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.

  • @jacksilverEnglish
    2•1 month ago

    Is this really a backfire? My read is that they’re actually focusing on their core business (plus cutting down marketing). It sounds like the right move, but maybe I’m too optimistic?