this post was submitted on 01 Aug 2024
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Intel is laying off over 15,000 employees and will stop ‘non-essential work’ (www.theverge.com)
submitted 3 months ago by Eezyville@sh.itjust.works to c/technology@lemmy.world
235 comments fedilink hide all child comments
 

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.

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[–] Sanctus@lemmy.world 135 points 3 months ago (14 children)

You know they pocket those subsidies when this happens.

[–] FiniteBanjo@lemmy.today 1 points 3 months ago

Idk about other subsidies but they're probably not getting any CHIPS Act funds with this sort of behavior.

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