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.

  • @ApollosArrowEnglish
    111•1 month ago

    What’s crazy to me is that they are laying off more employees than the total number of full time employees I’ve worked at for most companies.

    They are laying off 12% of their work force.

    • @kameecodingEnglish
      14•1 month ago

      That’s what happens when companies are too fucking big, and intel was essentially a monopoly for a while.

      I have interned at AT&T while at University, laying off a 1000 people would be less than 1 % for them.

      • @ApollosArrowEnglish
        2•1 month ago

        After seeing this article I went down a rabbit hole and IBM isn’t even in the top 10 US of most employees. Here’s some of the popular ones from the top 30.

        • Walmart - 2.3 Million
        • Amazon - 1.61 Million
        • DHL - 594,000
        • FedEx - 547,000
        • UPS - 536,000
        • Home Depot - 456,000
        • Target - 415,000
        • Kroger - 414,000
        • Marriott - 411,000
        • Starbucks - 381,000
        • Walgreens - 333,000
        • Pepsi - 318,000
        • Costco - 316,000
        • Chase - 309,000
        • Lowes - 300,000
        • IBM - 282,000
        • CVS - 219,000
        • Bank of America - 212,000

        https://en.m.wikipedia.org/wiki/List_of_largest_United_States–based_employers_globally

        • ...m...English
          1•1 month ago

          …i’m surprised to see DHL rank so highly in that list: what’s their domestic market focus, business-to-business freight logistics?..i seldom see DHL packages and when i do they’re almost exclusively of international origin…

          • @ApollosArrowEnglish
            1•1 month ago

            That was also my thought as well. I only use DHL with some international orders, so I questioned their placement on that list.