“These losses came as the firm ensured that its investors were happy and paid $1.5 billion in dividends out of pocket during Q1, keeping the payments nearly similar to the year ago quarter’s figures.”
Intel’s revenue fell 36% in one of the worst quarters in its history. It still paid shareholders $1.5 billion, nearly the same as a year earlier. Then came “function-specific workforce reductions” and budget cuts in the data center and client groups. AMD is now worth more. The investors got their check. The engineers got the cut.