Mid-November layoff is already on going at the moment. They are planning to have about 13-16 technician per manager.
This is a step closer to replacing all the blue badge techs with green badges.
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Reboot it Now !
if 18Fn14a has low to no sales then INTC will be no longer !
Evening Oregon news story says 600 jobs cut, just recently. Yikes.
@cv you're either not paying attention or you don't work at Intel. It's been openly announced in recent quarterly meetings that the goal is to run "lights out fabs" as much as possible. Outsourcing starts next year, and I've heard it'll happen as soon as January. Ultimate goal is near complete automation in the fabs
They are not replacing BB with GB. Rumors GB are getting cut too. Stop spreading fake news.
Local OR news story from KGW about the current layoffs in Aloha and Ronler.
https://www.kgw.com/article/money/business/intel-669-layoffs-hillsboro-aloha-oregon-warn/283-7bb6e0c5-fb8d-4dd2-80ef-5cea3d5fecea
I'll have AI prepare the HR presentation
Intel is like the Lehman Brothers of the tech world. Being propped up by the govt as they think it’s too big to fail. Otherwise the stock would be $2. It’s currently at 37$ with a 600 P/E.
I'll have HR prepare the AI presentation
At the end it will be 40K leaders asking why the 10K ICs can't be more efficient