Intel axes thousands of technicians and engineers in sweeping U.S. layoffs — cutting 4,000 positions in the U.S., 2,392 in Oregon
www.tomshardware.com
Despite claims that layoffs target mostly mid-level managers.

Even with all those incentive dollars, tax breaks, and innumerable concessions this will always be what happens. Governments are captured by corporate money, power and influence and then governments give away the people’s wealth and corporations take.

  • xyzzy@lemmy.todayEnglish
    3·
    2 months ago

    It’s not that surprising, is it? Intel’s lunch is being eaten by Nvidia, AMD, and ARM architectures generally. They haven’t even been dumping money into stock manipulation, I mean buybacks, since early 2021, and companies love doing that.