this post was submitted on 01 Aug 2024
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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
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.

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[–] 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.