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Intel lays off hundreds of engineers in California, including chip design engineers and architects — automotive chip division also gets the axe (www.tomshardware.com)

submitted 2 days ago by misk@sopuli.xyz to c/hardware@lemmy.world

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[–] poke@sh.itjust.works 16 points 2 days ago (1 children)

I really don't understand why Intel's response to finally having a worthy competitor after market domination is just to absolutely crumble and hinder any potential return to form. It seems they had a good thing for a couple years with their last CEO, but they got rid of them right when the fruits of that labor started to show (chip work is usually a multi year long process, so results aren't regularly seen right away, is my understanding).

[–] jjagaimo@sh.itjust.works 19 points 2 days ago (1 children)

Because cannibalizing companies is the only thing capitalists know how to do to extract profit

[–] CAWright@infosec.pub 4 points 1 day ago

I wonder who downvoted you. It's a true statement. Capitalists aren't there to make good products or services. They solely exist to squeeze as much money out of everything they can. They are a disease.