Intel or LBT is targeting US working and laying significant numbers. It’s interesting for a US based company.
11 replies (most recent on top)
@pg take the other guy, take the other guy not me!
Salaries in e.g. California are crazy high, letting go one person there means one can have two to three other persons working for the same money in other geos.
Also, US was crazy on DEI hiring so you have a lot of fat to cut.
LBT gave the government 430 million shares of Intel stock to keep his own job. Trump was about to kick him out until he handed over the stocks.
@be if you were truly leaving you would be typing and submitting resignation letters not posts in layoff.com. I call bluff but let’s see
F yea!
Goodbye
Instead of giving Intel $20 Billions dollars to create more jobs and develop good products, the government took more than 400 millions shares of Intel stock at lowest price and laid off more than 40000 employees. That is a steal and f-c k up corruption by both government and Intel executives right there. Engineers and technicians should all leave by now. No question ask.
But no pain for LBT. He got a boatload of $$$. Pain for engineers only.
@a5 The grants were converted to stock purchases. The US government now holds over 430 million shares rather than just giving Intel grants. The got the shares for less than $21 per share.
“The new CEO of @intel reportedly has deep ties to the Chinese Communists. U.S. companies who receive government grants should be responsible stewards of taxpayer dollars and adhere to strict security regulations. The board of @Intel owes Congress an explanation,”
- Senator Tom Cotton
“The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!”
- President Donald J. Trump