Thread regarding Intel Corp. layoffs

https://www.bloomberg.com/news/articles/2024-07-30/intel-to-cut-thousands-of-jobs-to-reduce-costs-fund-turnaround

Woohoo!

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Post ID: @OP+1tMppjK9

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@bvx+1tMppjK9
"The executive suite goes from one company to the next, propping up shareholder value and practicing fiduciary responsibility."

Well said, but I would add majority shareholder to that list.
After they have "ra--d and pillaged" intel for every dollar they could squeeze out, they will move on to the next ship so to speak.

short-run profit maximization

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Post ID: @aax+1tMppjK9

I think the stress is driving employees to hit the bottle.. or the white line to cope. I’ll cut some slack on the rambling responses…

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Post ID: @zil+1tMppjK9

what you’ve just said is one of the most insanely id--tic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now d-mber for having listened to it. I award you no points, and may God have mercy on your soul.”

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Post ID: @tyx+1tMppjK9

I don't understand what @bvx+1tMppjK9 said, and I'm not sure he does either.

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Post ID: @smu+1tMppjK9

So the thing is
No matter how much one tries to vilify our executive team, their processes, methods, and decisions, we should keep one thing in mind. It’s of no concern to them that the company is losing great people, losing essential experience, never to be replaced. It’s if no concern to them that the company is being pushed off of a cliff. The executive suite goes from one company to the next, propping up shareholder value and practicing fiduciary responsibility. That’s all they get paid to do. If some highly proprietary information, or national security information becomes compromised, to bad, so sad. They really don’t care what you think of them, in fact many postings make it to the country club and become comedic fodder on the 19th hole over cocktails. As so far as customers are concerned, let’s sell them this, and give them that. Cheers

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Post ID: @bvx+1tMppjK9

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