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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

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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)...