After the coming layoff batch End of August, will we be done for the year or we expect more layoffs?
7 replies (most recent on top)
They made the reward vest a year and a half from now so you can bet they are going to layoff many more before then so they don't have to pay. What a load of garbage!
down 10,000 heads from peak. Need to cut another 20,000 and still the company is inferior to AMD and TSMC on revenue per head.
Intel spending has exceeded profits by about $10B so far this year... You can't bleed that much money for too long before going BK...
We have to cut costs by 10 billion over 3 years. We are in year 1.
It’s only beginning my friend.
Hahaha done. MAYBE when HC is where it needs to be around 80K employees
Beatings will continue until morale improves.
There will always be more.
Always have a plan and always be prepared.
The days of companies caring about their employees is long since gone.