Intel is laying off over 15,000 employees and will stop ‘non-essential work’
Intel is laying off over 15,000 employees and will stop ‘non-essential work’
That’s a lot of layoffs.
So they got all that money from Uncle Sam's CHIPS Act only to lay off 10,000 employees and make themselves "lean". Govt funded unemployment.
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What’s crazy to me is that they are laying off more employees than the total number of full time employees I’ve worked at for most companies.
They are laying off 12% of their work force.
That's what happens when companies are too fucking big, and intel was essentially a monopoly for a while.
I have interned at AT&T while at University, laying off a 1000 people would be less than 1 % for them.
After seeing this article I went down a rabbit hole and IBM isn’t even in the top 10 US of most employees. Here’s some of the popular ones from the top 30.
- Walmart - 2.3 Million
- Amazon - 1.61 Million
- DHL - 594,000
- FedEx - 547,000
- UPS - 536,000
- Home Depot - 456,000
- Target - 415,000
- Kroger - 414,000
- Marriott - 411,000
- Starbucks - 381,000
- Walgreens - 333,000
- Pepsi - 318,000
- Costco - 316,000
- Chase - 309,000
- Lowes - 300,000
- IBM - 282,000
- CVS - 219,000
- Bank of America - 212,000
https://en.m.wikipedia.org/wiki/List_of_largest_United_States–based_employers_globally
...i'm surprised to see DHL rank so highly in that list: what's their domestic market focus, business-to-business freight logistics?..i seldom see DHL packages and when i do they're almost exclusively of international origin...
That was also my thought as well. I only use DHL with some international orders, so I questioned their placement on that list.
... the 12 percent that actually does something too...