Intel says it is laying off 15% of workers as chipmaker grapples with manufacturing challenges

(Reuters) -Intel said on Thursday it is laying off 15% of its workforce and new CEO Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chipmaker that would issue "no more blank checks." The plans are part of the effort by Tan, who took the helm in March, to turn around the storied U.S. chipmaker. Intel has divested businesses, laid off employees and redirected resources to focus on projects in which Tan believes customers are interested.