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Intel (INTC) Axes Jobs in US & India—Yet Defiantly Green on Wall Street
Intel (INTC) Axes Jobs in US & India—Yet Defiantly Green on Wall Street
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Another round of layoffs hits Big Tech—this time Intel slashes headcount across US and Indian operations. But here's the kicker: shareholders couldn't care less as the stock ticks upward.
Wall Street's cold calculus: Fewer salaries = fatter margins. The market rewards efficiency, even when it's written in pink slips. Meanwhile, crypto keeps eating traditional finance's lunch—decentralized networks don't do layoffs, just code upgrades.
Funny how 'corporate restructuring' never means fewer C-suite bonuses. But hey, at least those algorithm traders will keep the stock propped up... until the next earnings call.
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