Intel is reportedly planning to cut thousands of jobs amid a slowdown in the PC market, according to a new Bloomberg report. CNBC’s ‘Squawk on the Street’ team discuss. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb.cx/3Ei22n4
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This is what the fed wants.
Love how Cramer calls out David using the term “Adjusting” just call 📞 it how it is there firing people trying do the Biden Mind Trick everywhere
Corporate Welfare 😅🤣😂😅🤣😂😅🤣😂
I told you before INTEL needed a Govt bailout 😔
I really regret investing in this utter turd of a company
Cramer is a mountain of misinformation
we're heading in a deep recession and investors are expecting people to buy new laptops and PCs? for what? to run games on ultra high settings? no, thank you, i can play games on moderate settings and save the grand for more more essential stuff
If Intel is cutting jobs theUS needs to freeze the money
cramer can be such an ass sometimes, huh?
Jim was off tha perk.
Cutting jobs and expending fab capacity? wtf?
It's the Biden touch
This clown said buy NVDA when it's at all-time hight, now it's a short to hell. Then he said buy AMD when it was at $160 and all in on INTC. Inverse Cramer Index never fails to impress.
You don’t even know if those rumors are true even less how severe and in which fronts the layoffs are going to be harder.
Intel's CEO Pat Gelsinger was paid about USD 179 million last year.
🤠🤠🤠🤠🤠🤠🤠😎😎😎😎😎
There's a war going on and they can't get a cut of all those single-use chips flying around killing people.
I wonder if the ban on sending chips to China has anything to do with this.
TRADING HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIME AND FAILED, I TRADED ON MY OWN BUT EACH TIME I KEEP LOSING MONEY. I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH.
even as jobidon was touting 20k of new workers they were going to hire with this massive subsidy, they are still firing. fraud has to collapse, can't prop it up at all.
Right after they got 10s of billions from Uncle Sam!
The only way this short term slowdown and the subsidy makes sense is if the government know that this Administration is going to antagonize the rest of the world so much that the US will have to supply the entirety of its own semi's in the midterm future…
I haven't watched Cramer in a bit… Is he normally this drunk-sounding? Or is he embodying the recession? Both?
Intel needs to give back billions from the corporate welfare CHIPS ACT.
Intel has been a dead company walking for over a decade. They chose to milk a monopoly instead of innovating. There will be no tears shed for Intel, they have no one to blame but themselves.
Get the corporate welfare and then fire a bunch of people. Big brain 🤣🤣🤣🤣
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today
MY FINANCIAL GOAL IS TO BE MAKING AT LEAST UP TO $1,000,000 EVERY YEAR BY INVESTING HEAVILY BOTH IN CRYPTO AND STOCK. I NEED GUIDIANCE. please comment below…,,
Intel was the worst company to trust with billions in tax payer dollars & incentives. They are highly dysfunctional on the inside.
Jam Creamer loves to sniff his smelly stank finger.
I think this was planned way back. They were hiring like mad earlier this year. Now fire older experienced people so those new cheaper people can pick up the slack.
Jim doesn’t know a damn thing about semis
Peak cycle has been reached with this idea and it has to die or being replaced by a new one. And a new corp
IMO the PC issue is the configuration. Using the same absolute crap cases that they were using since the beginning. Making them even worse. Opening a PC case is a nightmare and changing components very risky for breaking stuff in there. Trouble is the chip makers relied on 3rd parties to assemble the final product and those 3rd parties competed on price so the cases were crap. Apple's cases were better, but still not great. IMO by today PC cases should be working like CD/DVD drives. Push a button and a component ejects and can be replaced. Components should be made to go into universal cases that provide info to the PC so the PC can tell the user "Hey dude the memory you added is XYZ type and ABC is required." Today when 1 component needs to be updated or replaced most people toss the entire box because the case is worthless on day 1 and the other components are so hard to remove and few people understand what's compatible with what.
So now we have the minis and ChromeBooks which basically are components all to themselves. More throw away boxes.
It just isn't any fun. Intel could have made owning a PC fun.
So $2 Billion of the American peoples tax dollars going to Chip makers to create jobs….
Intel will be boss in coming years. Buy at these low prices. Evs and robots need many chips don't wait until peak
long intel
Welcome to economic isolation.
Nice. If idiot Biden got his way, the economy is doomed
How does Kramer still have job?
The more sanctions you do to Russia, the more the people of Europe suffers. I think you are our real enemies.
We the people of Europe will not stand the tyranny of USA, run by a demented old man. We should sanction USA. How about that? Why don't you suffer for once. My family went trough 3 wars here in Europe. I think it's time you Americans also get a piece of the smoke pie. I would also give you some mushroom clouds.