Intel will lay off 15% to 20% of its factory workers, memo says

Seems to match the rumour 2 months ago: Intel reportedly set to announce layoffs – 20% of workforce could be cut https://www.techradar.com/pro/intel-reportedly-set-to-announ...

Hopefully we don't see a repeat of 7 months ago: Intel reinstates free coffee for employees after mass layoffs (76 points, 72 comments) https://news.ycombinator.com/item?id=42116206

I guess the purge is gonna continue well into 2025. Who's taking bets on when the market bounces back? 2027?mayhe even as late as 2029?

Wonder how the industry is going to shape out at that point. That'll probably be around the point where the effects of not training juniors starts to really show.

Intel’s CFO gave a talk at JP Morgan about a month ago. Made me feel better about Intel’s prospects.

https://youtu.be/DoSb5QRdY9U?si=HPaB05nH9cJdvh6O

Sounds like 18a will determine where the stock goes next.