Intel Corp (NASDAQ:INTC) is up 5.6% in pre-market trading, after reports surfaced that the chipmaker is preparing to cut more than 20% of its staff. According to Bloomberg, the layoffs are part of a broader effort to streamline management and restore an engineering-driven culture. The move would mark the first major restructuring under new CEO Lip-Bu Tan, who took the helm in March.Down 14.1% so far this month, Intel stock is attempting a sharp rebound, on track to open back above the $20 level. The rally a ...