Topics regarding layoffs at Intel Corp.

Topics regarding layoffs at Intel Corp.

Will there be layoffs in TD Design enablement?

Pat mentioned about benchmarking headcount within teams at Intel vs competition. The very basis of DE was formed based off the benchmarking of headcount at TSMC, this was mentioned by GP in one his QGS. Does this mean DE has the right headcount and... — read more 

Distribution of ER/VSP/ISP

People are taking ER/VSP in DROVES it is quite possible that it ends up like this: ER : 5000-6000 VSP : 3000-4000 ISP : 10000 Total exits will be 18-20k.

Intel Years From Success in Foundry

https://www.eetimes.com/intel-years-from-success-in-foundry-business-analysts-say/ “The yields are just really bad,” Bernstein Research senior analyst Stacy Rasgon told EE Times. He questioned whether Intel would see meaningful shipments of 18A... — read more 

Things to come in near future

BK used to use the phrase 'virtuos spiral/cycle' to paint a rosy picture. It appears that we are in a 'vicious cycle ' now. layoffs cratering employee morales. For the next 6 months teams will be paralyzed with gossip and legacy knowledge that... — read more 

Where can I find more on the Unionizing?

There were some posts in the past regarding this. Maybe taken down? I have been discretely trying to find more information about this but people I trust at work seem to very tight lipped about it. There is about 2 months to go before my bargaining... — read more 

BOD approved new ELT severance package on July 30th

BOD millionaires taking care of ELT millionaires ahead of announcement of layoffs. From Intel's Aug 2, 2024 10-Q filing: On July 30, 2024, our Board of Directors approved the adoption of the Intel Corporation Executive Severance Plan, effective as... — read more 

Interesting Article

Even industry folks know how intel saves money by under paying employees (NOT considering stock and bonuses ) lol https://finance.yahoo.com/news/nearly-20-000-intel-employees-130016450.html

The pathetic part about the ELT benchmarking effort

People keep threatening Pat with talent drain on Circuit+ but the reality is it’s already mostly done. The ELT wonders why we look so bad compared to TSMC on all these benchmarks but it’s because they still have their talent and we do not. It’s like... — read more 

Moody's downgrades Intel's senior unsecured rating

Moody's downgraded Intel's senior unsecured rating on Thursday to BAA1 from its earlier A3 rating, citing concerns about the chipmaker's profitability. https://finance.yahoo.com/news/moodys-downgrades-intels-senior-unsecured-223746528.html

Mobile and GPUs

Pat is not to blame for this mess. Intel's demise started when Otellini did not agree with Apple that ARM was the way to go for mobile processors and Intel did not go full in on GPUs for product development over 5-7 years ago. Pat is now trying to... — read more 

Retirement - medical cash hand out question

Help here needed to understand, don’t know much about medical payouts, tax, what it can be used for. With 30 years, there is what I thought was about $32,000 you used to accumulate at $1500/year. Is that SMERMA cash? Does that have to be spent on... — read more 

Intel has NO moat

Intel’s large moat which was being a powerhorse of advanced manufacturing and of a unique x86 architecture have been decimated. When you have poor leadership (Pat + ELT) and no moat, the business deteriorates and goes down the drain (awful... — read more 

Downsizing

Let's hope Intel doesn't figure this one out. https://www.imdb.com/title/tt0974085/

What will determine ISPs?

Any rumors out there on whether they will be determined by performance, years of employment, or something else?

Irish Fab MT numbers

Any idea what % of your area are opting in? Seems nearly 50% in mine. Seems like there will be a lot rejected. 😕

CPM minimum

Thinking about taking CPM at 2.5 years of service as I feel good about an interview I just completed last two week. Is there a chance I get denied given my short tenure?

Enhanced retirement, what age and how paying for medical

Who here is planning to take the enhanced retirement with the plan to retire What’s your ~age and how are your handling medical (assuming under 65)? Not many tech positions in FM and if I take it, mostly like won’t work in tech (don’t want to move) — read more 

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Jobs after Intel?

What are the common jobs folks get after leaving Intel as a LTD engineer with Phd....you can work for competitors but almost all of those are in person.... Any remote jobs even if it's a different industry that folks have transitioned to... — read more 

Soda money?

"Billy likes to keep the money on the field." "Soda money?" https://www.youtube.com/watch?v=1pzV9GoSuys

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Millionaire Executives

Intels millionaire executives need to have a long hard moment of reflection. You greedy fu--s have taken an inspirational exciting respected company and ran it into the dirt. None of you have any respect for what Robert Noyce and Gordon Moore built... — read more 

Maybe Pat is not the problem?

Let's see how well we understand Intel, and it's business. If one was to guess how long it takes to design and build a CPU based on a new architecture? Is it one year? Two years? Three years? Five years? or Six to eight years? Spoiler... at Intel... — read more 

Who'll be the next to sue Intel?

Now that Intel shareholders are suing the company, who'll be next? I can think of a few groups, laid-off older employees included (age discrimination).

As strange as it sounds

I’m thankful for this mess. It finally pushed me to look for other opportunities. I’ve been here for too long and became complacent. Honestly, I feel more energized now than ever in the past couple of years. I don’t care that the job market looks... — read more 

I have two interviews set up for next week

I'm ready to take a pay cut just to get away from Intel. The only thing that's giving me pause is leaving right now when there's such a high possibility that I might be laid off. I'd hate to miss out on getting severance. Would I be a fool if I... — read more 

Problem solved

It's up to employees now to save the company. Buy 2 intel Processor based laptops/ desktops instead of one starting this month. Also ask your neighbours and family members to do so. More sales = More revenue= less layoffs. Every contribution counts — read more 

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