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.

  • @[email protected]English
    14•3 months 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.

    • @[email protected]English
      2•3 months 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•3 months 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…

        • @[email protected]English
          1•3 months ago

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