Small cuts are now meaningless. Most high performers have voluntarily left during the last round. The infighting for survival to retain a paycheck is sickening. This is a race to the bottom.
If I were CEO, I would make deeper cuts, like 1/3, and recruit industry talent by paying top dollar to help steer the teams and move back into engineering mode. Current management cannot do it, as they are too stuck in survival mode.
Executive, Management and HR have been safe places for decades. It's time to get rid of all the horrible decision makers and people managers. Same leadership in pla e for years ans intels continue to fail, that should be obvious. If you need people managers vs technical manager's that's an issue, your IC should be able to perform without supervision and if they can't they got to go.
"Tan, a veteran venture capitalist and investor". Here is your expert. Need I say more?
Most of the talent voluntarily left in the 90s because of lack of vision and a--hole management.
I don’t believe OP isn’t the CEO. He’s looking for his manpouch on layoff.com.
Correct 100%
The issue with that strategy is further cuts will cause worse performance and down right operational failure if not done with precision. To build the engineering talent you need to complete flattening the layers, define ownership and responsibility to the basics, then hold people accountable and reward excellence/meritocracy. This will cause most non-performers to either perform or leave (improving efficiency) and give you a good idea of what talent is left. With how cr-ppy Intel systems and culture is, even if you get a bunch of rock star Engineers, if they land in an unhealthy org, their time will be wasted, they will want to leave, regardless of pay, and they will be ineffectual at enacting change for the better. We need a better culture before we go churning, new blood is needed (like Naga) but we also need to foster and reward the good that is already among us.