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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] 4 points 3 months ago* (last edited 3 months ago)

Yeah, my team has gotten cut and the end result is one management type person per person actually doing anything... They are "managing" teams of one each, effectively...

EDIT: To make it clear, I'm not an Intel guy, just commenting on an 'Intel-like' company behavior with respect to being stupid about layoffs.