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In Oregon, the layoffs were 3x-4x more than in AZ. What's kicked both regions in the teeth is that the layoffs were 4x-5x more than what Intel had stated. Oreg
by orangechairs 1y ago
In Oregon, the layoffs were 3x-4x more than in AZ. What's kicked both regions in the teeth is that the layoffs were 4x-5x more than what Intel had stated.
OregonLive has been reporting for weeks that 500+ Oregon Intel jobs were going to be cut -- they cut 2500 jobs. This is also round 3 (?) of Intel's layoffs in the last 12 months. It's massive and devastating.
- saelthavron 1y agoThis sounds like sell the whole company type of cuts.
- consumer451 1y agoWhat else could be the trajectory of Intel, when the CEO has admitted defeat in the current investment environment? > Intel CEO says it's "too late" for them to catch up with AI https://news.ycombinator.com/item?id=44532572 https://news.ycombinator.com/item?id=44532572
- vachina 1y agoLast stage of grief is acceptance. I think the only way left is up.
- cindyllm 1y ago[dead]
- cyberax 1y agoWell, yeah. It's the Elop and Nokia situation all over again. Remember the "burning platform" memo? Intel actually made a decent video card that sells above MSRP: Battlemage. They can easily advance it into more powerful GPUs. Gelsinger understood that. The current MBA empty suit doesn't.
- UncleOxidant 1y agoGelsinger was apparently Intel's last hope to avoid being sold off in pieces.