I understand that there may be uncertainties with the current situation regarding CPM. The top management is conducting further assessments, there will be a delay until Aug.
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This was just a cleanup round from what did not get done last Fall.
LBT gonna start removing thousands at a time, as he sells off the older fabs and shuts down or sells non-performing products.
More thousands will become contractors, if they make it through the application process.
In 2 to 3 years Intel will be in the 30k to 40k range.
@b0 Something big is expected in October.
Rumors abound.
@b0 As long as OT can charge customers a constantly increasing (seriously, who else does this) support/maintenance fee annually, they won't get rid of anything. Zombie products with auto-renew support have been keeping them afloat for a very long time now.
RightFax, anyone?
Clearly this round shows that any hope of reducing headcount further is going to take more than just identifying a few low performers.
Face it, most of the workers are productive, it is what they are working on that is the issue.
The company needs to get much more serious about deciding what it will no longer do, and sell off or shut down those groups.
There is a bit of that in this round but for most groups this has just been yet another exercise in meeting a slightly lower targeted spending, with little or no effort put into stopping anything.
The conglomerate is the issue, and that is what needs to be chopped up and sold. Get Intel down to a core business that may or may not include the fabs, and is something like 35,000 to 45,000 HC.
They will get there, apparently in the most tedious and slow way they can think of, because no on in upper management wants the compensation that comes with cutting the company in half.
That has always been the real problem and it is far from solved.
As BTO used to say, 'You Aint Seen Nothing Yet'
This is the Cadence playbook, as clearly approved by the Board.
Not a mystery how this will work out.
Layoffs, then outsourcing, then selling of older fabs and product groups (where a buyer can be found).
It's not rocket science, but do try not to be in the exhaust plume.
HR is working on the first of many outsourcing opportunities, to be done group by group.
Not a mass layoff and most won't know it is happening, even as BB headcount melts away.
Not trolling or hype. It's coming..
"Are?" Or did you mean "our?"
Being a native English speaker might have helped out here a bit.
I don't believe OP is ready for quarterly actions over the next 2 years.
bro just rip the fu--ing bandaid off already, are they actually re--rded