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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[–] Allonzee 27 points 3 months ago* (last edited 3 months ago)

This is an admisson of no future.

They're throwing crew out of their boat full of holes to assure investors they're ship shape... for the next quarterly profit report.

Their corpse will be long since picked clean of their patents, assets, and trademarks by 2030.