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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Several tech companies have really stopped giving a shit lately. Intuit laid off a ton of people and referred to them as "not meeting expectations", and Intel's laid-off folks are now all apparently working on non-essential stuff.
Imagine losing your job and being told second-hand after you'd been shown the door that you were shit.
Fuck these companies.
I do a moderate amount of work with Intel, and I'd say the problem is not that the people are "shit", it's that their bureaucracy is so messed up. You have the people that actually engaged with their customers (support and sales), who marketing largely ignores, and marketing makes up stuff that isn't in sync with the field guys, but that's hardly a problem because the development executives then go off on their own "cool" ideas, without any buy in or anything from support, sales, or marketing. This has real impact, but then you have some middle managers spooling up side projects with like a dozen dedicated people each, adding another indirection of effort totally disconnected from any business capability.
So end result is you have an admittedly qualified team toiling away on a project that there's just no way a potential customer will even hear about, working on problems that someone "imagined" that a customer never had, or is trivially solved in the industry already, but they don't have the experience to know that. Even when the work is good and people might want it, it's still doomed to obscurity because there's such a disconnect between the engineers and any actual communication with potential customers.
Yes, I agree, and I think it's a reflection of society's values over the past 50 years.
We are living in a world with more of a "make money and fuck all else" mindset. Children of wealthy elites are living very privileged childhoods, and as a result, have less empathy and more contempt for real people. We are now seeing the effects of living in a society where the needle of social values is pointed 100% on the side of capitalism and 0% on the side of moral values. And how that has affected our perspectives of a society at large: a general lack of caring, a lack of empathy, a lack of conscientiousness from the top, tossing normal, real people aside like rubbish in a bin.
We're seeing what happens when you let a generation of incredibly entitled children grow up to take the reins of society. We all know how it ends....
(And for what it's worth, I think a long, extended Great Depression-style event is much more likely than a violent conflict, especially given how docile citizens of the west have proven themselves to be over the past several decades.)
Stagnation, baby.