Opposed📉LayoffsAugust 1, 2024

Intel

Announced 15,000+ layoffs (15% of workforce) August 2024. Stock crashed 30%. CEO Gelsinger cut own pay. Largest layoffs in company history.

Source: Company Website✓ VerifiedRead the source

Share this receipt

Posts with the receipt card attached.

Post this receipt

Download card

Intel — Layoffs: OPPOSED

Announced 15,000+ layoffs (15% of workforce) August 2024. Stock crashed 30%. CEO Gelsinger cut own pay. Largest layoffs in company history.

https://reciepts.tech/stance/220

More on Intel

See all →

Opposed🌈DEIAug 2024

Scaled back DEI programs in 2024. Paused diversity hiring targets. Cut DEI staff as part of broader layoffs. CEO Gelsinger focused on "engineering excellence."

News✓ VerifiedShare ↗

Opposed👷Worker TreatmentAug 2024

Intel 15,000+ layoffs largest in history. Pat Gelsinger cut own pay but still massive cuts.

Company Website✓ VerifiedShare ↗

Mixed🏛️Government ContractsMar 2024

Received $7.86B CHIPS Act grant, largest award. $3B additional for Secure Enclave program. Critical to US semiconductor independence strategy.

News✓ VerifiedShare ↗