Intel to announce 20% workforce reduction

It’s unfortunate the state Intel got to. We got here in just a few years. Can Intel regroup from here and regain control of the markets it was driving?

Re: Intel to announce 20% workforce reduction

#7

Post by derelicta » Wed, Apr 23, 2025, 9:07 AM UTC

Despite the massive subsidies they've received?? Where did all the money go??

Re: Intel to announce 20% workforce reduction

#8

Post by Timber-6539 » Wed, Apr 23, 2025, 9:22 AM UTC

derelicta wrote: post #7

Despite the massive subsidies they've received?? Where did all the money go??

Stock buybacks.

Re: Intel to announce 20% workforce reduction

#9

Post by BeetleB » Wed, Apr 23, 2025, 2:57 PM UTC

Timber-6539 wrote: post #8

derelicta wrote: post #7

Despite the massive subsidies they've received?? Where did all the money go??

Stock buybacks.

They stopped buybacks years ago (and now even stopped dividends).

Re: Intel to announce 20% workforce reduction

#10

Post by insane_dreamer » Wed, Apr 23, 2025, 4:52 PM UTC

derelicta wrote: post #7

Despite the massive subsidies they've received?? Where did all the money go??

They actually didn't receive most of that money. A portion was given out, and then Trump paused/stopped the CHIPS Act.

This is likely as a result of _not_ receiving the subsidies they needed - and what they did receive was to finance the building of fabs.