Semiconductor manufacturer facing mounting losses and market share erosion. Announced cuts of over 15,000 jobs in 2024, representing roughly 15% of its global headcount.
I was given what they called an "extended transition period." Sixty days. Presented as generosity. In practice: sixty days of documenting everything I knew, training the contracto…
Paraphrased from Reddit r/layoffs — documented severance-conditioned handover pattern
Intel cut 15,000 jobs and suspended the dividend on the same earnings call. Three months later, the dividend was reinstated. The jobs weren't.
I don't fully understand every capi…
Paraphrased from Reuters / Bloomberg / Intel Q3 2024 earnings — dividend vs layoff timeline
When you hear "15% of the company" you don't immediately understand what that means at a human level. In our building, it meant the third floor going quiet. The canteen half-empty…