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and I am not down-voting you, I am re-structuring your karma. Yes, this may be good for the future of Intel or the employees losing their jobs... but right now

• mc32 10y ago
  I agree that it's likely the majority of those people are in unenviable positions. I've been thru cuts, it sucks, but at the same time, as you say it may be untenable for Intel to keep carrying them --also, it's possible Intel should have been more cautious in hiring (and maybe some of those people would have opted for personally more stable jobs, or maybe they would have taken worse jobs --it's hard to say.
• krschultz 10y ago
  It doesn't say that they are firing 12,000 people. Certainly some people will be laid off, but a reduction in head count of 12,000 is distinct from layoff count. Assuming people stay in a job 4 years, you can get a 25% reduction in headcount per year by just not hiring. Intel has over 100,000 employees. They are likely hiring 10k-25k people per year just to stay at a constant size.