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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]

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

If you watch these companies they all want to be tech giants when they have no reason to do so. They hire tech execs from the giants thinking they'll make some great business hybrid withithe help of the tech execs,but you know what? Sometimes a brick is just a brick.

Two things happen, the tech execs lead them on a wild goose chase since they have no idea how to function in a different industry and people get fired, or the CEO is scared and ignores the suggestions to follow the same thing every other company does and people get fired