[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
Bad move for Intel
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
Five things I'd like to see our company do differently
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
Rewards planning
Just heard rewards planning is delayed. Is that due to cost reductions? How much will that save us?
anyone here from DEG?
any insight into cuts within DEG?
When are the layoffs happening?
Has anyone been laid off yet? Dose anyone have any information on when layoffs are actually going to happen?
Open call to help : ELON, PLEASE HELP
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
Subset get 9 weeks internal redeployment?
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.
Group Email: $200M per year = $1600 per minute
How many jobs can be saved?
My prior Intel layoff experience
Calm down. Nobody will be kicked to the curb or instantly walked out of the building… unless you did something really bad (steal company property, harass coworkers, and the like), In my layoff from Intel years ago, I already knew it was coming as... — read more
Manager says safe for now
Manager says we are safe for now, and she cannot say what future holds. Should I start looking outside even if I survive this cycle of layoffs.
Contemplating taking Medical Leave
I am mentally not able to function and perform my day-to-day work duties due to layoff stress and seriously need to take a medical leave. Any idea about medical leave benefits at Intel and how long can I be on medical leave? I work in a CA site. ... — read more
How to cut 3B yearly and increase to 10B?
AMD 5.6B revenue with 15K employees Qualcomm 10.9B Revenue with 45K TSMC 20B revenue with 65K employees Intel 15.3B revenue with 121K employees Pat has big fantasies, the cost to us is large and probability of success low to nil. Build huge... — read more
INTC is now not a tech company
It is a PC company, Political Correctness for WSJ and FED. Annoying LAYOFF makes FED happier.
All should share in the sorrow.
You need to forfeit your pay (including bonuses) Pat. You stopped earning it a long time ago.
What is the value of great performance?
Until now, I have always put in maximum effort, tried to have the best possible performance, but now I regret exhausting myself in that way. What did I get from giving my best? Pretty much nothing. All I got are worries about being laid off while... — read more
Rehiring, resizing and efficiency
So management is dangling the carrot with an oxymoron. They will resize and bring efficiencies, but again they will rehire the ones they are firing. You need lot and lot of courage and soul to speak such gibberish to fool the employees and still... — read more
Just 2 Weeks to Flatten the Curve
If there really is a 75% redundancy across the tech industry, how many more layoffs in the next 6 months?
Red flags
No need to worry ahead of time, but still, the anxiety is astronomical. Are there any red flags, subtle signs by which a person can know that he or she will be cut?
No layoff’s with changes in China staff
Since all US companies are supposed to leave China operations, companies will already run off shortage. And with Chips act, more resources are required here than anywhere else. So don’t expect any layoff
The sneakiest way to do this
If I was the evil Intel I would do the layoff prior to 11/15 so that all 8 weeks of redeployment would take place in 2022. Meaning no annual bonuses (EB) paid to anyone impacted. Although they’d still get the Q4 QPB (if there is one). Who wants to... — read more
Server group kicking A$$
Congrats to Server group for making no profits with $3.2B revenue. How did you accomplish this? Others need to learn from you.
Cold and brutal: Right Size will be a slow ki-l
Intel this time adopted a grand policy unlike earlier ones. Smart indeed!!! They will ki-l by slow poison. Everyday we will be waiting to know that I may be called any moment to be hanged and everyday you do not get called you will start getting... — read more
Anxiety
All the word play and uncertainty is giving me chronic anxiety, I have lost my sleep and peace of mind, can’t focus on work. It’s too much to handle :(
Keyword is right size
The wonderful thing about management is that they have the greatest ability to use old words in a new context. This time they used right size as an euphemism for telling us that they are coming to let us go gracefully. And the best part of this is... — read more
Pat and Team knew this coming from very long
In Yesterday's all hands when Pat was asked why over hiring was done in the last year, he shamelessly responded that they never knew revenue will fall from 76B to 65B. Oh what an argument! When revenue spiked by 20% during COVID, they did not know... — read more
APB cut 50%?
Is that true??
Looks like everyone is safe until next quarter :)
Usually layoffs are announced when announcing quarterly results, in this case there were no announcements so it is likely there will be no layoffs this quarter.
sick leaves
In my group , engineers and FLMs have been taking sick leaves in a unexpectedly high rate since last month. Is there a new virus affecting employees ?
Biggest cost reduction should not come from its people cost (linkedin post)
By 2025, #Intel plans to #eliminate up to $10 billion in costs annually by restructuring its operations and #sales departments and focused on the development of domestic foundries. Intel is in a bad situation right now. Since the $280 billion... — read more
What if Musk bought Intel?
"Musk terminated Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and legal affairs and policy chief Vijaya Gadde, according to people familiar with the matter."
Why not cutting dividends?
Why intel not adjusting dividends?
Pat and ELT - too clever and shrewd . Still few open questions
Genius Pat and Team. At the end of the day what did we get? We do not know whether in the name of restructuring and redeployment how many will be laid off. It can be 5K, 15K, 25K, 30K just not 20K. Till end of Q1 maybe more we will live a... — read more
April
Has there been any change for 2023 annual rewards process?
Light on specifics….
Here’s what I actually heard: 1- “No set criteria” So this means they will keep family and friends vs performance? 2- This new scheme. So what they are actually saying is well you have a couple of months to find work but no severance. So this... — read more