139
Intel allegedly plans imminent lay off of thousands of employees to fuel turnaround
(www.tomshardware.com)
this post was submitted on 01 Aug 2024
139 points (98.6% liked)
Technology
34968 readers
2 users here now
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It feels like its always the same with big companies trying to please their stakeholders. They just manoeuvered themselves into a very bad corner by planning super short term and trying to milk each product to their limits. All of this because they were super dominant for a long time. But as soon as they experience pressure by amd, apple m1 series or qualcom, to actually perform, they crumble under their own short term planning. It feels like their existence ist onley based on their reputation from several years back and the lack of research done by the customers
I don't think that happened here, with the stock dropping off 27% with one of the worst days since Y2K.