What will be the headcount in Q4 earnings. Please guess in your comments. For reference, headcount mentioned in Q3 earnings was 131.5k My guess is 125k. That's about 5% cut.
Intel is not only going through a culture crisis, but an identity crisis as well
It doesn't know what it really is, what it wants to become and who is it really competing with. Is it a foundry? A design house? Is it competing with the top-tier foundries TSMC and Samsung? Mid-tier foundries like GF, UMC and SMIC? Are its main... — read more
Intel is tied to a market in secular decline - the PC
They have (still) a dominant share there and so can’t grow. Furthermore, their existing share is threatened by AMD, Apple and soon Qualcomm. Server is another large market but growth has slowed to a more mature rate levered to GDP. Here, Intel has... — read more
Intel Makes a Renewed Run at the PC Market, but Is It Too Little Too Late to Beat AMD?
https://www.fool.com/investing/2023/01/06/intel-makes-a-renewed-run-at-the-pc-market-but-is/
What's Intel still better at than the competition?
I just notice that the competition is getting better across the board, while Intel is pretty much stuck.
AMD Challenges Intel's Gaming Dominance With New 3D V-Cache Chips
https://www.fool.com/investing/2023/01/06/amd-challenges-intels-gaming-dominance-with-new-3d/
It's a never-ending cycle
Intel overhires to make sure it has enough "fresh meat" when the time comes for the next round of layoffs. Then when layoffs hit, half of the newly hired people are laid off to artificially balance the average age of those who were let go, and the... — read more
This site makes me laugh
A lot of people who post here act like everyone at Intel reads this stuff and cares what is being said. The majority of Intel employees have no idea this site exists and probably couldn't care less that it does. The comments don't matter and won't... — read more
AMD just Ended Intel – CES 2023 Keynote
https://m.youtube.com/watch?v=uLP02jAJq3w Yikes. Clean ki-l losses across the board.
Their idea is to save on severance costs
It's not much different at other companies either, but at Intel it's clearly noticeable - managers are quite adept at creating various types of pressure on employees in order to get as many of us to leave so the company can save on severance pay... — read more
Stop thinking about layoffs as periodical
We need to face facts. The age of job security is long gone. Layoffs are now happening daily and weekly, not just once or twice a year. We might be talking about small cuts here and there, but nobody is safe from them. Sadly, the only job security... — read more
Amazon increased their layoff numbers 18,000 with notifications starting on 1/18
https://www.cnn.com/2023/01/04/business/amazon-layoffs/index.html It is going to be tough to find a tech job with all of the layoffs across multiple industries.
End of round 1 and beginning of round 2 …
There is some value (call it ‘date X’) for which if you reach it without getting the axe, you survived this round. Does anyone know what ‘date X’ is? If ‘date X’ is department-specific, what is the latest ‘date X’? And how about the timing of the... — read more
Total number of layoffs at Intel will be 25K+ over the next 3 years, probably closer to 30K
This will be a multi-year, multi-round, ugly affair. We're just at early stages, it will get progressively stressful and humiliating as they run out of "low-hanging fruit" targets and also run out of layoff criteria. Intel is already a bad company to... — read more
Salesforce 10% can Intel be far behind?
https://finance.yahoo.com/news/salesforce-cut-10-workforce-amid-180929037.html Pat and David committed to 10B soon in savings!
Intel: Please buy these new 13th-Gen CPUs, now with 24 cores
Intel is cutting billions in costs amid a downturn in sales, but the show must go on, so the x86 giant is hoping it can rekindle interest in the PC market with the first 24-core chips for laptops and more affordable desktop... — read more
Don't leave Intel unless you really have to
People are learning the hard way that grass is not always greener. I am not an Intel cheerleader, I just know that some people who quit are not as satisfied as they were hoping they'd be once they left. They allowed themselves to lose the seniority... — read more
Lack of clarity on layoffs
The lack of clarity on layoffs till date is bewildering. People already jumping ship, those left behind are seeing terrible drop in perf and morale. This slow poison of "your a-- is next to fall" is the last thing one could do in troubled times
Positive posts deleted or moderated while poison allowed
I guess the moderators have a vendetta with INTC. I have posted many positive messages and they have been deleted, but they routinely allow the poison from the last bunch of disgruntled people bagging on the company, Pat, and what not. Before the... — read more
Why did Andy not pick Pat?
Pat makes it sound like he was THE chosen one to continue Andy Grove’s legacy. I think Andy saw Pats shortcomings before anyone else. If Andy truly believed in Pat, he would have lobbied hard to make Pat CEO instead of Paul. There’s a reason Andy... — read more
Workplace Stress Levels
Would you rather be an individual contributor or a manager?
What miracle would it take to fix this company?
All this negativity is unsettling, but the situation in this company is sad, especially considering that it could have been much better if only we had better leadership. Let's hope for the best, but it would take a miracle to fix things here.
OKRs the magic serum ?
Did everyone's productivity increase by 50% by following OKRs ? Did OKRs gave you a promotion and fat paycheck ? Honest posts only no trolls please
Value trap ?
The rationale of holding INTC only for it's dividends seems like snakeoil. Big funds/investors won't touch this stock even with a ten foot pole. Why exactly are the shareholders still glued to this ? Afaik INTC ain't creating the next billion dollar... — read more
It's AMD's world, we're just living in it
Recently, AMD developed a new innovative chip design that produced better power and greater efficiency. And AMD's foundry partner, Taiwan Semiconductor Manufacturing Company, surpassed Intel in process technology due to Intel's management decisions... — read more
Intel Poor Executions
Things started getting bad at Intel under Craig Barrett (CRB). Intel was making garbage in Mobile and NOR-Flash. Mobile CPU used ARM architecture. Research In Motion (RIM) was Mobile customer. Mobile chip was used in Blackberry telephone. Intel also... — read more
Manager vs. individual contributor
Outside of Intel… how are “Intel management” viewed? Or “Intel shift engineer” viewed? Would you rather be an individual contributor or a manager for attractiveness? Looking at how poorly the company executes, my assumption is non-management... — read more
It’s rough going into NY.
A lot of our groups will not notify cpm until 1/15. Not really able to plan vacations or other things not knowing if we will be employed.
Last great Intel CEO
I've given up on seeing a good CEO run this company in my lifetime, but there were some great CEOs at the helm in past decades. I wonder, who do you think was the last great CEO? When did the troubles start? I think things started to go downhill once... — read more
Employee
Where can we find the employees that were transferred? Is there somewhere to look for who got laid off?
Intel settles to escape $4b patent suit with VLSI
Intel and SoftBank-backed VLSI Technology have agreed to end a $4 billion patent dispute, according to documents filed in Delaware District Court this week. The decision marks a victory for Intel, which has already lost $3 billion in failed patent... — read more
Why manufacturing and fab layoff safe
Here's my 2 cent : Most of them don't have any viable skillset to be employable outside or just want to slobber around with a fat paycheck and somehow the org and ELT values it as "too big to fail"
Intel !!! Two generations behind!!!
https://www.reuters.com/technology/tsmc-starts-volume-production-most-advanced-chips-taiwan-2022-12-29/
IDM and IFS is a failed strategy.
This isn’t the 90s or 2010 when silicon RD and factory CapEx was in the billions and tens of billions and when x86 volume and complexity for the process was simple enough to enabled Intel to be a leader and to have GM the envy of the industry. Times... — read more
What is Intel's Core Competency?
I'm hard pressed to come up one that is persistent and relevant. Innovation on the full custom CISC, high power x86 IP domain? (weak persistent and becoming irrelevant -- ARM is disrupting for all directions ). Leadership process... — read more
It's hard to get a better opportunity now
There are too many candidates who apply for an open position. How much does having Intel on resume help? What are your experiences?
Italy PM to meet with Intel to "facilitate" chip factory investment
Italy's Prime Minister Giorgia Meloni said on Thursday she would request a meeting with representatives of Intel (INTC.O) to discuss a possible multibillion-euro investment by the U.S. chipmaker in... — read more
Math behind $3B in cost savings? Impact on earnings and dividends?
As some of you have suggested, buying depressed Intel shares is dead money. I’m curious about the math behind $3B in cost savings and it’s impact on earnings, share price and dividends over the next several quarters.
Intel OKRs - what are they?
Intel OKRs - what are they? Long time employee here… what is the benefit? Why are these tracked every quarter? What is the end goal? Is this really “industry leading”? What do TSMC and Samsung use?
Waste of talent
I don't agree that all the talented people left Intel a long time ago. Surprisingly, there are still some in this company. Why they allow their talent to be wasted here instead of being properly valued and rewarded somewhere else is another topic... — read more