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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.

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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

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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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