LBT is executing PG's plan. The only difference is the sell off divisions and layoffs.
What's left will be a skeleton crew working hard for low pay.
Stockholders will get a chance to recoup their loses, sell and run. Those buying in below $25 will make a nice profit.
@a9+1jr71sdrw Don’t tell the kids to get into healthcare. As someone married to a healthcare worker of 20+ years, it is not going to be a good career for many going forward. Corporate greed, overwhelming workloads, science deniers, and an increasingly frustrated workforce…it’s not good. Get into the building trades, welding, electric, shipbuilding.
@a9 You're short 2 hours. 996 coming to Intel, 72 hrs/week.
Impossible milestones will push the 72 hrs work week.
Intel didn’t paid their engineers well, with BK culture declined , Pat accelerated intel death with flawed manufacturing strategy when focus should have been on AI or ensuring 18a is healthy before investing huge money in fabs, look at state of Ohio fab now , it’s delayed till 2031 …
With missed AI revolution, and cpu/server/18a requiring recovery and I assume with AMD/Nvidia not stopping anytime soon, it’s a long road to recovery for Intel, only if AMd gets complacent, Intel may be able to recover assuming it doesn’t miss the beat on execution..
Intel is toast. It's culture of favoritism by the nepotism kings made this Co a basket case.
Whoever is left will work 70 hrs/week like TSMC for the same pay. Tell your kids to become nurses, electricians. etc to have a better life. Healthcare is the way to go now.