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Archive: https://archive.today/pKBBh

From the post:

>A once-dominant tech company is undergoing another mass layoff. Intel is cutting thousands of jobs as it faces mounting pressure from tech competitors in artificial intelligence. The chipmaking giant — which makes processors that power millions of Dell, HP, and Lenovo computers — filed paperwork on July 10 indicating it would lay off nearly 2,400 employees in Oregon. That's a major escalation from just three days earlier, when the company filed WARN paperwork that said only 529 employees were losing their jobs.

Archive: https://archive.today/pKBBh From the post: >>A once-dominant tech company is undergoing another mass layoff. Intel is cutting thousands of jobs as it faces mounting pressure from tech competitors in artificial intelligence. The chipmaking giant — which makes processors that power millions of Dell, HP, and Lenovo computers — filed paperwork on July 10 indicating it would lay off nearly 2,400 employees in Oregon. That's a major escalation from just three days earlier, when the company filed WARN paperwork that said only 529 employees were losing their jobs.

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They were, I think it was part of the CHIP act and they were going to get a couple of billion dollars in tax credits or something like that.