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Intel to slash 12,000 jobs and take a $1.2 billion charge, stock drops
Business Insider ^ | April 19, 2016 | Matt Rosoff

Posted on 04/19/2016 2:19:45 PM PDT by bobsunshine

click here to read article


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To: raybbr

AMD is in much bigger trouble than Intel.
Intel is in trouble....
AMD is almost dead.


21 posted on 04/19/2016 3:06:39 PM PDT by Zathras
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To: bobsunshine

I wonder if those 12K jobs are gone for good, or when nobody’s looking they’ll repopulate with cheaper workers from India.

At any rate, just in time for these 12,000 and their adult loved ones to take a harder look who they want steering the ship come next January. I bet they opt for a guy who understands business.


22 posted on 04/19/2016 3:08:56 PM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: VanShuyten

Since you are talking about the greenies from Oregon, seriously doubt if news about Intel will even phase them.


23 posted on 04/19/2016 3:24:12 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: conejo99

I have found since I retired that I’m using my big computer less and less. Some days it doesn’t even get turned on. I use my iPad and iPhone for everything. A lot of people I know don’t even have a regular computer or laptop anymore.


24 posted on 04/19/2016 3:26:16 PM PDT by sheana
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To: MichaelCorleone
"I wonder if those 12K jobs are gone for good, or when nobody’s looking they’ll repopulate with cheaper workers from India."

There you go -- you have the plan.
I wouldn't be surprised if Intel is building
those India plants right now. Let's see, we got India,
Mexico, the Phillippines, Maybe some Central American countries. Yeah, Intel will do it. Laid off Intel workers -- expect to royally screwed by Republican/Democrat Uniparty "free trade" scheming.

25 posted on 04/19/2016 3:28:36 PM PDT by StormEye
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To: Snowybear
They closed an entire plant in MA recently.

If you are talking about the Hudson plant, I was there from the time of its opening by DEC until around 1988, well before Intel acquired it. It was probably only a matter of time until Intel closed it. It was getting long in the tooth.

26 posted on 04/19/2016 3:31:45 PM PDT by NewHampshireDuo
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To: bobsunshine

welcome news.
I never liker Intel as a company.
Perhaps the laid-off workers can get jobs mowing lawns.


27 posted on 04/19/2016 3:33:13 PM PDT by RockyTx
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To: Zathras

I’ll bet after laying these people off, Intel will still be demanding H1-B visas... And Ted Cruz will happily give those visas to Intel.


28 posted on 04/19/2016 4:22:59 PM PDT by bobcat62
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To: sheana

“I’m using my big computer less and less.”

No doubt that’s been a big problem for Intel.


29 posted on 04/19/2016 4:37:14 PM PDT by conejo99
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To: bobcat62

Yes, they’re lobbying for H1-B’s, claiming they can’t find workers, while firing thousands at the same time. Which is it Intel, do you need to hire or fire?


30 posted on 04/19/2016 4:38:49 PM PDT by American Guesser
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To: American Guesser

All that matters to Intel is price.


31 posted on 04/19/2016 4:42:05 PM PDT by bobcat62
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To: NewHampshireDuo

I got out of the semi-conductor business around 2006. MES systems started to get commoditized at that point and the company I worked for sold the software business to Applied Materials.


32 posted on 04/19/2016 4:48:50 PM PDT by Snowybear
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To: Snowybear

I jumped out in 1995. I went to an equipment manufacturer that supplied components, analytical instruments and subsystems to a number of sectors. About 60% was semi but enough others to provide some stability and some measure of sanity.


33 posted on 04/19/2016 5:58:52 PM PDT by NewHampshireDuo
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To: eyeamok
So this is a good thing right? I mean at least they will be able to spend more time with their families now.

And write poetry, learn to play a musical instrument, and stuff.

34 posted on 04/19/2016 6:00:30 PM PDT by Lizavetta
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To: Lizavetta

losing that 40-hour work week will really free Americans to “pursue your happiness … follow your passion.”


35 posted on 04/19/2016 7:00:18 PM PDT by bobcat62
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