[StringyBob]

Intel had over 130,000 employees as of a couple of months ago.

15% layoffs is nearly 20,000 people.

[electriclove]

The ‘flagged dead’ comment is right on. Intel has been a bloated bureaucracy for a long time now and things need to get tightened up for it to continue.

[ProllyInfamous]

I agree, so I am quoting it, below:

>Fire 80% of them. Twitter had probably more talent per capita than Intel. If they can fire 80% most companies should.

[IamLoading]

I am surprised, the stock didnt improve. Typically, markets like layoffs.

[HDThoreaun]

Intel had a really crappy quarter, layoffs can’t save that. The market likes when companies that had an ok quarter with revenue growth do layoffs.

[NoPicklez]

It could be because in conjunction with the layoffs Intel are battling with a potential class action against their two latest series of desktop CPU's being faulty