Submitted by Additional-Two-7312 t3_y1uwgf in technology
ferrango t1_irzn5tr wrote
Reply to comment by OptimusSublime in Intel Plans Thousands of Job Cuts in Face of PC Slowdown by Additional-Two-7312
They cut employees to cut production, which means keeping a smaller backlog and thus keeping the prices stable because “scarcity”, just like OPEC does with oil.
cliffhanger100 t1_irzqnoq wrote
All Intel.employees are not factory workers ,they have a huge R&D budget mostly high end tech engineers
Infact intel has been doubling down on its manufacturing capabilities and expects to invest billions into its chip plants over the next decade
ferrango t1_irzr77c wrote
Reading the article they mention cuts in the sales departments too.
I know of the supposed new factories but those take years to physically build, so whatever. I doubt they’d keep the factory workers idle until the plants are completed.
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