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Intel is laying off over 15,000 employees and will stop ‘non-essential work’ (www.theverge.com)

submitted 4 months ago by Eezyville@sh.itjust.works to c/technology@lemmy.world

235 comments fedilink hide all child comments

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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[–] Linkerbaan@lemmy.world 5 points 3 months ago (2 children)

Lets hope they ditch the israel division

[–] Johanno@feddit.org 4 points 3 months ago (4 children)

Why that specifically?

[–] Maggoty@lemmy.world 3 points 3 months ago

Boycott Divest Sanction

It's not necessarily the thread to bring it up but linkerbaan is on a mission.

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[–] Saledovil@sh.itjust.works 5 points 3 months ago (1 children)

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 (1 children)

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 (6 children)

So, buying opportunity?

[–] RoosterBoy@lemm.ee 5 points 3 months ago* (last edited 3 months ago) (2 children)

"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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