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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 Eezyville@sh.itjust.works to c/technology@lemmy.world

235 comments fedilink hide all child comments

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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[–] SirEDCaLot@lemmy.today 3 points 3 months ago (1 children)

Well it's cannibalizing the company. You're absolutely right about Boeing.

HP was another example. Fire all the engineers and R&D types, rush whatever's already in the pipeline into production. You get a couple of fantastic quarters because you have new products without the R&D costs. But then you run out of new products in the pipeline and everything goes to shit because you killed your golden goose.

[–] sudo42@lemmy.world 2 points 3 months ago (1 children)

I will always say, "Fuck Carly Fiorina" for ruining the finest company in the engineering world.

[–] SirEDCaLot@lemmy.today 2 points 3 months ago

Absolutely. What she did to HP was almost criminal.

HP, Boeing, Intel (twice now)...