this post was submitted on 01 Aug 2024
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1131
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]
236 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] 80 points 3 months ago (2 children)

I wonder how many of the over 1000 VPs will get canned. You read that right. I worked there at the beginning of my career. I know a lot of people who are now VPs. Only one of them was actually any good. One guy couldn't even manage his own staff meetings when he was a first line manager. Nice guy, not dumb or anything, but not brilliant, and a terrible organizer.

[–] [email protected] 33 points 3 months ago (2 children)

Ah yes, the ol' "promoted to the level of their incompetence". SOP. Or SNAFU, take your pick.

[–] [email protected] 18 points 3 months ago

I hope this never happens to me but based on the Peter Principle I won't know when it happens.

Oh shit maybe it's already happened...

[–] [email protected] 10 points 3 months ago

over 1000 VPs

I used to work for Comcast and it was astonishing how many vice presidents there were. It might be the most meaningless corporate title ever. Even if they had real work to do they never had time to do it - VPs there turned over faster than beignets at Cafe du Monde.