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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] 5 points 3 months ago (1 children)

Wow, intel must really be struggling if they need to lay off this many people. I don't think it's reasonable to invest in Intel at this time.

Or well, I think news of layoffs should always be interpreted in a way that's pessimistic for shareholders.

[–] [email protected] 3 points 3 months ago (1 children)

Have you seen the performance and efficiency of these arm chip? The performance and battery life of Apple's chips compared to the Intel chips before then? Intel should be absolutely embarrassed.

[–] [email protected] 1 points 3 months ago

I must admit I don't keep up with chip developments.