Pats latest interview hints cutting down on IT expenditure, will the software folks in TD groups be axed?

Intel CEO Pat Gelsinger On Potential Layoffs https://www.crn.com/news/components-peripherals/intel-ceo-pat-gelsinger-on-potential-layoffs-the-unpredictable-economy-and-consolidation-in-the-chip-market Check out the quote below -- It is a word salad... — read more 

If I work my a-s off and Intel ships a few extra processors, I don’t see another dime. So what is the motivation? And I’ll tell you something else. I have eight different bosses right now. Eight. That’s right. So that means when I make a mistake... — read more 

Now that I look back, I thought that 2022 would be much better than it is. Has anyone perhaps compared the layoff numbers here and in competing companies during this year?

Imagine you are the new CEO. Suppose he doesn't buy into any of the DEI that prior regimes put in place such as quotas for females and URMs, non-binary bathrooms, and ge----o-like DEI compliance officers spying on the organization. It seems like a... — read more 

It’s really frustrating when people cannot give a simple explanation and add the details later. The meaning gets lost. Why not answer the question and then add context? This is very relevant to meetings.

Given that the package will be small, I hope that we will all manage to find new jobs very quickly. However, I am not very optimistic, at least not when it comes to me personally, because I have been looking for a job for a long time without success... — read more 

I try to work on my OKRs and make a goal list every morning, but within 15 minutes I get interrupted by some dolt that wants to know if I have heard anything about the layoffs. Everyone in my building is dragging a-s and waiting & pins and needles... — read more 

If anything these high graded jobs should grow….

H1B eligible for CA or OR State unemployment?

The following 10 steps will help Intel improve margins and become an S tier company again: Perpetual layoffs - nobody is ever safe. Fear will drive results. 7k employees are to be laid off every month, offset by onboarding 20k employees each... — read more 

I seemed to recall the HR head mentioned in the all-company meeting that Intel won't be offering enhanced retirement package this time around. Does that mean a retirement-eligible employee selected for CPM has to choose either the regular retirement... — read more 

Let that sink in... https://www.wsj.com/articles/global-stocks-markets-dow-update-10-31-2022-11667212220

This is a question that many are asking because Intel has such a generous stock grant program and ESPP (employee share purchase plan). Also, studies show employees hold far too much company stock. This comes from loyalty affects and also a feeling... — read more 

Double down on IDM 2.0, burn cash for 5-10 years and ignore all the haters Hire Elon Musk, he won’t be able to turn it around either, but it will be entertaining Take the company private, cut HC by 30% and live to fight another... — read more 

Only a few of my colleagues are worried about surviving these cuts. Maybe I would be carefree if the situation on the job market were a bit more favorable.

Lessons learned for those that survived this round is if you are not buddies with your manager or manager's manager, then you are at risk of being laid off in the next round

Poor execution in core business IDM 2.0 strategy prohibitively expensive and extremely high risk Failure entering new markets – graphics, ai, wireless, fab services... Matrix management and ‘two in a box’ Departmental... — read more 

If until now Intel has had little problems releasing products on time, I think that after these cuts, product delays will become much more common... I sincerely hope for a package, so that I can continue to watch this company from a distance.

Consider yourself one of the blessed ones who get to leave the sinking ship in one of the last lifeboats. Those left behind can either try to swim to shore by quitting or sink with the ship by staying. Both options are significantly worse than the... — read more 

The first week of November is upon us, who wants to bet that the ELT is going to find a way to postpone this further? Considering that this leadership is incompetent, something tells me they still haven't managed to decide exactly what they want to... — read more 

Everybody is too pessimistic. Recovery has started. Intel seems to have found a bottom after its Q3 earnings report (“ER”) both in terms of prices and fundamentals. Compressions in both gross and operating margins seem to have reached an end... — read more 

I told you all those years ago and here I am to tell you it again FUBAR!! There is a reason you got a fanatic religious zealot as CEO. No rational tech executive would touch the job even for 170M. And what is the strategy, IDM and IFS. It is like... — read more 

Oct 27 Q3 financial statements has a footnote that there will be $607M in charges related to layoff severance packages. If we assume each terminated employee will receive 8 weeks of severance, that's 15% of annual salary. At $127,000 average... — read more 

The CHIPs Act includes tax credits for chip manufacturing. The Inflation Reduction Act includes provisions to ensure certain large US companies pay a minimum rate of 15%... So, does anybody know the details? Do they cancel? Anybody from... — read more 

https://twitter.com/EconomyApp/status/1586767129340039168 Operating expenses are out of line with revenues. Something has to give and unfortunately, its employees.

In Tick Tockb model Intel strategy for on time execution was to release/change the core micro architecture OR move to a new process node with each new generation. Don't change process node and architecture concurrently. This was a very successful... — read more 

https://finance.yahoo.com/m/bcabf84b-cef3-37c3-b9c0-564fc7331760/%E2%80%98shock-and-awe%E2%80%99-cost-cuts.html Intel Corp. shares on Friday scored their best one-day rally since the start of the COVID-19 pandemic after the chip maker’s planned... — read more 

[1] Nvidia $527,000 [2] TSMC $353,000 [3] Qualcomm $217,000 [4] Intel $181,000 What would you do if you ran the company? Calculation based on most recent fiscal year Operating Profit divided by most recent fiscal year end headcount. The... — read more 

I don't think anyone can say that they don't have colleagues that probably shouldn't be or shouldn't have been in the first place. Be honest. Having said that what's going to happen is the layoffs will affect actual talent that this company... — read more 

Set personal example. With the current situation, it's okay to explain why it's important to cut expenses strategically. However, when the CEO makes tens of millions, it's time to cut his salary to $1. Make sure you don't get caught up in... — read more 

Just heard rewards planning is delayed. Is that due to cost reductions? How much will that save us?

any insight into cuts within DEG?

Has anyone been laid off yet? Dose anyone have any information on when layoffs are actually going to happen?

Elon: Our great nation, USA, needs Intel to succeed. The clueless ELT is simply incapable of restoring this company to growth. We the employees urge you to invest in Intel and buy enough shares so you can gain control. Please delegate running Twitter... — read more 

How is it decided from among those laid-off, who gets time to look for jobs internally/externally in CPM while being paid? Don’t think everyone gets that chance - but maybe I’m wrong.

How many jobs can be saved?