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Intel is laying off over 15,000 employees and will stop ‘non-essential work’
(www.theverge.com)
This is a most excellent place for technology news and articles.
So what I'm getting here is that the CEO and or the board decided to invest in something that is losing a ton of money and so now 15% or more of the people who have been working diligently to actually make the company money are going to pay for it by losing their job.