Intel allegedly plans imminent lay off of thousands of employees to fuel turnaround
Intel allegedly plans imminent lay off of thousands of employees to fuel turnaround
"Could it be that we pay the top brass too much? Nonono, that's not it. Cut workers that depend on us to survive."
-The Top Brass
Think of the poor shareholders!
Aren't they recalling two complete SERIES of CPUs?
Guess those execs really need their bonuses
I don't think they announced any such recall?
so they should have some spare money to send me a new CPU to replace my fucked raptor lake CPU.
They should be thinking of the loss involved in replacing these CPUs as an investment in Intel's long-term reputation. But instead they're thinking "how can we make the line go up this quarter?" and cutting staff. It's shortsighted, as all public companies are these days.
I'd place the blame more on businesses and dumb managers keeping them afloat since they still think Intel is the best bet for their computers or they're stuck with Intel due to existing contracts. After AMD came in and bitch slapped Intel with Zen, a lot of the community switched teams and went over to AMD for CPUs but most businesses haven't yet.
It feels like its always the same with big companies trying to please their stakeholders. They just manoeuvered themselves into a very bad corner by planning super short term and trying to milk each product to their limits. All of this because they were super dominant for a long time. But as soon as they experience pressure by amd, apple m1 series or qualcom, to actually perform, they crumble under their own short term planning. It feels like their existence ist onley based on their reputation from several years back and the lack of research done by the customers
big companies trying to please their stakeholders
I don't think that happened here, with the stock dropping off 27% with one of the worst days since Y2K.
Hahahaha! Oh my this is hilariously sad!
So they took -government- taxpayers' money to create jobs. But instead spent it on stock buybacks. And now they are lying off thousands of workers because they need money?
We all knew the CHIPS Act was a scam, but I didn't expect it to be obvious this fast. I thought they would be more tacit about it.
STOP FLOODING THE MARKET ASSHOLES
