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.

    • jj4211@lemmy.worldEnglish
      3·
      2 months ago

      Yeah, Intel is down 33% over the last two days… didn’t work this time…

      Some layoffs can be seen as “improving efficiency”. This deep of cut is “oh shit, things are screwed”.

      • jacksilver@lemmy.worldEnglish
        1·
        2 months ago

        It has me oddly hopeful. It sounds like they may have finally realized that they can’t ignore their core product/purpose. However, whether it’s too late or if they have the ability to actually execute is still to be seen.