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Technology @lemmy.world Eezyville @sh.itjust.works 7mo ago

Intel is laying off over 15,000 employees and will stop ‘non-essential work’

www.theverge.com Intel is laying off over 15,000 employees and will stop ‘non-essential work’

That’s a lot of layoffs.

Intel is laying off over 15,000 employees and will stop ‘non-essential work’

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.

Technology @lemmy.zip BrikoX @lemmy.zip 7mo ago

Intel is laying off over 15,000 employees and will stop ‘non-essential work’

www.theverge.com /2024/8/1/24210656/intel-is-laying-off-over-10000-employees-and-will-cut-10-billion-in-costs

Intel is laying off over 15,000 employees and will stop ‘non-essential work’

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Economics @lemmy.world MicroWave @lemmy.world 7mo ago

Intel is laying off over 15,000 employees and will stop ‘non-essential work’

www.theverge.com /2024/8/1/24210656/intel-is-laying-off-over-10000-employees-and-will-cut-10-billion-in-costs

Intel is laying off over 15,000 employees and will stop ‘non-essential work’

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231 comments

So, buying opportunity?
- "Here is more evidence that our system is fundamentally broken and doesn't serve the people who make it run anymore"
  
  You: "How can I profit from this?"
  
  You sound like a CEO in the making.
- Would be awesome if DARPA bought them...
- Man I really should've bought some Intel instead of Nvidia.
  
  Wait, their stock is 30% down today, what happened?
  
  The entire stock market is a casino for rich people and the rest of us are just hoping we can scratch a retirement out of it?
  
  Yeah, I guess.

231 comments