Earlier this year, Intel trimmed its workforce by 12,000 jobs. This will, in my opinion, contribute to the latest round of entrepreneurs to fill up new We Work locations.
Mainly older employees with longevity will be asked to leave. The job market for them, being 50+ will not be so inviting.
What will the former Intel employees end up doing? Well, you heard it here, first: The ones not hired back by Intel (perhaps as “temporary” employees, or consultants), or hired by other chip companies, will inevitably entertain entrepreneurial thoughts around their pet technological ideas.