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

Eezyville@sh.itjust.works to Technology@lemmy.world – 1123 points –
Intel is laying off over 15,000 employees and will stop ‘non-essential work’
theverge.com

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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While i dont like intel, I hope they wont sack GPU division.

They won't. That's their springboard into that multi trillion dollar AI market everyone keeps talking about

unless some MBA decides that it's better to sell single purpose expensive ai boards without video output