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The headline is incorrect as is the entire premise of the body. The 20% isn’t even accurate nor did they do any material layoffs in Q4 nor Q1. The "people cost
by berkle4455 3y ago
The headline is incorrect as is the entire premise of the body. The 20% isn’t even accurate nor did they do any material layoffs in Q4 nor Q1.
The "people costs" have yet to actually hit from their first announcement in October 2022.
- runarberg 3y agoPaying off shareholders in one Quarter before you plan a mass layoff in the next quarter, and hinting these are unrelated, seems to me to be a more disingenuous move than to call out this fact.
- BeetleB 3y ago> Paying off shareholders in one Quarter before you plan a mass layoff in the next quarter, and hinting these are unrelated, seems to me to be a more disingenuous move than to call out this fact. They are unrelated. Intel pays dividends every quarter, layoffs or otherwise. The correlation coefficient between the two events is close to 0. The fact that they massively reduced dividend payments during layoffs is likely correlated, though.