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] 4 points 3 months ago

If the bureaucracy could easily identify the dead weight projects it wouldn't need the layoffs but that also means it can't make good choices when doing layoffs.

It's like chemotherapy.