US chip-maker Intel on Thursday announced that it is planning on reducing its workforce by 15% as part of a cost-cutting programme worth billions of dollars. Intel said the majority of the layoffs, expected to exceed 18,000, were set to be completed by the end of 2024. The move is part of a new $10 billion cost savings plan amid losses for the chipmaker. From the fourth quarter onwards, Intel also intends to stop paying a dividend for the time being, the US company announced after the close of the US stock market. In the second quarter, Intel posted a loss of just over $1.6 billion compared to…