That’s a lot of layoffs.

So they got all that money from Uncle Sam’s CHIPS Act only to lay off 10,000 employees and make themselves “lean”. Govt funded unemployment.

    • Scotty_Trees@lemmy.worldEnglish
      1·
      1 year ago

      Chips Act, Take 1: Hey Intel here’s 8 Billion dollars to make us more chips in the US. Intel: I gotta let 15,000 of you go, there’s just not enough money…

    • PanArab@lemm.eeEnglish
      1·
      1 year ago

      I thought they would be more tacit about it. This is too obvious and too soon after taking taxpayers’ money. But they probably don’t care anyways. Who is going to stop them or hold them accountable?