New Delhi, July 8 -- Intel Corp. will lay off 529 employees in Oregon this month, as part of a broader cost-cutting plan expected to impact roughly 20% of the company's global workforce, according to a report.

Intel has not publicly confirmed the total number of job cuts, but a source familiar with the matter, Bloomberg reported, that as much as one-fifth of the company's workforce could ultimately be affected.

The cuts will affect operations at Intel's campuses in Aloha and Hillsboro starting July 15, according to a regulatory filing.

The move is part of a sweeping overhaul under newly appointed CEO Lip-Bu Tan, who took charge in April amid mounting pressure to reverse the chipmaker's decline and reclaim lost technological ground.

In...