(Bloomberg) -- Intel Corp. is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with ...

Intel shares rose Wednesday, following a report the struggling chipmaker is planning to cut more than 20% of its staff.

Intel Corp. is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter.

Struggling chipmaker Intel is poised to announce plans to cut more than 20% of its staff this week, Bloomberg has learned. Jane Lanhee Lee reports on the difficulties facing the tech company ...