Thread regarding Intel Corp. layoffs

To meet their quota, some groups may fire, rehire, then refire the same people, a few times if needed.

These are desperate times!

@17n It could be more than 100% if they also fire the no-shows from various services and construction, but that might cause some bad things to happen (as shown on the Sopranos documentary).

Another possibility is they fire someone, then rehire them, then fire them again (also shown on the Sopranos documentary).

We know it won't be more than 100%. At least we have a number. The game is to be outside of that 100%

Fire Those Guys!

Fire Them, Not Me.

It does look like some entire teams are being eliminated, but then that is what this is all about.

Middle managers have been singled out and a portion of them will be gone too, but as usual it is the lowest level employees who will be mostly affected.

It's like asking Wi---e Sutton why he robs banks, 'because that is where the money is'

NEX shd be 50% mgt and GR10+ cut. They get $500K+ total compensation but ran this division to the ground

There are organizations with lower cuts than 20%. It's not a one size fits all operation.

To be sure there will entire teams which will be laid off.

Lots of projects and products to be shut down or sold. Maybe some of them just get pushed to the acquiring company but a lot of products are not profitable and are more likely to be simply shut down.

The company has been holding onto products which existed as part of the claim that Intel could provide an end to end solution for client or datacenter.

Time to let that all go, as the market share will never again be 80%. Intel can still take share from AMD but not from ARM, and RISC-V is ramping too.

@av+1 Seriously consider what is the best way to spend your time, as it is finite.

Especially consider how you spend your time at work. It should never be spent wasting time on the internet.

The company is in the process of adjusting to the loss of market dominance and a lot of the ways it previously treated employees is going to change, and not for the better.

If you care to remain employed then it is well past time to get serious about that.

If there is a package, take it and jump off the sinking ship.

Didn't know you could be laid off from trolling

@a3+1 I came to this conclusion last Fall and took ERP as a result.

Wasn't worried about being ISP but felt that the situation was rapidly deteriorating and that what is happening now was inevitable.

Projects are being cancelled, with entire teams pushed out, and I doubt anyone will ever see ERP like was done last year. That was the last great exit.

The company needs to be right-sized and that is what the Board hired LBT to do. The next couple years are going to be harsh, then see what (if anything) is still called Intel at the end of that.

NEX has the most number of highly paid employees like Senior PEs, PEs, Grade 9! They survived by nepotism and brown-nosing and favoritism

No doubt, this time is the start of what will ultimately be as much as 50% reduction overall, but that can't all happen at once for most groups.

What will follow will be the shutdown or selling of business units, including older fabs.

All this has to be managed so as not to cause the company to break down. Still need to ship product.

As a rule, only work for companies with a gross margin above 50%, because that indicates they have pricing power and means they have money to reward employees.

When Intel dropped well below 50%, that was the signal it was time to go.

Ya Shoulda Taken The Package!

It is simple math. There are just too many people for the amount of revenue being generated and spending that is going on. By any measure Intel has far to many employees. Intel needs to change how it does things so that it can function with a smaller workforce. The senior people who can't envision this or resist the change need to be the first ones out the door. This is about the survival of the company. The products are mediocre, market share and margins are dropping fast, and the bet on foundry was a big loss. If you don't think the average Intel employee's world is about to be rocked you are mistaken. Job loss will be horrible but surviving the cuts won't be much better.