Intel to announce 20% workforce reduction

https://www.msn.com/en-gb/money/other/intel-to-cut-over-20-of-workforce-bloomberg-news-reports/ar-AA1Dr2Jo

by josemanuel • 1 year ago

8 8 1 year ago

msn.com

mrx99• 1 year ago

Sorry but I won't install an app to read the article..

com• 1 year ago

Click on expand article just underneath the install app CTA.

josemanuel• 1 year ago

It’s unfortunate the state Intel got to. We got here in just a few years. Can Intel regroup from here and regain control of the markets it was driving?

derelicta• 1 year ago

Despite the massive subsidies they've received?? Where did all the money go??

Timber-6539• 1 year ago

Stock buybacks.

BeetleB• 1 year ago

They stopped buybacks years ago (and now even stopped dividends).

insane_dreamer• 1 year ago

They actually didn't receive most of that money. A portion was given out, and then Trump paused/stopped the CHIPS Act.

This is likely as a result of _not_ receiving the subsidies they needed - and what they did receive was to finance the building of fabs.

bitsage• 1 year ago

Unfortunately, most of that will go towards developments that won’t be realized for years. More importantly, I’m not even sure the subsidies for manufacturing would help Intel’s financial situation — they’ve been exploring spinning off manufacturing for several months now.

Intel to announce 20% workforce reduction

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