Months after Intel’s lobbyists won microchip companies billions of dollars of government subsidies, Intel is reportedly planning to lay off thousands of workers - right after giving shareholders a $6 billion dividend.

Just a couple of months after Intel’s multi-million 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 — amounting to a total of about $6 billion in annual dividends.
#Economy #Capitalism #Biden #Politics #Intel
https://www.levernews.com/intels-multi-billion-bait-and-switch/