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.

  • @Modern_medicine_isntEnglish
    80•1 month ago

    I wonder how many of the over 1000 VPs will get canned. You read that right. I worked there at the beginning of my career. I know a lot of people who are now VPs. Only one of them was actually any good. One guy couldn’t even manage his own staff meetings when he was a first line manager. Nice guy, not dumb or anything, but not brilliant, and a terrible organizer.

    • @[email protected]English
      33•1 month ago

      Ah yes, the ol’ “promoted to the level of their incompetence”. SOP. Or SNAFU, take your pick.

    • @ChickenLadyLovesLifeEnglish
      10•1 month ago

      over 1000 VPs

      I used to work for Comcast and it was astonishing how many vice presidents there were. It might be the most meaningless corporate title ever. Even if they had real work to do they never had time to do it - VPs there turned over faster than beignets at Cafe du Monde.