"These are difficult decisions"
Ho ho hoo. Sure they are.
They're just in time to ensure bigger management bonuses.
Merry XMas !
For 311 workers in Santa Clara and Folsom, California, it wasn't the Grinch who stole Christmas: it was Intel. The x86 giant announced the layoffs in a series of worker adjustment and retraining notification (WARN) filings made to the US state's Employment Development Department. The largest of these layoffs comes from Intel' …
I read the paragraph: "Intel is working to accelerate its strategy while reducing costs through multiple initiatives, including some business and function-specific workforce reductions in areas across the company," and it doesn't say what the "strategy" that they are accelerating actually is. I guess the Xmas bonuses for the Directors will be little bigger.....
Normally if you really have to fire people at this time of year it is best practice to sack people before Christmas rather than right after it, as people spend a lot of money over Christmas, so that they do not find themselves out of a job and with a low bank balance. But this late in December people will have already done most of their Christmas spending anyway.