Comment on Intel reveals it’ll shed 33,000 employees this year and retreat in Germany, Poland, and Costa Rica

IsaamoonKHGDT_6143@lemmy.zip ⁨2⁩ ⁨days⁩ ago

• scintilla@beehaw.org ⁨1⁩ ⁨day⁩ ago

  If the government was smart it would bail out Intel so I just assume they won’t.

  source

  • WhirlpoolBrewer@lemmings.world ⁨1⁩ ⁨day⁩ ago

    I’m uninformed on this topic, perhaps you or someone else can teach me a bit more on this. What would the argument be for bailing them out, and what would be the argument for letting them fail? Without any knowledge of the consequences of either, I feel like letting the business fail is what we should do. We let businesses fail all the time, especially small ones. Why should we bail out this business when we let other fail all the time?

    It feels like the core concern is letting that many people all lose their job at the same time would be particularly challenging issue for the people affected. But these numbers are far less than the number that have been laid off recently by other companies. The government didn’t step in to help those people or companies performing massive layoffs, why bailout this company? I don’t know, but would like to hear arguments for both

    source

    • IsaamoonKHGDT_6143@lemmy.zip ⁨1⁩ ⁨day⁩ ago

      Arguments in favor of rescuing Intel:

      • It is a crucial sector; if a company goes bankrupt, it is difficult to recover for several years, because it is usually difficult for a new company if it does not have sufficient resources and/or support.
      • If Intel declares bankruptcy, it would leave AMD with a monopoly on x64 because, without a direct rival to compete with, the price of CPUs is likely to increase and, as a result, the price of PCs would also increase.
      • By rescuing Intel, the company can better plan its strategies and make long-term plans without pressure from shareholders to make a profit.
      • It would preserve many people’s jobs, keeping unemployment low and without affecting people’s finances.
      • Continue to maintain technological sovereignty in the country without the risk of another foreign company buying Intel’s technology.

      source

      • WhirlpoolBrewer@lemmings.world ⁨1⁩ ⁨day⁩ ago

        This is a strong argument. One of my main complaints with modern large companies is the need to operate for short term gains long term losses, so point number 3 sounds amazing to me. Does this mean Intel would no longer be a publicly traded company, but a US Government owned company, something similar to the USPS?

        source

        • -> View More Comments
      • Peck@lemmy.world ⁨1⁩ ⁨day⁩ ago

        The problem with Intel is itself. No amount of laying people off has helped them in the past. Nothing suggests that it will this time either. Pumping money into this thing without major changes will lead to more money hemorrhaging with no significant benefit.

        The place is a classic definition of toxic work environment.

        source