Gregory's Server
Intel is cutting costs to keep their quarterly dividend at the expense of their employees. These cuts are broad-based, with employees having their compensation affected. Just another example of capitalism working as intended.
https://www.semianalysis.com/p/intel-cuts-pay-for-employees-to-keep
"This action shows Pat Gelsinger is very similar to the prior Intel CEO who was a career Chief Financial Officer at multiple publicly traded companies."
It's always been surprising to me that so many people believe that Pat Gelsinger isn't "that type of executive." Dude has some kind of reality distortion field but about him personally.