Intel to shed at least 15 percent of staff, discontinue dividend to save costs

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Intel to shed at least 15 percent of staff, discontinue dividend to save costs (www.theregister.com)

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[–] • 3 pts

Hey, but at least they have a comprehensive DEI policy and strategy.

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[–] • 1 pt

Their stock dropped more than 5% today and it’s currently down almost 19% after hours. I don’t think investors see it as a sinking ship—yet—but they definitely see it at a much lower value.

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[–] • 0 pt

I can understand that - Intel hasn't given anyone reason to think they have a lot of value these days.

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[–] • 1 pt

(edited )

They must be expecting another major bug to be discovered and revealed.

investments to drive long-term value for shareholders.

Didn't you mean stakeholders?

Looks like Intel is doing the same thing Boeing did: get rid of talented white engineers and moving to a maintenance mode where niggers and trannies can do the work. They won't be engineering any more new designs, just rebadging old designs.

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