Intel: Our finances are in the toilet, we're laying off 15K, but the free coffee is back!

Struggling chip giant Intel has rescinded a cost-cutting plan to abolish free coffee and tea for its staff.

Intel is on an spending-slashing crusade at the moment, with a plan to bin about 15,000 staff to help right its financials. Just last month, it laid off 2,000 staff (1,300 of them from its Hillsboro, Oregon site) and announced big cuts in staff perks earlier in the year.

Among the cost-cutting measures, the much-cherished sabbatical that Intel staffers could get after four years has now been eliminated, and while staff will still get one every seven years, its duration has been halved to just a month off, The Oregonian reports.

Stock rewards have been reduced, there are no more free personal trainers at the gym for staff, there's no more fresh fruit in the office (unless you bring it yourself), the Intel air shuttle flying between Oregon ...