this post was submitted on 01 Aug 2024
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Intel is laying off over 15,000 employees and will stop ‘non-essential work’ (www.theverge.com)
submitted 3 months ago by [email protected] to c/technology
236 comments fedilink hide all child comments
 

So they got all that money from Uncle Sam's CHIPS Act only to lay off 10,000 employees and make themselves "lean". Govt funded unemployment.

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[–] [email protected] 17 points 3 months ago* (last edited 3 months ago)

The risk bit is self-evidently bullshit. Executives are the last to suffer when things go wrong. They can tank the whole company through greed and incompetence, and still collect their salaries of millions plus even bigger bonuses, before walking into a similar position somewhere else. It's the employees that shoulder the risk.