Is it the beginning or the end of the cost cutting?
https://www.rte.ie/news/business/2022/1201/1339503-intel/
10 replies (most recent on top)
Ireland meeting rooms full of peeps sleeping or watching sport / films. Why do nothing and not get paid for it?
@2abc It's the bullwhip effect in the supply chain.
This is the true definition of a layoff. Employees leave for a while unpaid and then are brought back. Using the term layoff for what Intel is doing across the company is b-llsh-t, these people are being fired. There is not plan to bring them back in the future unless they reapply for a job at some point.
i don't get it. 6 months ago we had a world wide chip shortage and
now they are halting the work force in fabs.
what is it? do we have too many chips or not enough?
https://www.yahoo.com/finance/news/intel-ireland-hands-three-months-130646389.html
Was informed of this 2 weeks ago, super old news
You can only fool people so long.
Don’t a few thousand employees for a few months saves you a few tens of millions maybe. You need to save BILLIONS. You’ve promised three BILLION and TEN+ BILLION in a couple years. Tell me how does that work when you are spending billions to build empty white elephants with no customers and nothing to fill those fabs. PC and servers salads continue to drop! AMD, Nvidia and Apple all produce superior products at lower cost, FUBAR
Engineering in US won’t get this option?
This is known. Manufacturing offering it in the US, too.
Hopefully no-one takes em up on it. No accrued holidays when you go back, not allowed to take on work or a job anywhere else during the time off unless you hide it from the taxman.