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Intel is laying off over 15,000 employees and will stop ‘non-essential work’
(www.theverge.com)
this post was submitted on 01 Aug 2024
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These layoffs will only be for a quarter or two. Just enough for the c-levels to unlock their full bonuses.
And create a glut in their labour market niche, which will take many years before the wages recover to what they were. In the current 20 year permanent labour shortage scenario, this is the way to prevent wages from increasing. Sure these demand shocks will create issues by they're making the bet the lower overall expenses for wages will make it all worth it. This is them leveraging the imbalance of power been employer and employee
If only there were some tried and tested method for the working class to join together and create a power block equal to the company in order to negotiate better pay and conditions and avoid these outrageous tactics. Pity
Exactly! And then the Government can declare you an essential service and take away all your bargaining power!
Oh wait...
More like oh no, here I go molotoving again.
I hope it will never hit that point where its the only way forward.