Intel is cooked

>>105684169 (OP)
>intelaviv dying
>bad
lmao
related though,
officers of companies that lay off US employees and replace them with jeets should be executed in public.
let's start with boeing.

>>105684169 (OP)
india needs those 10,000 jobs

>>105684169 (OP)
They will be replaced with Russian spies, aka pajeets. Why are people so blind?

>>105684169 (OP)
2.2 billies is pretty much nothing. Intel needs to sell good processors. That's all there is to it.

Shareholders have taken over

>>105684169 (OP)
Why does cutting the fat imply that they're cooked?
I know they are currently cooked. But this headline doesn't imply anything negative at all to me.
>more money
>less dead weight
If anything it makes me want to take a look at the stock after reading this to do some research.

>>105684169 (OP)
define "workers"
they could very well be laying off 10k useless middle managers

>>105684169 (OP)
>forced to mass hire during covid by biden
>manage to scam back $2.2B from biden
>lay off all the people after biden
Intel is just getting pay back.

>>105684822
>>105684827
It's unironically the first positive thing I've heard about intel in a while.
Last time something like this happened in my memory it was meta laying off 15k people or something and people were doomposting.
>check stock price after layoffs
>instantly responds to the announcement of layoffs by going up
Everyone knows how many useless workers there are in tech draining capital. The market seems to as well.

>>105684822
>middle managers
this time include fabs workers...

>mutts give corpos billions of dollars for "incentives"
>no long term contractual obligations whatsoever
>corpos just take the money and run
>mutts blame DEI and mexicans

>>105684735
Because bills like CHIPS are sold to taxpayers on promises of more jobs

>>105686007
TSMC already proved americans don't want to work in chip factories (nor do they have the skill to)

>>105684169 (OP)
This is a good thing.
Intel was extremely bloated. In 2023, before they started laying people off, they had as many employees TSMC, NVidia, and AMD combined.

>>105684359
> spies
LMAO

Did Intel actually get paid any of that money? The last I heard it was something like this:
>Government pledges to pay Intel to build new fabs if they jump through the right hoops
>Intel starts building $8B worth of new fabs expecting government money
>Intel has a rough time with rustgate on top of low yields, and then their new generation with the rust problem fixed is slower than their old chips
>Government waffles on paying out the money because they think Intel might go out of business whether they get the money or not
This was a couple of months ago, so my info could be outdated, but the fact that the headline claims that Intel got the funding "under Biden" suggests that it's just referring to funds promised and not delivered.

>>105686798
libtard (((journo))) cant give credit to the Rs, no matter what

>>105684169 (OP)
So you go to work then pay most of your paycheck in taxes, so you can bail out the stupid company you are working for? But they keep all the earnings and bonuses.

>>105686798
Another big CHIPS deal was Micron starting a megafab near me in Syracuse, NY. It looks like part of the problem is that they don't get the CHIPS money untl stringent conditions are met but they also lose the money if they don't qualify in time. For such big investments they're sort of gambling for the money and that makes decisons tough.
https://www.syracuse.com/micron/2025/03/2025-will-be-a-pivotal-year-for-microns-central-ny-project-heres-what-to-expect.html

>>105686643
who gives a shit about that? i am more concerned with those got laid off, who lost a job, in this economy.

>>105687580
shut the fuck up, you don't have a job.