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

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• Keeponstalin@lemmy.world ⁨17⁩ ⁨hours⁩ ago

  Still keeping their factory on occupied Palestinian territory

  Fuck Intel, boycott that shit

  Intel has announced that it will invest $25 billion in apartheid Israel as Israel’s #GazaGenocide continues, signaling its commitment to bolstering apartheid. The company’s first development center outside the US was opened in Haifa in 1974. For decades, Intel has invested in apartheid Israel. Its plant at “Qiryat Gat” is built on Palestinian land within the boundaries of the Palestinian village of Iraq al Manshiya, which was ethnically cleansed and razed to the ground and then replaced by the Israeli settlement of Qiryat Gat.

  bdsmovement.net/Act-Now-Against-These-Companies-P…

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• possiblylinux127@lemmy.zip ⁨1⁩ ⁨day⁩ ago

  Intel is incredibly deep in trouble

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• IsaamoonKHGDT_6143@lemmy.zip ⁨1⁩ ⁨day⁩ ago

  I wonder if the government will bail out Intel and if it will do so either by paying off its debts or if it will become government property for a while.

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  • scintilla@beehaw.org ⁨1⁩ ⁨day⁩ ago

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

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    • WhirlpoolBrewer@lemmings.world ⁨20⁩ ⁨hours⁩ 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

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