Mass layoff Comming in Intel : 15% Headcount to be reduced 😲

Intel is the new nokia, they didn't upgrade. They were bound to die. Eveyeone is miles ahead in AI now, intel can't catchup, they have to come up with a new business plan

Was there for few hours , some hunders of resources surrendered their laptops. Few of them claimed, 18th jul was last date for few more.

Everyone running for more profits. Human value going way down

The C suite needed some new boats and mansions hence the layoffs because they already are in the AI domain with chipset updates.

Huge Revenue loss.Competitors raising aggressively on GPUS, where as INTEL is still relying on CPUS.

They already laid off 2 weeks ago in bangalore office. Not sure this could be another round.

Business ke dukkho se yun darte nahi hai.

Aise bachke sach se guzarte nahi hai.

Salary ki hai chah to firing bhi sehna hai.

Ek hazaaron mein tech ka layoff hai

Saari umar humein job karna hai.

Nadella ka bu-tan ka sabka kehna hai...

What is the reason? Cannot be just AI.

These US BigTech companies hired far beyond their actual needs during the 2021–22 hiring frenzy. Now, they’re realizing they’re significantly overstaffed going full in firing mode. Every in market is freaking out now.

For those who are wondering reason Intel is sinking ship its been long coming because they are wastly outdated and inefficient. Losses everywhere, layoff going to be happening continuously in Intel unless Us government support or some other company buys them. Intel will shrink to small company eventually!