Not surprising, they’ve been struggling for a while
oh_how_droll on
Intel has been on the kind of trajectory that usually ends with a suspicious fire at their headquarters for the insurance money for a decade now, and it’s frankly reassuring for my ability to assess the health of a company that consequences are finally starting to come due.
quickblur on
That article now says:
>We plan to deliver $10 billion in cost savings in 2025, and this includes reducing our head count by roughly 15,000 roles, or 15% of our workforce.
nocountryforcoldham on
Wait. They were investing tens of billions in new plants just a couple of years ago. Wtf is happening at intel? Are they pulling a boeing with executives with management background and no idea about the technicalities of the business?
4 Comments
Not surprising, they’ve been struggling for a while
Intel has been on the kind of trajectory that usually ends with a suspicious fire at their headquarters for the insurance money for a decade now, and it’s frankly reassuring for my ability to assess the health of a company that consequences are finally starting to come due.
That article now says:
>We plan to deliver $10 billion in cost savings in 2025, and this includes reducing our head count by roughly 15,000 roles, or 15% of our workforce.
Wait. They were investing tens of billions in new plants just a couple of years ago. Wtf is happening at intel? Are they pulling a boeing with executives with management background and no idea about the technicalities of the business?