Intel Laying Off 784 in Oregon

The other shoe is dropping.

One week after Intel announced it would be laying off 12,000 people - 11 percent of its global work force - the company has started notifying state employment departments where some of those layoffs will be.

In Oregon, 784 people will lose their jobs, according to paperwork filed with the state.

People will be laid off from facilities in Hillsboro and Aloha.

Notices started going out Monday and will continue going out through April 29.

Employees's last day will be May 31.

Workers will receive six weeks of pay and three months of health benefits.

The layoffs were announced last week in an email from Intel CEO Brian Krzanich.

The company said the moves will save the company approximately $750 million this year.

The company says that the moves are necessary as it transforms for being "a PC company to a company that powers the cloud and billions of smart, connected, computing devices."

Those business, the company said, make up 40 percent of its revenue.

Layoffs are occurring at Intel facilities around the country including 269 in Folsom, California, 296 in Santa Clara, California, and around 350 in DuPoint, Washington.