Now Intel Capital is laying off people. A quarter of investment team has been shown the door. From the article it seems that this will not be the end of it - mainly because the firm is now going to focus on fewer deals with, as they say, larger checks.
https://www.wsj.com/articles/intels-venture-arm-lays-off-one-quarter-of-investment-team-1540438870
Well, and BK spent all the cash when he bought Mobileye
Cleaning up the deadwood. People abusing and milking the system while continuing to be completely unproductive. Hopefully, these types of layoffs will occur through next year.
Expect INTEL SILENT LAYOFFS to CONTINUE - if - no LAYOFF ANNOUNCEMENT is made.
As seen through out 2017 and 2018.
Well said.
You would know.