I am rooting for this to be the case, and frankly it should be, but typically the massive startup boom comes from companies IPOing (PayPal mafia, Google mafia, etc.). So much talent has been locked up at Intel, I'm hoping this is a liberation of sorts.
In Oregon, the layoffs were 3x-4x more than in AZ. What's kicked both regions in the teeth is that the layoffs were 4x-5x more than what Intel had stated.
OregonLive has been reporting for weeks that 500+ Oregon Intel jobs were going to be cut -- they cut 2500 jobs. This is also round 3 (?) of Intel's layoffs in the last 12 months. It's massive and devastating.
How are Neon employees doing? Heard Neon laid off a few teams this week. That's fun. Anyone hear if their shares are worth anything in the acquisition?
Can any employees confirm if they're getting shut out of the sale? Is this another startup where the employees' shares are lit on fire?
"Another source told TechCrunch that equity holders “got zero’d” so “founders, employees and VCs” will get “nothing” from the sale. The identity of the source, who asked to remain anonymous, has been verified by TechCrunch."
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