this post was submitted on 01 Aug 2024
1122 points (99.0% liked)

Technology

59639 readers
2903 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
1122
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
234 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.

you are viewing a single comment's thread
view the rest of the comments
[–] todd_bonzalez@lemm.ee 3 points 3 months ago (1 children)

He's gonna make a ton of money then, because investors love layoffs.

[–] Ullallulloo@civilloquy.com 4 points 3 months ago (1 children)

The stock is down 30% so far, so I think you may not understand investors very well haha

[–] todd_bonzalez@lemm.ee 1 points 3 months ago

Give it time. Next Monday or Tuesday is probably the day to buy.