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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[–] jj4211 4 points 3 months ago

Don't understand your "worth" numbers, that's generally market cap and those numbers don't line up. The employee counts line up...

100B is... close enough for Intel (though they have fallen to 95B). So $730,769 per employee

ARM is $140B... So $20,000,000 an employee...

nVidia is worth 2.7T.... $90,000,000 an employee...