Thread regarding Intel Corp. layoffs

This is pats plane crash. He was just forced to eject before the impact

The Intel you refer to has been gone for years. There is no WE in the current situation… unless you work for Bain & Co or McKinsey & Co.

Rainman thinks it's festivus

He's got grievances and he is gonna tell us all about it.

@f2 If you want to blame the right part of the company, blame the leadership. They're the ones calling the shots, setting the tone, and making all this so difficult.

Stop saying IFS is to blame. You don't understand what they do. This is on TD and their decades of God complex. All IFS does is try to help navigate customers through this ridiculously complicated BS built by TD that is never correctly calibrated for actual implementation. Blame the correct part of the company

@ah he may fix tht but it's not enough to save Intel

@a7 THIS.

In 199X intel was giving dividends of $0.0X, cents on the dollar to shareholders. Yet the company had splits throughout that decade. I believe the dividends got to as high as $0.35 per share.

Then they started missing process nodes. Did the spending to keep the stock price propped up stop and get switched to keeping technology leadership? They had years to do that, TSMC was putting technology leadership #1.

No, the company should have been shook up back when they had room to pivot, they've done it before. If the dividend payment was halved, how many years before they'd have more money than the chips act?

Andy Grove set the standard to invest in the downturn so they could execute when the market came back.

The comeback was the 2020 rush to WFH. So trying to invest when pat came on was years later than it should have happened. Also, buying expensive fabs when construction costs are ballooning makes the whole regaining technology leadership even more expensive.

2020 was the big miss, and we've been feeling the pain all this time, trying and failing to play catchup.

@at: I wish more people who keep saying “LBT is doing the right thing” saw it your way

Oh wait, OP is serious.

Let me laugh even harder.

@aw You are being sarcastic correct ?

@aw So it's the customer's mistake for not buying an inferior, more expensive product?

Why blame the management for the customers fault? The company had 18A available, its on the market for not recognizing its value and furthermore, ignoring it. Pin the blame on those who made the mistake of missing out on 18A, not on the hardworking men and women of Intel who made reality happen.

@a6: he only appears to you to be doing the right things because every time someone says differently you shout them down

@OP You seem to be working under the false assumption that LBT is trying to save the company. He's not. He's prepping it for sale, in whole or in pieces. He neither needs nor wants our help. If he can figure out a way to make the company a more attractive buy, he'll do it. If that means cutting 70-80% of the workforce, he'll do it. Don't kid yourself; he's a millionaire making millions guiding this sinking ship to the bottom of the ocean.

Pat's strategy is correct (foundry) but he was a softie... and didn't fire enough people, and let TMG/IFS continue their lies. Hopefully, LBT will fix that by putting them in the unemployment line.

I don't believe OP is still so worked up about Pat taking his red stapler.

This is pats fault. His legacy

To blame Pat for everything that is going on right now is very near sighted. Intel's fall from grace started happening under the watchful eye of BK.

Stupid troll post.

No one is genuflecting in LBTs general direction.

But he does appear to be doing the right things,

Really?
LBT isn't interested in our ideas even thought he says he is.
Lets existing 25+ year cronies EVP and CVPs to continue saving their friends and laying off good people.
LBT is here to cut down company and sell it off the pieces.
LBT silent his time here.
No my kind of leader.