Intel’s layoffs appear similar in scale to last year’s cuts and will have a profound effect on Oregon’s economy.

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,

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