Seems like california is about to get shaved again https://www.bizjournals.com/sanjose/news/2023/02/23/intel-to-slash-dozens-more-silicon-valley-jobs.html

Reduce headcount to be around ~80k Give the BEST compensation package to attract top talent and keep existing ones. When employees are happy, they put 120% effort Have more co investment partners for Ohio and Germany. Restore positive... — read more 

intel need to reduce headcount to be around ~85k to be competitive with compensation.

what is the size of company after CPM/layoffs?

No, we ain't gonna take it We're not gonna take it anymore

Dave never seizes to entertain us. Last time it was his sweater and today his neck dance. Which organization can provide you more entertainment than Intel.

Pat and Christy chose to keep it for themselves. Never believe the lie that there isn't enough to go around.

I once witnessed a high-level Intel manager refer to Intel engineers as "whiney lab rats" when he thought he was in the company of only upper management. He later became the CEO. That is the secret leadership culture at Intel. The absurdity of... — read more 

Glad to see Uncle PatG reducing technical debt at Intel like at VMware. Right in the toilet. Nice. Good luck to everyone!

Why would anyone with actual talent work at Intel? Intel has been an amazing employer for decades before we got to the point where we are now. But even at this moment, Intel pays well and provides decent benefits. I understand the pay cut and... — read more 

Intel is a walking dead zombie company. The United States’ road back to competitiveness in semi-manufacturing is to do what others long ago perfected: copy, cheat, and steal like a motherfuhker. Incentivize TSMC to bring leading edge nodes here... — read more 

https://twitter.com/SquawkStreet/status/1628435633348784131?t=J28jb43r2DHInDrm2ZsO_g&s=19

Companies can no longer silence laid-off employees in exchange for severance But the National Labor Relations Board this week put employers on notice that they can no longer silence laid-off employees in two very specific ways that the board says... — read more 

$NVDA's Q4 results are in: 💵 Revenue: $6.05B vs $6.02B expected 💲 Adjusted EPS: $0.88 vs $0.81 expected 🕹 Gaming revenue: $1.83B vs $1.6B expected Thanks Jensen and Lisa for continuing to embarrass Pat and INTC. I think the CHIPS ACT money should... — read more 

I have heard many rumors of IPG being spun-off to Synopsys or Cadence. This explains the management change to KT because IBC was not playing ball. Anyone know more?

Long time employee here. Pat coming back received nearly universal optimism. I was so smitten I purchased 1000 shares at retail in the 50's and lost half of the investment. I guess that is like working a month for free. The most important thing to... — read more 

How much better in real performance does the leading edge TSMC nodes have over Intel's? I have been out of it for some time. Just asking. Hope someone would explain.

So ... First they take our bonus, then our salary, then our 401k ... And god forbid if you are still a loyal employee and holding shares which are cut in 1/3rd, you used to get some dividend. They took even that away. So employee totally... — read more 

If you look at Q4 margins….can they really get better? Profits are being sacrificed for revenue. It is a sign that there is too much inventory, but also a sign the products are uncompetitive. 2023-2025 will be the “great leaning”. But still... — read more 

Both the CEO and CFO faced the public and many questions about the dividend just a short time ago, why wouldn’t they come clean on then the dividend? Can any executive be thrusted? Do they really think TAM is 300M because of one executives... — read more 

https://www.digitimes.com/news/a20230220PD216/intel-tsmc.html

If you can't manage manufacturing efficiently, spin it off or create a joint venture with TSMC (if so, TSMC will not need to build more fabs outside Taiwan and Intel still get a share from manufacturing). It will be good for both shareholders and... — read more 

https://www.youtube.com/watch?v=XRjm-sPrdns No screening of employees' backgrounds Implement layoffs too slowly and create unnecessary stress on employees Fix your culture. How could Pat say the culture is turned better when people clearly... — read more 

Internally, the company has issued only a very brief general statement on the matter and apparently has wiped away any electronic trace of existence of the perpetrator, Derrick Simmons. Given that Simmons had a past felony for as--ult with a... — read more 

The big question is, was this just a simple oversight by HR in missing Derrick Simmons past criminal behavior (felony for as--ult with a deadly we-pon) during the hiring process? Or did they just turn a blind eye to it and if they did was the same... — read more 

More layoffs needed to defend the dividend.

As a result of the pay cuts affecting everyone, many of Intel's most valuable resources will leave Intel once they have the opportunity to find another job. So, Intel's brain power will continue to decline, just when it is needed most. Someone like... — read more 

I was trying to think of a few things that have improved here in recent years. When I look back, I don't see that there were any changes for the better. Instead of getting the company back on track, Intel is just piling up issues. Is it a lack of... — read more 

Person doesn't know the difference between a resistance and capacitance works as an engineering manager. Makes my eyes bleed. No wonder why INTC is going to the cleaners.

Firstly, don't pay attention to the US id--ts who think the rest of the world has to be set up just like here, e.g. re: the EU pay cut consent requirement. But a question: in return to Intel not being able to unilaterally cut anyone's pay over there... — read more 

Higher ups are the ones who should finally take full accountability for their mistakes that brought the company to this current state. It is the employees who suffer because of the terrible leadership moves. I doubt that their bad practices will... — read more 

I have handed my notice days before my team were put in CPM. The reason because I managed to find a new role and it was obvious for us to be put in CPM. I just heard about the servrance and I didn't expect it to good. having a slight regret about it. — read more 

This is yet another in a line of 'bad news' stories about Intel in the last couple of months. This story is a terrible tragedy, but once the grieving is over, hard questions will be asked on how this was allowed to happen inside Intel's... — read more 

According to court documents, the perp used a baseball bat, a hatchet, and a kn--e. He was packing lot of heat tbh. Not sure if they laid off the site security to save costs.

This morning there was a shooting at Intel OC 6. One person is dead one person is in custody and one person is injured. They were all Intel employees. Maybe now the media will realize that they dropped everybody's pay instead of just the executives. — read more 

Honestly, since the news, the morale has been very low. On one side I feel that there is still bloat and we get more efficient, on the other hand feel sad just disappointed on what has happened to a storied franchise. What did all the leaders in... — read more 

Somebody else post this, but it deserves its own thread. How embarrassing!!! https://youtu.be/a26GkQhA3HA?t=146