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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 [email protected] to c/[email protected]

232 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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[–] [email protected] 36 points 3 months ago (2 children)

Oh my god...

https://www.reddit.com/r/wallstreetbets/comments/1ehjuzj/i_bought_700k_worth_of_intel_stock_today/

[–] [email protected] 27 points 3 months ago* (last edited 3 months ago) (1 children)

Meh, he bought a significant dip, even if it goes lower in the coming months, in a few years he will be way up. It's not like Intel will go away, they are in a duopoly market.

Intel has been down from around 50 YTD to 30 likely in a few years it will be back to 50 and he will close to double his money

Though he could have probably just put the 700K into S&P 500 and have his retirement taken care of, since he is in his 20s

[–] [email protected] 5 points 3 months ago

Yeah but still... could've at least waited a day

[–] [email protected] 7 points 3 months ago

Holy F, what an idiot nepo baby. Maybe daddy who pays for college works as a VP at intel