Beleaguered chipmaker Intel has confirmed plans to restructure in a shift that will involve an unspecified number of layoffs. It was reported this week that the company could lay off around 20 percent of staff (it had 108,

This would be the second mass layoff at the company in less than a year. 15,000 jobs were cut in August as part of cost-reduction measures.

Intel is reportedly preparing another round of layoffs, with 21,000 of its global workforce to be out of work, representing another 20% of its workforce.