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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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[-] golli@lemm.ee 9 points 3 months ago

I always like this answer by Steve Jobs on the topic (here it's xerox, but this also fits Intel pretty well).

[-] deadbeef@lemmy.nz 9 points 3 months ago

This video is perfectly applicable, the rot that sets in in a large company when you have no competition to counteract it is exactly what has happened here.

this post was submitted on 01 Aug 2024

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