https://www.cnbc.com/2022/10/18/microsoft-confirms-job-cuts-after-calling-for-growth-to-slow.html
3 replies (most recent on top)
Oct. 12, 2022
Intel could reportedly cut more than 22,000 of its 113,700 employees (roughly 20%), Bloomberg reported citing unnamed sources familiar with the proposal, following a disappointing company financial forecast in July it blamed on a “sudden and rapid” economic decline, while its shares shrank by more than half over the past year, to $25.04 (Intel declined to comment).
I use to work for intel back in 2007 and what I noticed is that this company doesn't plan well. They don't have good business people to help steer the ship in the right direction. They still have this one-track mentality. People and more people. Bo-m bo-m bo-m. If this is such a good company then why did they miss the cell phone bo-m?
Yet Intel can’t comment due to “quiet period”.
Microsoft earnings are next week too…