Technology

58303 readers

8 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

1132

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 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.

[–] [email protected] 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.

[–] [email protected] 1 points 3 months ago

I must admit I don't keep up with chip developments.