After 2008 financial crisis which was a economic systemic crisis Intel had suspended raises and decided no layoffs and said would come out stronger after the crisis. That worked well since everyone was suffering and they kept the talent needed to... — read more
What happened to Intel?
Non-employee here, but one that in a former life used to program Intel microcontrollers (8051) and of course PC's. I'd like some candid thoughts on what went wrong? Did the employee mindset change? Was it outsourced? When did it begin? Did the... — read more
Advice for the board
Fire Pat before he causes more damage. Hire a ceo who actually understands how semiconductor manufacturing actually works. Fire Dave and hire a CFO who actually opposes his CEOs batshit crazy financing ideas.
2023 rewards
I feel due to situation getting much worst, this year will have zero raise and zero RSU. What do you think ?
Big Tech layoffs are a problem of the industry's own making: Morning Brief
https://finance.yahoo.com/news/big-tech-layoffs-are-a-problem-of-the-industrys-own-making-morning-brief-112750716.html No mention of Intel, but Intel's problems run much deeper.
Zuckerberg for CEO!
https://twitter.com/petergyang/status/1619402451425304576
Must watch listen 18 minutes and decide is it a FUBAR
Every Intel employee, leader and board member needs to answer to the questions raised here https://youtu.be/KPbZs0kJhsA
What I’m forecasting
Rewards planning will be pushed further Second half 2023 macro will improve ELT will have an additional round of layoffs around 15-20%
What a stack of lies upon lies results in a disaster!
Past the pivot point and faced with the perfect storm! Amazing the CEO can continue this narrative while the whole company continues to sink. How can he honestly say it is a macro economic issue when every other company did better. The... — read more
Intel was a solid three-legged stool
Standing on x86 monopoly, high volume, and high gross margin. Now with the rise of ARM and AMD, the upcoming recession, and higher cost, it'll be very hard to keep the facade intact. When BK ACTed in 2016, the gross margin was 62%. They just... — read more
I was in tears
PG essentially told the world we'd rather fire our chairman of the board then let go of any precious DEI employees. Down with the filthy capitalist!
Layoffs - A matter of survival now for all groups
Any group which resists layoffs now will be soon like the Memory group of 80s. Don’t know if Intel can spin up a product line to again dominate the market like x86 cpus did but if group leaders of their current products don’t cut costs heavily and... — read more
There are fewer and fewer people who believe in recovery
Why is it that almost no one believes in the recovery of this company anymore?
Wall Street comments
Some Intel analyst report titles today: ROSENBLATT: “Historic collapse. Nowhere to Hide” UBS: “The Kn--e Continues to Fall” STIFEL: “Even Darker Before the Dawn” BERNSTEIN: “When You Punch Yourself in the Face”
Why the bring back posts?
Why are there so many posts on who should be brought back to fix the situation? Your future is not in the past, period. You need a new strong leader who will break down the grade 10-14 people who can't see the future and won't go away on their own... — read more
Oregon Fabs are emblematic of broken culture and poor management
If you work in Oregon fabs, you know how much of a disaster they are. Total disconnect from technicians who keep the place running from those who manage from the upper levels. Do more with less mentality but cannot even execute the basics because... — read more
FUBAR as FUBAR can be!!!
Wow oh wow is it now apparent that IDM and IFS is a failed strategy ? Yeah the economy is going south, yeah chips went from a shortage to a surplus. But Intel will be back! Yeah right, LOL or crying for Intel and sad for America that the CEO is... — read more
should KB come back?
should KB come back to save us?
PG if you are reading this…
You need to get your sh-t together! If Investors can vote to fire all your useless managers we would probably do! You are hurting us for past 2 years failing to recover the company where it should be. You need to make a tough and right decisions and... — read more
Intel needs to hire decision makers very quickly
Intel needs fearless decision makers to put products out. Their hiring team is a piece of cr-p. I left TMG after a rule of 75 retirement several years ago. Made major impactful changes elsewhere and I am still employed in the silicon valley. I... — read more
my solution to get out of this mess with minimal layoffs
I hope leadership considers these recommendations Suspend bonuses (apb & qpb) & instead offer long term RSU or stock options to vest upon company's success Suspend recognition tool & offer extra RSU or stock option as alternative. Suppose... — read more
Bring Back JK
Oh man .. losing JK was a big loss. Pat, please bring him back. Even at double salary. Thats a cost that will have big ROI. Beg him to come back. We need technical stalwarts in this company. BK screwed the company.
Reduce cost: Every dollar counts
That's what she said
No layoff is bad news for Intel
With the morbid Q performance, carrying current headcount with minor redeployments that stay under the radar, Intel is trying to swim with heavy bricks tied to their feet. I can understand reluctance to come out with a large number of layoffs would... — read more
Intel stock was $27 twenty years ago... and it is now trading (after hours) at $27...
Imagine you worked your bu-t off and got an MS / CS twenty years ago and you were aged 27... you hire on and are given lots of stock options... now you are 50 years old and you can throw the stock options in into the cr----r... Epic destruction... — read more
What's next ?
more layoffs ? INTC files bankruptcy? PG steps down? Design and manufacturing separated
Until today I thought Intel had a chance of recovering over a few years
Things have gotten so bad and the arrogant Intel management still thinks they have a handle on it. Wasn't it Einstein who said the definition of insanity is doing the same thing over again and expecting different results? PG doesn't have the mental... — read more
Huh ! Feel Exhausted
I work so hard. Believe me. I do. Doing everything that I can do every single day to put together a really hard day of work each and every day I am not sure what else I can do in my power, but this is getting exhausting. I am wondering why I am... — read more
Number of employees on payroll as of 12/31/22 increased to 131.9k from 131.5k on 9/30/22
As of Dec 31st 2022 intel employees increased to 131.9k from 131.5k. WTF Pat doing? He should be cutting employees aggressively when revenues and gross margins are going downhill. He needs to fire minimum 40% staff to improve margin. Here is pdf... — read more
Worst is over, no layoffs
We will need to work twice as much but we will make intel great again!
Here are the financial results
Fourth-quarter revenue was $14.0 billion, down 32 percent year-over-year (YoY) and down 28 percent YoY on a non-GAAP basis. Full-year revenue was $63.1 billion, down 20 percent YoY and down 16 percent YoY on a non-GAAP basis. ▪ Fourth-quarter... — read more
Intel chairman exits just ahead of next financial report
https://www.msn.com/en-us/money/companies/intel-chairman-exits-just-ahead-of-next-financial-report/ar-AA16HFK4?ocid=msedgntp&cvid=5e5b1950b6f14004a17153a2bfbf2839 This is a mess. What did the Medtronic guy know about semiconductors?... not so... — read more
Are more cuts inevitable?
Industry-wide push for job cuts makes me worried. Some think that Intel can't afford not to have another round.
ATTD
Anyone here know what happened to ATTD chandler folks during 2016 layoff?