39 karma · joined September 21, 2019
They like everyone else hired too fast and the free covid money boom is over.
From a LinkedIn post that I assume this author sourced for their opinion:
Things Intel did this time around, that weren't done last time, nor by Google/MSFT: * Advance notice it was coming to all employees. * The goal was budget reduce, so large business units had some ability to reduce (not eliminate) layoffs with extreme cost-cutting measures. Point is, there was a clear stated goal besides elimination of jobs. * Per public sources, the CEO is taking a 25% pay cut, leadership team 15%, etc, with the goal of reducing that number of people laid off. * Some Intel business groups gave people a chance to 'sign up' for voluntary separation. * Personally told by my manager I was impacted. * 1-2 weeks to wrap up my work. * Then 9 weeks(!!!) paid employee of Intel for the sole purpose of finding a new opportunity inside or outside Intel.
This is all on top of the severance, which is the lone similarity with the other big tech layoffs.
It's not perfect, but it doesn't make Google look all that great. Google dumped tons of engineers and has plenty of engineering roles currently open, they didn't even bother trying to move folks around.
So yeah, kudos Intel
Magma itself came out of Facebook Connectivity and has nothing to do with crytpo AFAIK
Plainly put: suggesting people kill themselves is a shitty thing to do, in any context. Please don't.