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.

  • sudo42@lemmy.worldEnglish
    8·
    4 months ago

    Yup. A better simile is Boeing. Quality don’t matter if cutting it makes number go up. Oops.

    • SirEDCaLot@lemmy.todayEnglish
      3·
      4 months ago

      Well it’s cannibalizing the company. You’re absolutely right about Boeing.

      HP was another example. Fire all the engineers and R&D types, rush whatever’s already in the pipeline into production. You get a couple of fantastic quarters because you have new products without the R&D costs. But then you run out of new products in the pipeline and everything goes to shit because you killed your golden goose.

      • sudo42@lemmy.worldEnglish
        2·
        4 months ago

        I will always say, “Fuck Carly Fiorina” for ruining the finest company in the engineering world.