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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[–] zephr_c@lemm.ee 8 points 3 months ago

At this point I'm starting to think that if you want to subsidize semiconductor manufacturing in the US the Global Foundries might be a better investment. At least they've already hit rock bottom.