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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[–] ApollosArrow 111 points 3 months ago* (last edited 3 months ago) (2 children)

What’s crazy to me is that they are laying off more employees than the total number of full time employees I’ve worked at for most companies.

They are laying off 12% of their work force.

[–] kameecoding 14 points 3 months ago (1 children)

That's what happens when companies are too fucking big, and intel was essentially a monopoly for a while.

I have interned at AT&T while at University, laying off a 1000 people would be less than 1 % for them.

[–] ApollosArrow 2 points 3 months ago (1 children)

After seeing this article I went down a rabbit hole and IBM isn’t even in the top 10 US of most employees. Here’s some of the popular ones from the top 30.

  • Walmart - 2.3 Million
  • Amazon - 1.61 Million
  • DHL - 594,000
  • FedEx - 547,000
  • UPS - 536,000
  • Home Depot - 456,000
  • Target - 415,000
  • Kroger - 414,000
  • Marriott - 411,000
  • Starbucks - 381,000
  • Walgreens - 333,000
  • Pepsi - 318,000
  • Costco - 316,000
  • Chase - 309,000
  • Lowes - 300,000
  • IBM - 282,000
  • CVS - 219,000
  • Bank of America - 212,000

https://en.m.wikipedia.org/wiki/List_of_largest_United_States%E2%80%93based_employers_globally

[–] [email protected] 1 points 3 months ago* (last edited 3 months ago) (1 children)

...i'm surprised to see DHL rank so highly in that list: what's their domestic market focus, business-to-business freight logistics?..i seldom see DHL packages and when i do they're almost exclusively of international origin...

[–] ApollosArrow 1 points 3 months ago

That was also my thought as well. I only use DHL with some international orders, so I questioned their placement on that list.

[–] Angry_Autist 6 points 3 months ago

... the 12 percent that actually does something too...