Thread regarding Intel Corp. layoffs

Intel in a 3 year spending reduction

We are about to start the 2nd of 3 years announced of spending reduction.

Do we expect further layoffs?

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| 2631 views | | 7 replies (last October 15, 2023) | Reply
Post ID: @OP+1p40RTZa

7 replies (most recent on top)

Anyone know whether Boise is shutting down? Last I checked there’s hardly anybody there, and the state of Idaho has most of the campus already.

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Post ID: @2wfm+1p40RTZa

Revenue is way down, HC is slightly down, RD and CAPEX is spending big, something really not smelling right

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Post ID: @gea+1p40RTZa

The biggest question is, will the packages remain the same? I can only speculate NO.

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Post ID: @wwq+1p40RTZa

Some layoffs and heard closing down of sites like SD

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Post ID: @gex+1p40RTZa

2024 team budgets will be reduced by 5-10 % . You will hear from your management soon

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Post ID: @gdn+1p40RTZa

@xgc My words exactly!

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Post ID: @cdw+1p40RTZa

“Duh”

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Post ID: @xgc+1p40RTZa

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