More than 500 employees of the Intel Corporation in Oregon will be laid off, the tech giant announced Tuesday.

Intel begins laying off 529 employees in Oregon as part of a global restructuring under new CEO Lip-Bu Tan's leadership.

Intel Corp. is cutting more than 500 positions in Oregon as part of a layoff plan that’s ultimately expected to affect roughly 20% of the chipmaker’s staff.The Oregon job reduction will hit facilities in Aloha and Hillsboro starting on July 15,