The dark day that chip stock Intel ($INTC) employees have dreaded has arrived, and over 2,000 layoffs have already begun.

Intel plans to cut nearly 400 jobs at its Chandler, Arizona campus as part of a larger global reduction strategy.

In a mid-September update, Gelsinger indicated that Intel had already reduced more than half of the targeted positions ...

Intel has laid off more than 2,250 U.S. workers this week with job cuts at the chipmaker’s offices in Texas, California and Arizona, in addition to the 1,300 Oregon layoffs the chipmaker announced ...