I got out of all NASDAQ positions this morning.
WOW.
This is bigger than I expected.
Tick tick tick...
[Intel plans to cut 12,000 jobs, or 11% of its workforce.]
Summer of Recovery 487485257 is coming soon!!
Liberals will rejoice.
Not good.
Whoa! No kidding.
I’ve had no desire to purchase a new PC since windows 8 came out. Windows 10 is no where near as bad as windows 8, and I’m sure some people will respond telling me how good windows 10 is. Regardless I don’t plan on spending my money to replace my PC’s with something I like less.
Geez. That’s really serious.
Green shoots...
I bet all those people in Oregon are happy they canceled tha natural gas pipeline and LNG export port.
They closed an entire plant in MA recently.
Last I heard, unemployment was good for stimulating the economy, see Nancy Pelosi, So this is a good thing right? I mean at least they will be able to spend more time with their families now. ANd that is supposed to be real good also, see Barack Obama.
Well, I’m sure those laid off Intel workers can’t wait to start at their new $15/hr min wage jobs. Intel sucked to work for anyway. Dems really take care of people!
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.
welcome news.
I never liker Intel as a company.
Perhaps the laid-off workers can get jobs mowing lawns.