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.

  • SirEDCaLot@lemmy.todayEnglish
    3·
    5 months ago

    Well it’s cannibalizing the company. You’re absolutely right about Boeing.

    HP was another example. Fire all the engineers and R&D types, rush whatever’s already in the pipeline into production. You get a couple of fantastic quarters because you have new products without the R&D costs. But then you run out of new products in the pipeline and everything goes to shit because you killed your golden goose.

    • sudo42@lemmy.worldEnglish
      2·
      5 months ago

      I will always say, “Fuck Carly Fiorina” for ruining the finest company in the engineering world.