Thread regarding Intel Corp. layoffs

@aj , @ag here - all Lip has done is say obvious stuff that Dave and others have been saying for years now. Money, simple math, yes it is all true. (although I'd argue if saying we need the same headcount as nvidia OR tsmc is fair since they want to be a design shop AND foundry). The problem is, Lip has no vision. He has no plans, no wins, no plan to get wins. If you're going to toss Pat out like they did, hire someone with a plan. Unless the plan is to hack and slash. If that is the case, that is not enough to make up for the billions already lost in foundry. The foundry money pit is so much deeper than payroll. That will take vision, guts, execution. Lip is only good at executing headcount so far. He also has no passion for the company.
@b3 Appreciate the level-headed response. You are right it is -a- problem for various reasons including the post below that points out how some DEI hires are done a major disservice and not supported when they're in. I'm reacting to the constant vitriol of the MAGAgeers who blame everything on 'Indians'. Those who attack others with this kind of ad hominem and flat our racism clearly have no value add of their own. I was saying if this type of attitude persists at Intel, it will only expedite the downfall much like we are seeing in the United States in general whether it is the economy with these job hits or tarrifs, world stage, healthcare, on and on. Intel is now just a poster child for a company that has been taken over by incompetence and the only way to make it worse is for the few left over to start chirpin about they took our jerbs.

I am b5 below, lots of spelling errors typing from my phone. Hopefully, that doesn't distract from the message I was trying to convey.

WHY was Ann leading TD for half a decade when she proved over and over that she couldn’t successfully run the org?

@ag you’re right, but DEI is -a- problem. It might not have been -the- problem, but it definitely contributed.

Like, WHY was Sandra R (who has a background as the chief people officer… HR) one of the SVPs for DCAI?? WHY is Michelle (who has a background in marketing and sales) the CEO of Products?

The people complaining about DEI aren’t just talking about H1B’s, it’s much more systemic than that

I mean... did you want him to lie? Intel's not doing so great right now.

Do I think this company will survive? Yep. Do I think it's going to be a sh---y couple of years until we're profitable? Yep. Maybe he'll turn out to be a terrible CEO, but I don't think him giving an honest assessment of where the company is at and what it'll take to turn things around is enough for me to fully write him off just yet.

@a9 seriously stop wasting time with the DEI b.s. you know as well as EVERYONE that BK started the downfall with a sh---y ordering decision for foundry equipment and it went downhill from here. Even being involved with realsense it was till foolish of him to show it off like this great big thing. That was the canary in the coal mine. Intel's core competency was already fading.
Our chip design has been so-so for years and cr-p foundry and paying our competitor tsmc to make chips for us wrote everything into stone for the fate of this company.
Pat showed up and did a moonshot. Yes, moonshot. Yes, it wasn't looking good. Astronauts die sometimes. Staying at Intel was choosing to be an astronaut or worse.
But for those who did, Pat gave us courage and that passionate hail mary. If it's f'd it's f'd let's march hard to our failures.
The HUMAN problems at Intel have always been: empire building, not built here syndrome, lack of mutual respect between engineers, rumor culture, not even a highschool level understanding of how to physically behave in a professional building, cliques, and of course blaming others like YOU DO with the DEI b.s.
The people to blame aren't many at the root of it. The destroyed culture just helped them burn it all down faster. BK started it and yes-men VPs with spagetti word ppt slides continued that legacy. Now what, you're still in the building? Complaining about DEI - good luck Intel with this guy.

If you are early in career and need a paycheck you need to leave

He is realistic and has no vision himself. He doesnt give a cr-p about Intel its just pride at board disagreements. He cares more about the long dead GSW basketball dynasty. Sorry Lip, but your hopes of being a legend at Intel are about as slim as Steph Curry winning 3 more NBA titles.
Maybe focus on sitting in board rooms and leave the vision to those with eyes.
Don't blame me for dunking on him, he makes it too easy with his Cadence tshirts, Zombie monotone, Lack of vision, Soft-spoken fake toughguy syndrome. He's clearly just selling everything off for parts just to F Pat's legacy because he disagreed with him so much.
Believe me, rich people in America ARE that petty.
Just because he's soft spoken doesn't mean he can motivate positively and just because he has experience at other companies doesn't mean he knows what to do or CARES about Intel.
Intel is dead company walking. It's over. Pat was the last best shot and Lip is just here to f-- around and make a few paychecks.

@a9 and the people at the top are the same people making the decisions today on products layoffs and futures. What could go wrong?

The real issues were top level and culture. Like let's milk it and delay EUV. Hey let's do a 100B in stock buybacks instead of investing. Don't even get me started on HR, DEI and hiring the right people. The people at the top were clueless.

It seems that LBT is at least realistic with no illusion.

Ashamed? The PEs and VPs are fattening up their retirements. They'll do fine. They didn't get to their high positions by being ashamed.