Intel is laying off over 15,000 employees and will stop ‘non-essential work’

That’s a lot of layoffs.

So they got all that money from Uncle Sam's CHIPS Act only to lay off 10,000 employees and make themselves "lean". Govt funded unemployment.

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So they're only keeping marketing?
- I just sat through a "town hall" at a former GSK now Haleon site and a site director assured people that volume was coming back through nothing but the power of marketing alone. Apparently 8 dollar tubes of toothpaste are non sellers in a tight market. Who knew.

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