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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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[–] jacksilver@lemmy.world 2 points 3 months ago

Is this really a backfire? My read is that they're actually focusing on their core business (plus cutting down marketing). It sounds like the right move, but maybe I'm too optimistic?