this post was submitted on 31 Aug 2024
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Will more funding be needed to keep Intel competitive?

On 1 August 2024, Intel announced financial results for the second quarter of 2024. They weren’t pretty; the company’s stock dropped more than 25 percent as it announced an aggressive plan to cut costs, including layoffs that will impact 15 percent of its entire workforce.

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[–] EleventhHour@lemmy.world 22 points 3 months ago* (last edited 3 months ago) (20 children)

Funny, I speculated to a friend about a year ago that intel’s general fuckery might cause them problems not to far down the road , and here they are. Hmm, if only I had money to back that up… I’d probably have more money or whatever.

Or maybe not so much since I think just about everyone saw this coming. My friend certainly did.

[–] Varyk@sh.itjust.works 6 points 3 months ago (19 children)

what's been going on with intel the last few years? in terms of their troubles that this extremely vague article that could have been 4 sentences says nothing about.

[–] TexMexBazooka@lemm.ee 3 points 3 months ago (1 children)

What always happens when a dipshit with a business degree starts making decisions about technical problems

[–] Varyk@sh.itjust.works 2 points 3 months ago

haha.

oh management,

unnecessary avatar

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