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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 Eezyville@sh.itjust.works to c/technology@lemmy.world

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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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[-] twei@discuss.tchncs.de 36 points 3 months ago

Oh my god...

https://www.reddit.com/r/wallstreetbets/comments/1ehjuzj/i_bought_700k_worth_of_intel_stock_today/

[-] kameecoding@lemmy.world 27 points 3 months ago* (last edited 3 months ago)

Meh, he bought a significant dip, even if it goes lower in the coming months, in a few years he will be way up. It's not like Intel will go away, they are in a duopoly market.

Intel has been down from around 50 YTD to 30 likely in a few years it will be back to 50 and he will close to double his money

Though he could have probably just put the 700K into S&P 500 and have his retirement taken care of, since he is in his 20s

[-] twei@discuss.tchncs.de 5 points 3 months ago

Yeah but still... could've at least waited a day

[-] slaacaa@lemmy.world 7 points 3 months ago

Holy F, what an idiot nepo baby. Maybe daddy who pays for college works as a VP at intel

this post was submitted on 01 Aug 2024

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