The Intel Corp. is laying off 110 of its employees in Austin as it embarks on a plan to cut as much as 20% of its giant global workforce.

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,

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