Thread regarding Intel Corp. layoffs

Knee jerk

It is as if amateurs are running this company.

  1. Hire 35k workers in 6 months. Really? More than an entire NVIDIA?
  2. Then realize, oh sh-t we aren't making enough revenue. So let's cut everyone's pay.
  3. Oh sh-t, employees hated that. Ok, let's roll back paycuts in just 2Q.
  4. Oh sh-t, we don't have an AI products. And nobody is buying our CPUs anymore.
  5. Oh well, let's cut 15,000 heads, shut down 75% offices, eliminate all perks.
  6. Oh wait a sec. Employees really don't like to pay for coffee.
  7. Ok fine, let's reinstate the free coffee.
  8. Let's make AXG a separate BU. Oh actually, no let's roll it back.
  9. Let's keep DEG as a separate org. Oh actually, no let's merge it into the BUs.
  10. What else?
by Anonymous
| 1621 views | | 13 replies (last November 8, 2024) | Reply
Post ID: @OP+1vnz0egN
Comment! It's anonymous!

13 replies (most recent on top)

  • Our customers want to consume and pay for our products and services based on a complex set of ‘value-based’ milestones.
  • Wait, customers don’t have any interest in that let’s ditch it and go back to the old way of selling.
by Anonymous
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Post ID: @3tqk+1vnz0egN

This post sums it all up. Bunch of amateur hired managers running the show. Zero vision. Zero domain expertise. Zero strategic mind. Just collecting millions of dollars and acting as is they are some geniuses second only to Steve Jobs.

by Anonymous
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Post ID: @1qvf+1vnz0egN

Nah pretty sure they are getting advice from know-it-all consultants with MBAs

by Anonymous
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Post ID: @typ+1vnz0egN

Here is the thing. Most engineers ARE NOT BUSINESS PEOPLE. Yet, they pretend to be or they call the business professionals 'bean counters' and 'power point makers.' This is a big part of why Intel is where it is. VERY BAD BUSINESS DECISONS, linked to cr-ppy engineers that have huge egos and think they know how to run a business when they should really just keep their heads down in their code.

by Anonymous
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Post ID: @opk+1vnz0egN

Now that you put it that way, it's hard to disagree.

by Anonymous
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Post ID: @hlx+1vnz0egN

OP yes it is a bunch of “smart” engineers that had some success more than a decade ago who have zero experience in management or business activities making these choices. None of them have had formal education in business affairs, etc.. sure they might’ve been great engineers and scientists, but they are horrible at business decisions.

by Anonymous
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Post ID: @btj+1vnz0egN

You forgot to add: give away awards and huge bonuses to VPs responsible after each step.

by Anonymous
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Post ID: @bgw+1vnz0egN

It’s all they know how to from the ground up. Knee jerk reactions.

by Anonymous
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Post ID: @som+1vnz0egN
  1. Gaudi is amazing. It is the centerpiece of our AI strategy.
  2. Oh wait, nobody actually cares about it so let's write-off $300M of inventory.
  3. Let's put Habana team in charge of AI.
  4. Oh, they all quit after collecting their retention bonuses.
  5. Build, build, build. Let's figure out a way to fill these fabs later.
  6. Oh wait, we don't have any money. Ok, let's pause Germany and Ohio.
by Anonymous
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Post ID: @bsr+1vnz0egN

Very well summarized, OP!
To add:

  1. Let's split XEG into two parallel orgs and let both drive the server roadmap. Oh no, let's make only one of them own server roadmap
by Anonymous
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Post ID: @bkd+1vnz0egN

Pat and ELT have totally lost it and are incoherent.

by Anonymous
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Post ID: @tzy+1vnz0egN

Lavender is a useless pile of garbage spewing CTO

by Anonymous
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Post ID: @udn+1vnz0egN

They had AI products problem is Greg Lavender is too busy travelling and “being a CTO” to realize that software needs to stay competitive and you don’t just buy it and let it sit on a shelf….

by Anonymous
| | Reply
Post ID: @ndg+1vnz0egN

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