this post was submitted on 01 Aug 2024
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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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[–] fernlike3923@sh.itjust.works 1 points 3 months ago (1 children)

Man I really should've bought some Intel instead of Nvidia.

[–] fernlike3923@sh.itjust.works 2 points 3 months ago (1 children)

Wait, their stock is 30% down today, what happened?

[–] Maggoty@lemmy.world 2 points 3 months ago* (last edited 3 months ago) (1 children)

The entire stock market is a casino for rich people and the rest of us are just hoping we can scratch a retirement out of it?

[–] fernlike3923@sh.itjust.works 2 points 3 months ago

Yeah, I guess.