That’s a lot of layoffs.

So they got all that money from Uncle Sam’s CHIPS Act only to lay off 10,000 employees and make themselves “lean”. Govt funded unemployment.

    • kameecoding@lemmy.worldEnglish
      281·
      11 months ago

      Meh, he bought a significant dip, even if it goes lower in the coming months, in a few years he will be way up. It’s not like Intel will go away, they are in a duopoly market.

      Intel has been down from around 50 YTD to 30 likely in a few years it will be back to 50 and he will close to double his money

      Though he could have probably just put the 700K into S&P 500 and have his retirement taken care of, since he is in his 20s

      • tweiEnglish
        5·
        11 months ago

        Yeah but still… could’ve at least waited a day

    • slaacaa@lemmy.worldEnglish
      92·
      11 months ago

      Holy F, what an idiot nepo baby. Maybe daddy who pays for college works as a VP at intel