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Intel allegedly plans imminent lay off of thousands of employees to fuel turnaround
(www.tomshardware.com)
this post was submitted on 01 Aug 2024
247 points (97.7% liked)
Technology
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The line can only go up. If the line goes down then the people who generate no value for the company will have less money, which is super bad of course. So if they can't sell more, more expensive products, all the time, then they have to reduce how much they spend, and of course they won't get rid of the most expensive people.
So much this to the point that the title pisses me off for supporting the idea that share price is the appropriate metric for a 'turnaround '.
But the processor quality issue has already been turned around by telling customers there will be no refunds. Surely the execs deserve big bonuses for thinking of such a simple and brilliant move.