Intel is supposedly planning a substantial layoff

[blueone]

No surprise.

Intel plans to cut thousands of jobs hit by PC slowdown - Bloomberg News

Chipmaker Intel Corp is planning a major reduction in headcount, likely numbering in the thousands, in the face of a slowdown in the personal computer market, Bloomberg News reported on Tuesday, citing people with knowledge of the situation.

www.reuters.com

 

[Barnsley]

US taxpayers going to fund the payouts?

Very nice of them is it not?

 

[tonyget]

Well，the US labour market is pretty strong at the moment，so I guess that's not a problem

 

[blueone]

US taxpayers going to fund the payouts?

Very nice of them is it not?

No. If you're referring to the CHIPS and Science Act, it doesn't work that way.

https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/09/fact-sheet-chips-and-science-act-will-lower-costs-create-jobs-strengthen-supply-chains-and-counter-china/