Intel Is Laying Off Workers After Billions of Dollars in Federal Subsidies

Just a couple of months after Intel’s multimillion dollar lobbying effort succeeded in winning microchip companies billions of dollars in no-strings-attached corporate subsidies, Intel is reportedly planning to lay off thousands of workers. The potential layoffs come only weeks after the company announced a shareholder dividend at the same rate as the previous few quarters […]

This post was originally published on Jacobin.