He's been acting strange since the announcement (mostly staying clear of everybody, which is not his usual behavior) and I didn't think much of it. But after having the weekend to worry about the future and mull things over, now I think he might... — read more
Will Pat layoff an ELT member?
For symbolic reasons? And which one?
grafix
Is RK's AXG going to be cut? We just released the first Discrete GPU which was well reviewed. And graphics is very important. (Our RTL teams are already short staffed and the cuts will be too bad if it happens)
Orgs are given their budget limits for next year
This will drive the amount of HC each org needs to cut. Some will cut as little as 3-4% others as deep as 20-25%. Each org is tasked to determine their own number of headcount based on their budget. Pat won’t tell orgs how many employees to cut or... — read more
Everything is a rumor including this
Don't believe everything you read. Including this.
Why are they still hiring?
Are they following the hire in bulk and fire policy?
Drones
What’s the latest on Intel drones. Haven’t seen them in test runs lately.
Press coverage
Press is pretty brutal on Intel at the moment (rightfully so) - the company is doing a lot to try and re-build a brand with the younger generations, but millennials and gen-z see right through the capitalist BS - the whole “secure billions in... — read more
How does china's semiconductor industry' collapse affect Intel?
Article link: https://www.benzinga.com/government/22/10/29273679/chinas-semiconductor-industry-decapitated-overnight-what-annihilation-looks-like
Layoff Risk Calculus
Seen a few people take a swing at this - based on my experience both with Intel and other companies as well as what I’ve heard from those in the know, here is mine: Start with 0% - congrats, you’re safe! Add 5% because it’s Intel and they have... — read more
Not enough people gets this
Intel is actually a great place to be. If You need some time to prepare for interviews.
how can you run a foundry with no foundry experience?
Pat was unable to find a single executive in Taiwan who was willing to join IFS? IFS is just a completely clueless bunch of people who neither know how intel/td operates, nor do they know how a foundry operates.
Come on
If you are talented enough, you should've found a better place by now. If you are not, you should be salivating for the cushy package like the Pavlovian dog. Even if you got a C in your algorithm class, you should have expected that Workday (HR... — read more
Will new grad hires be affected by layoffs?
Just got hired a month ago with a start in January after graduation with my PhD. Will my job be cut? :(
Ocotillo Fabs 12/32/42 may lose 15% to 20% Techs and GLs. Leaked 2 days ago.
INTEL Is hiring but will put on hold for now. Construction to continue few more months but these are green badges. Rumors are this may be repeat of 2015/2016 layoffs of workers who haven't gotten stock or promo in last 12 months. These are still... — read more
DEG layoff
Anyone has any insight if there’s layoff in DEG?
All hand meeting on Nov 1st
All hand meeting on Nov 1st was mentioned but didn't see anything about it yet. Should I be worried?
If I complied...
and got the jab in order save their job, even though i didn't want it, am I immune from being laid off? Would they still lay me off after I/we were tricked into getting the shot?
PSG is safe
If you are in PSG, just exit this place, your are safe…relax, focus on your execution and enjoy your life…
Zoom me?
You guys remember that young CEO of Better.com Vishal Garg that laid off 900 of his employees using Zoom? What if Intel is planning the same otherwise processing exit interview for 20 to 30K employees will take months. This needs to be done quickly... — read more
How big a layoff is required?
Either take revenue per employee or profit per employee and compare to AMD, Nvidia, Qualcomm, and TSMC. Eye popping isn’t it, will they really ACT?
Will they lay off new hires first
I joined the team last month. How likely will they lay off a new emp in TD group? I work in engg btw
Why not pay cuts before layoffs?
I don’t think my group will be affected by layoffs, but I still don’t understand why bonuses, pay, and other expenses aren’t cut before people.
The FUBAR that I have always predicted
The list of failures is decades long and the larger undercurrents of why they failed tell it all. It all starts with the BoD and Andy Bryant. Never any real strategic thinkers or people in technology that allowed Paul, BK, Bob, and now Pat to dilly... — read more
Layoff shouldn’t be a surprise
I’ve been at Intel for 4 years and it wasn’t a question of if there would be layoffs in 2022, but really a question of when. Y’all are trolling to think it wasn’t coming. As an engineer, I’m definitely looking forward to reversing some of the poor... — read more
Mistakes keep repeating
After the big layoffs in 2016, the company employed too many people when the situation started to improve, without realizing that it was employing too many people. Then the cuts happen again. Just as Intel's approach to layoffs is wrong, the... — read more
Break up
I have a hunch that Mfg. and design will be separated. Announcement during quarterly Yes, No? They have to do something to stop the stock from going to ZERO
Voluntary separation packages
I would like to leave. What are the chances that some will be offered voluntary separation packages?
Will new grad offers be recinded?
Joining this January as a L5 SWE with no other offers, scared to death what the future holds.
Whatever happens, I'm prepared
All we can do at this point is prepare for any possible outcome the best we can. I know that for many this is a scary period, but in the end, all of us will be okay. I was laid off before and when it happened I thought my world had ended. I ended up... — read more
Pat addresses layoff rumors
Main circuit article today morning. He talks about targeted actions!! That is not even diplomatic or dignified enough. How is Intel going to target employees for layoffs?
Intel has plenty of fat that could be cut without anybody noticing
This was said before and I'll say it again, there are a lot of employees at Intel who shouldn't be here. There are plenty of sycophants and nepotism babies who do nothing but kiss a-s all day. But that's not all. If we get rid of a whole management... — read more
Shares in chipmaker TSMC leap after profit beats estimates
https://9to5mac.com/2022/10/10/iphone-14-helped-tsmc/ Strong sales of the iPhone 14 helped TSMC increase its third-quarter revenue by 48%, at a time when other chipmaking companies are suffering. It’s a good thing PSO and Pat passed on the iPhone... — read more
Chips Act
One could ask; with the billions of dollars from the Chips Act, why is Intel now laying people off?
Hire more expensive fatcat executives from large companies
Hire them for their famous employers and fancy positions rather than for accomplishments! Interesting Game Idea: Who will prove to have been the WORST CEO of the company?
Write a performance review for Pat
Stock price - improvement required Execution - Improvement required Strategy - improvement required 🍿
Complete disregard
Just watched Cristoph address SMG regarding the layoffs. He seemed genuinely more upset about the press coverage than the fact he's firing thousands of people. I haven't worked here for long, but that really made an impression on me. I hope to stay... — read more
If lp and rk still have jobs after this
You’ll know they’re not serious about turning the company around and just want to get rid of high cost geo workers. He-l all of FM should be let go and moved to Gdańsk.