this post was submitted on 31 Aug 2024
234 points (98.8% liked)

Technology

58303 readers
15 users here now

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


Our Rules


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

Approved Bots


founded 1 year ago
MODERATORS
 

Will more funding be needed to keep Intel competitive?

On 1 August 2024, Intel announced financial results for the second quarter of 2024. They weren’t pretty; the company’s stock dropped more than 25 percent as it announced an aggressive plan to cut costs, including layoffs that will impact 15 percent of its entire workforce.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 2 months ago

They brought him in to fix things, after a gaping finance moron named Bob swan took it after Brian krzanich pushed gelsinger out after he rescued it in the 2000s by developing the core series after the pentium 4 failed.

Brian krzanich fiddled because amd was on fire and he thought he could keep arm at bay. Bob swan didn't understand anything so he just cranked they buybacks.

It's a nightmare, and it's just getting worse, their engineering management went to hell because internal politics beat everything else.