Technology

59651 readers

2646 users here now

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

Our Rules

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

Approved Bots

founded 1 year ago

MODERATORS

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

219 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

[–] golli@lemm.ee 0 points 3 months ago (1 children)

I always like this answer by Steve Jobs on the topic (here it's xerox, but this also fits Intel pretty well).

[–] deadbeef@lemmy.nz 0 points 3 months ago

This video is perfectly applicable, the rot that sets in in a large company when you have no competition to counteract it is exactly what has happened here.