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 1 month ago by [email protected] to c/technology
239 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] 125 points 1 month ago (1 children)

stop 'non-essential' work

So those jobs they're cutting start with everyone with "Chief" in their title, right?

[–] [email protected] 17 points 1 month ago

Of course not. The Chiefs earn every penny by making the difficult decisions to keep stock prices up. /s