Intel is reportedly planning to lay off 20 percent of its workforce, feeding recession fears

There's been a lot of talk online about "recession indicators" over the past few months. Now, we have a big one. Intel is reportedly preparing for its largest round of layoffs ever. According to a new story from Bloomberg, Intel is set to announce a massive 20 percent reduction in its workforce. This would mark the second time in less than a year that the company laid off employees.