Intel could learn from this. A quote from a former Nintendo president that is being followed by the current management: “If we reduce the number of employees for better short-term financial results, employee morale will decrease. I sincerely doubt... — read more 

Intel (INTC.O) has provided the German economy ministry with a new calculation for a planned chip factory in the city of Magdeburg that considers almost 10 billion euros ($10.74 billion) of government funding to be necessary, business daily... — read more 

With QPB and other bonuses removed, people under grade 7 are up against significant income losses in 2023. Including an inflation rate of at least 8%, most people are looking at 20-30% in overall compensation loss. With no discussion of unionizing... — read more 

Local HR information meetings about the cuts are full of guilt and void of useful information

“We are in the early innings of a historical/generational shift in compute power in Silicon Valley,” Rosenblatt Securities analyst Hans Mosesmann wrote in response to that divergence of results. AMD’s datacenter business posted a sales increase of... — read more 

I've talked to quite a few people since we found out about pay cuts and not one told me this is a deal breaker for them. Nobody is happy about it, of course, nobody who is normal would be. But nobody who wasn't already looking to leave is now... — read more 

Has he done anything useful in that time?

this is just a survey

Can somebody in PR get Biden the updates on layoffs and pay cuts... He just said Intel is adding 10,000 workers earning an average of $130,000 in Ohio. Looks like he is pulling from the spin from last years speech...

Should I join as RCG?

The recording has been removed from video portal. Did Pat say anything illegal?

Anyone else find it disturbing how Keyvan keeps drilling we had execution issues but can't pinpoint what they were? Guess he can't say Sandra out loud in front of employees

I think I was the first person to sign up for the second round of voluntary separations. Totally clueless layers of program managers upon program managers. Large blocks of employees that switch jobs every 9 months to escape accountability. IP... — read more 

Someone needed to write this, and Rex did!!!!!! https://rexstjohn.substack.com/p/you-dont-know-what-you-are-talking

Whatever your views about intel execution, can't question their generosity and they have proven track record on that. First they generously donated talent to rest of the industry via ACT/vsp, then they generously donated their market share everywhere... — read more 

We just need a flashy new management book full of catchy ideas made by MIT graduates. Then we can spend millions of dollars to become the "enabler" for this new pipe dream. Sound stupid? It is! (IoT) But that's how Intel's leaders think!

https://www.fool.com/investing/2023/02/07/where-will-intel-be-in-3-years/

In every company I worked for, whenever the management screwed things up it was ALWAYS the engineers that were affected most. Sometimes the management got fired (e.g. MR in 2019), sometimes they moved to another role, sometimes they were left... — read more 

In 10 years… Server share ceded to AMD which uses TSMC technology and scale to maintain and extend a consistent lead. High volume leading edge mobile X86 PC market decimated by more battery/power efficient ARM processors designed for the Windows... — read more 

The in-fighting is a sign of over hiring. When someone is doing a good job, things moving along nicely, the managers would inevitably report it upwards as a success and demand three more head counts to fight over the same job. How would a company... — read more 

Throws in a couple of good digs at Intel's 10-K advertising it as the "industry leader" in semiconductors. "It's kind of funny how these [has-been] companies are really focused on ESG (environment, social, governance) because they still have that... — read more 

pay cuts are a wake up call to get back into hard work to unlock revenue growth

does intel reduce RCG salaries as well who will join in summer as grade 8 AI/ML?

Anything this year ?!

My feed is filled with layoff announcements from big tech, but no numbers out of Intel. Supply chain took a 20% reduction. Hearing similar numbers from marketing and finance, but why isn't anything reported?

Don't penalize the engineers/workers who do the real work! It's management who screwed up. They should take a bigger pay cut and leave the salary of the real workers alone. You NEED these workers! Downsize the inefficient management team!

Many prior threads on this. Here is the cliff notes version: Intel got bloated and lazy focusing on core business. Core business was undermined from below by better ARM solutions Core business demands slows Intel failed in wave... — read more 

I ain't accepting the new T&C of employment pay. You can take the money and shove it

If you don’t know who that is or don’t care. You don’t deserve to work at Intel.

Pat - 4/10 Christy 2/10 Keyvan 3/10 Ann k - really not sure these are the 4 I have met and watched over the years. what do you think?

If you read the comments on the posts below, you will see the same narcissistic id--ts are still in leadership and management. They are quick to react to any minor criticism as "whining". This culture has been in play for many years. Toxic... — read more 

You missed the markets for 10nm and 7nm. TMSC is now producing your chips because you can't do it yourself. You promise that once I become a customer you will do better and will never prioritize Intel chips over mine. It's all pie-in-the-sky BS if... — read more 

Suspension of merit increases for 2023 Suspension of Quarterly Profit Bonus and QPB+ Suspension of recognition programs Reduction of 401(K) match Base pay reductions

I believe in the idea of IDM 2.0 and that can help intel back in leadership. However, some decisions will hurt us really really bad. The management does not realize how a pay cut will hurt attrition and remaining high performing top talent who can... — read more 

Maybe there are a few too many overpaid, arrogant, entitled people in the C-Suite? In a company that fails year over year how many senior vice presidents and executive vice presidents do we really need? This company could use a little less caviar... — read more 

Looks like Pat has tied the fate of the company to success of 5N4Y. TMG wasn’t touched during CPM. Are the nodes really on track ? Does it make sense that Intel will gain back process leadership from TSMC with a fraction of the capex?

This man is running the company into the ground. Please, if anyone from the BoD is reading this, please fire this man ASAP

Pat talks a big talk about returning to technology relevance in a couple years as well as building a competitive Foundry operation to offset the incredibly high cost developing leading edge silicon and outfitting prohibitively expensive... — read more