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 [email protected] to c/[email protected]
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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[–] [email protected] 8 points 3 months ago

That's exactly what happened, and that's how layoffs always work.

The losses of the horrible decisions of the board/owners/management/etc are paid for by the blood of the workers. It's so wonderful and very fair.