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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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[-] Saledovil@sh.itjust.works 5 points 3 months ago

Wow, intel must really be struggling if they need to lay off this many people. I don't think it's reasonable to invest in Intel at this time.

Or well, I think news of layoffs should always be interpreted in a way that's pessimistic for shareholders.

[-] curiousaur@reddthat.com 3 points 3 months ago

Have you seen the performance and efficiency of these arm chip? The performance and battery life of Apple's chips compared to the Intel chips before then? Intel should be absolutely embarrassed.

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[-] GiddyGap@lemm.ee 3 points 3 months ago

So, buying opportunity?

[-] RoosterBoy@lemm.ee 5 points 3 months ago* (last edited 3 months ago)

"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.

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[-] Maggoty@lemmy.world 2 points 3 months ago

Would be awesome if DARPA bought them...

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this post was submitted on 01 Aug 2024

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