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]
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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] 80 points 3 months ago (4 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...

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