Not surprised. Intel is always a follower.
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It's ok guys, we compared our layoffs to the ones being done by our peers and Intel is proud to report that we have industry-leading layoffs.
Could be that bad. There is not money for governments to pump into the economies. There is only so much the Chinese can do to stimulate the economy where every major US company has put all their eggs. Although India does not indicate as much of a slow down. It's only a matter of time.
Or worse. A depression is on the way.
Agree it's possibly the next Detroit. Looks like we are heading into the next great recession.
Glad I didn't buy a million dollar hovel of a shack in the bay area. Big fail coming. The next Detroit.