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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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[-] tempest@lemmy.ca 4 points 3 months ago

If the bureaucracy could easily identify the dead weight projects it wouldn't need the layoffs but that also means it can't make good choices when doing layoffs.

It's like chemotherapy.

this post was submitted on 01 Aug 2024

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