The upper management is scapegoating the workers for their mistakes
You would think that they would move hard to make sure they were hiring the best and more people to ensure bullshit like FRYING THE ONLY COMPONENT PEOPLE WANT FROM YOU BY USING YOUR PRODUCT NORMALLY would be paramount. But no. Fire everyone but the C-Suit, do some stock buybacks, ???, then profit.
Line must go up.
I swear to god if companies don’t realize that the point is to make a product or service that people want to use, I’m gonna sue them in Texas and hope to finally get the corporate death penalty.
That’s the Jack Welch playbook!
If it were a sane world I’d be worried about my Intel stock but investors seem to get hard-ons at news of layoffs so it’ll probably go up.
Stock prices are absolutely determined by investors. As in, that’s the only thing that matters. If more people are selling than buying, line go down. If more are buying than selling, line go up. That’s how it works.
You say “shareholders,” but that’s not accurate. the OP said “investors,” which can mean everything from long-term shareholders to day-traders throwing around options. The former doesn’t determine share prices, those who actively trade the stock do.
Honest question as I’ve been pondering this (and not my orb 😞) recently and I’m not sure if my reasoning makes sense.
You mentioned day-traders making option plays. I can see how that could be used as a signal by the rest of the stock market. Does that have a bigger impact than, for a lack of a better term, mega investors? I’m not a huge investor. My holdings are primarily in ETFs. But I have some money in my portfolio to play around with.
To me it seems like my stocks are affected more by what berkshire hathaway does for example than actual consumer/investor sentiment. To the point where I’m wondering if unless we band together, like GME, we are primarily along for the ride. All while massive firms, insurance companies, tech companies and other large holdings managed by small number of individuals impact stock price a lot more and with that don’t have an insensitive to sell holdings they bet big on.
I honestly thought this was about to be another orb post from the thumbnail.
I’d hate to be named Jobs, working at Intel. 🔪
Guys, i’m sorry to say that 15 years of avoiding innovation because we were the market share leader has to end. We thought AMD was a joke after so many issues in the 00’s so we got complacent.
So we have to can all of you marketers who are shitposting on our advertising “review” site and hire some R&D people. Maybe we can scalp some from AMD.
Sincerely, Intel Executives
I guess he likes his roast beef well aged. lol
But yeah, Intel is a company that only innovates when they have to. If it wasnt for AMD they’d probably only produce a new CPU every 2-3 years to save on R&D costs.
Isn’t it essentially Intel’s fault that instead of moving to automated fab configuration, they kicked back and let TSMC get most of the world’s capacity for these new generation fabs, right on top of a geopolitical faultline? Another example of corporate decisions by near-monopolies harming the national interest.
