Thread regarding Intel Corp. layoffs

I don't believe OP work for Intel. That is why he loves his job. Everyone at Intel only love Intel and the money but they don't like their jobs because of constant layoff threads.

It is very amazing that Lick Butt and you can bring a 50 years old company worth 100 billions dollars to 500 billions dollars in less than one year after just laid off 40000 family members. Does it sound like a very talent gal just join here?

@14n that's not true, recheck your information.

In our software org some VPs left, yet even more LouisVuitton's friends were hired. This didn't affect speed at all.

If you personally started working faster after some far-away VP left with a golden parachute, this only means that you were useless and didn't do anything without an external push

I don't believe he can tell those su-kers do it right the first time on A stepping. That is a joke if he can understand how to fab a chip with less than 50% yield.

Correct and LBT is shortening that long runway...so that you land on first time around. A step

@10z Every manager or executive inherits projects and programs from his predecessor, so of course LBT got some good things (and a lot of bad things) from Pat, and Pat did not create the fiasco, but his approach to solving it was to go bigger and that ran out of runway.

It's not so much about what was in place when the new boss took over, it is about what he/she/they/them did with it.

@10z The BOD is not the same at all. LBT got many of the most useless BOD members to exit.

He also reduced the number of VPs from about 450 to about 200. That alone improves velocity, because of all the pointless and time consuming nonsense each VP generates.

The thing that no prior CEO since Andy Grove was willing to do was to make Intel meaningfully smaller. Each of the prior CEOs cut at the margins in vain hope that 1995 was going to make a comeback. D'oh!

People can argue about it all they want. LBT is the CEO Intel has needed for the past 25 years. I'm certain that in chopping up the company he will be proven to have gone too far in some areas, and that sales will be lost because of that, but the previous path was to zombieland.

@10x let's break it down:

before the process existed to even TRY to get external customers

VC's are good and fancy, but Intel isn't a startup. Nobody is going to give you money for something that doesn't exist yet. It was a right call, that Lipton is currently gets all the credit for.

he did slow it down

Nope, he didn't, Panther Lake as the main 18A customer was released on schedule.

while shedding (TD) management

Meh, there were a couple of rearrangements, but most of them weren't responsible for Fabs anyway like Greg. Middle managers became ICs, so nothing really changed. Some VPs started reporting to Lipton directly, but that doesn't matter when you have 30+ directs.

Intel is not a company that could afford what Pat was trying to do.

It should've been done earlier, yes. But if Pat hadn't started the Fab turnaround, there would be no Intel today.

As a technologist, he was clearly weak on the finance side, and having Dave did not help much either. A better CFO would have kept the situation from getting out of control.

A better bean counter would've stopped Pat, we wouldn't have had 18A, Panther Lake would be a TSMC-only chip and Intel would've been done. Great outcome!

The old Intel was stuck in a go-go 1990s 'never ending excess capacity' model, always building more fabs and investing in growth. That's fine when free cash flow outpaces Capex, but that hasn't been the case for 25 years and it was way past time to get real about how the company needs to be run, and it was running the company into a ditch.

Yes, BK and others were terrible for Intel.

LBT was willing and able to do what prior CEOs and the BOD were incapable of doing.

You do know that BOD is primarily the same, right? And Lipton did nothing but kiss Trump's a-s, yet still he's not as good at it as other CEOs.

A driven person (focused on incremental self improvement) can work anywhere.

That is absolutely true.

Everyone else already left Intel or being laid off OP. Only you and some id--ts still there to collect paychecks. Stop saying everyone hates Intel while it is laying off its own people. I don't like my job but at least everyone else love AMD nowadays.

@r1 90% of quoted statistics are made up on the spot. Here's a statistic for you: 50% of people have lower-than-average intelligence. Your chances of being in the lower 50% are substantially better than 50/50.

@qn Anyone who wants to be in a hot tech company needs to be in AI or robotics now, just as social media, crypto and EVs were previously the place to be. Not semis, ever.

For everyone else, stick with a company that can sustain gross margin over 50%, because those are the companies that can afford to pay well, offer good benefits and some level of job security.

Intel is not yet done downsizing but it appears most of that effort is done. Always going to have some level of reorg and rightsizing in any tech company, so anyone wanting to work in tech needs to work at being resilient to that reality.

Always be increasing your skills, able to add value in ways that others can not. Never stop doing that till you retire, and you may even find the work enjoyable along the way.

@qd tell us exactly which projects Lipton started? All of the current ones were started by Pat, both in Products and Foundry.
This includes both the released and ongoing ones. Lipton just make people leave to make the books look better.

It is ok for you to like or dislike your job OP. Is it ok for someone to love or hate Intel ? Do you think AMD people like their jobs or hate Intel ?

@ks OP works for building services now? No longer one of the employees impacted by ACT? I am very confused….

2-5% of the employees have it good for the rest it’s a nightmare.

@qd even you just highlighted that the organizations are going to get leaner as time moves on. So what hope are you giving the same employees? To be feel blessed to still be employed in an unstable company questioning when they would be considered the next round of fat to be trimmed?

Why does it manage badly the last 50 years and 'good' now in just a few months because of the stock bump up over $100 and laid off 40000 employees? My bussiness class never teach me a good company will lost a massive of employees and everyone should worry for their future career at such bad company after massive layoffs.

@qd I couldn’t agree less… but it shouldn’t be only those less than 35!

Everyone should consider if this is what they want to continue working in a company going through this transition because facts remain “no one” is indispensable. And this environment is only going to continue evolving

@OP the haters can't take the fact that Intel is actually a pretty good employer.

Poorly managed in the past, but getting better now that LBT is doing the right thing(s).

Expect improved product decisions and an organization which gets more lean as time goes on.

The layoffs are fixing the excess capacity and nonprofitable activity that was overwhelming the company. These are common issues at previously successful tech companies, and LBT knows how to make it good again.

Not that those let go are bad or poor performers. For the most part they were just not needed. The long-standing strategy of holding excess capacity was the issue and LBT is in the process of eliminating that, group by group.

Those let go should just move on and find the next job. Those who are under something like 35 should consider whether they want to continue to work at a company going through this transition, as it may last most of their remaining career.

But the pay and benefits are better than the options available to most workers, who should just focus on adding value regardless of what company they work for.

Did you clean Intel toilets today OP?

Most of the posters here including the site originator were laid off in ACT or SET which is now decades ago. They are bitter, obsessed, and make things up to F with real employees.

@f1 in Maria Carey’s voice singing : why you so obsessed with me… boy/girl I wanna know….

I still love shitTel even it laid me off. I dunno why

I love my actual job. I get to do things I love every day and I'm not making a joke. If management and leadership didn't get in the way all the time, we'd thrive. Lose the politics and lying and I'd never leave.

@b2 if the “DEI Hires” main accomplishment is setting up storage locations and needing managers hand holding and constant validation to perform core functions then sure, they earned the title deadbeat!! Company profits sure doesn’t come from storage locations

i only love intel when it reaches $500 share prices XD

@bt They think because Number Go Up it means they are successful, but all it really means is that they are a fraud like Bernie Madoff.

I don't believe OP like Intel. OP and others only like his/her job and money. That is the reason why they still stay at this shitTel place.

@at exactly. The only reason Intel still exists is because of the deal Trump made with it and bailing it out.
People should understand it's a temporary bail out. Intel is still losing multiple billions of dollars EVERY QUARTER and there's no recovery in sight.
Because Intel has a lot of cash on hand, Intel can survive like this for a couple of years.
But after that? Intel is done.

No not alone! We all in the def met team of Oregon are beyond happy! Come join our team today!

The haters and whiners are the entitled deadbeats that were hired in the DEI days from 2011-2021 where they fired a lot of employees fairly indiscriminately but hired new employees very discriminately. These people still think company profit comes from feelings.

@at Exactly! How many managers do you know at Intel who make it a point of pride to never set foot in the lab. ALL OF THEM! Meanwhile Elon musk sleeps on the factory floor. Now he is sleeping at Terafab and has hired all the top engineers from Intel over the last six months. Now he is engaging with TSMC after hearing their horror stories. Intel is done for once the h1bs upload all the ppts into grokbot and show Optimus what buttons to press.

If you like your job you are probably one of the 15 layers of management blowing smoke up each other's as--s congratulating each other on another PPT presentation well done. Enjoy it while it lasts and remember you wouldn't even be here if Trump didn't save your worthless as--s from the welfare line and as soon as he is gone so are you!

You can follow my lead and find exactly the same job as your competition for 1.5x your salary. Without the typical Intel "ooh, we have budget cuts, no raises this year"

Love my job,
Don't like the politics, bad mgmt and endless cpm / perk cuts

Dream job for me tbh. It's just exhausting to worry about job security every freaking quarter.

My job is fine, the politics at intel are not.

@OP I like mine. Just wish the politics would improve.