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Intel is laying off over 15,000 employees and will stop ‘non-essential work’(www.theverge.com)

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Eezyville@sh.itjust.works
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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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golli@lemm.ee
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I always like this answer by Steve Jobs on the topic (here it’s xerox, but this also fits Intel pretty well).

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deadbeef@lemmy.nz
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This video is perfectly applicable, the rot that sets in in a large company when you have no competition to counteract it is exactly what has happened here.

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