Intel Prepares Another Round of Layoffs

Intel, a big company that makes computer chips, is cutting more jobs.

They've already cut about 40,000 jobs over two years.

Now, they're cutting more jobs in a part of the company that makes chips for big computers and cloud services.

Intel says this will help them do better in the future.

But it's tough for the people who lose their jobs, especially in Oregon, where Intel is a big employer.

Even with these cuts, Intel will still be the biggest private employer in Oregon.