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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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[-] buddascrayon@lemmy.world 10 points 3 months ago

Consumer confidence is way down. They're going to have a hell of a time trying to sell 15th gen to people. Everyone I know who knows what in the hell is going on is going to AMD.

I've been in the industry since back when AMD actually was making the processors for Intel. And people have been saying this exact thing every time there's a fluctuation in the processor market. Yet Intel still basically owns the market anyway.

The failure in Intel isn't their processors, it's their management.

[-] linearchaos@lemmy.world 4 points 3 months ago

I mean you can't blame the rocks, of course it's the management :)

this post was submitted on 01 Aug 2024

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