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Post# of 151692
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alan81

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alan81

Re: Koog post# 151526

Monday, 05/08/2023 12:13:15 PM

Monday, May 08, 2023 12:13:15 PM

Post# of 151692
INTC announced layoffs around 6 months ago.
Looking at the Q4 earnings statement, they did not drop headcount at all. Q1 indicated they had finally dropped about 6K people. I think they need to drop another 15K or so to get the costs under control. I know a few folks who have taken a package deal. I suspect to hit the goal they will need to layoff some folks who would rather stay.
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