We have only seen the tip of the iceberg
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Many more layoffs to come. $3B savings in 2023. $3B / $250K per headcount means 12,000 layoffs. Then in 2024 $10B of savings so, the layoffs could go into the 20K + range unless the core business keeps losing share and gross margin. In that case, layoffs could go to 30,000 in 2024. There is a wide range of outcomes, but life is uncertain that way.
Expect layoffs every quarter in 2023; Intel is in no way close to making a comeback.
Yes. Peanut layoffs done to prevent further stock slide and make investors happy.
Some still to happen from the Q4 ones that haven't been told in January
Then some group will have second wave in Q1 weeeee
NO!