The redundancies follow declining revenues and shrinking profits.

“Redundancies” is apparently now a noun that refers to employees being laid off.

Intel announced it was eliminating 16,000 people – to curb capital expenses.

Headcount is now a physical asset I guess. Corps must be taking depreciation expenses on employees now in addition to salary expenses. Ka-ching!

After my first browse of the article I was wondering if it had been spewed out by some of the crappy AI that Cisco is so keen on.