Topics regarding layoffs at Intel Corp.

Topics regarding layoffs at Intel Corp.

Surprise begets surprise

The trouble with Pat and Dave saying “whoopsie doodle things are actually much worse than we let on last quarter” is that there’s still plenty of downside left for them to do that AGAIN at the end of Q3

Bid farewell to Intel

Ladies and gentlemen, we gather here today to bid a humorous farewell to our dear friend, Intel Corporation. Intel, the silicon giant, the processor powerhouse, the chip champion, has left us. And let's be honest, it wasn't the competition that did... — read more 

Nvidia delays Blackwell over design flaws

Everybody is moving to fast in this industry. Reports of this issue started to surface on Saturday: https://www.tomshardware.com/pc-components/gpus/nvidia-blackwell-gpus-allegedly-delayed-due-to-design-flaws

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Age will be a major factor

Watch as Intel does its best to get rid of everybody 50 and over while attempting to hide there's age discrimination taking place.

Any thoughts on how many will accept VSP?

I'm assuming the more accept, the fewer involuntary layoffs there'll be. I'm low-key hoping enough folks are unhappy here and are looking for a way out to minimize the need for laying off the rest of us. That would be a win/win situation, at least in... — read more 

Truth is finally setting in.

DZ even admitted they were overselling things. I think they were hoping for a bit of luck in Q2 and it didn't go there way and doesn't appear to get better in Q3 and Q4. Now, they can no longer hide the fact that the revenue they lost was not... — read more 

China’s in control

Source below… There's no sugar-coating this so I'll give it to you straight: We don't have a competitive domestic chip industry & we won't have it in the next 10yrs China will take 🇹🇼 & control TSMC We will keep buying chips from TSMC w/... — read more 

10B cost reductions in 2025

This won't be the last rodeo of layoffs. And sure it won't come from ELTs pockets. I'm expecting year round CPMs next year

How can projections and status be that far off?

The thing that annoys me the most is that things were looking OK. We finally rid ourselves of the austerity measures, we resumed the intercampus flights, the stock almost doubled in 2023, dropped in early 2024, but had recently made it all the way... — read more 

Why would anyone accept CPM VSP ?

Why would anyone accept the CPM VSP coming tomorrow? Unless you have an offer in hand is there any reason to take the VSP over waiting 2 more months and get salary and insurance? And spend August and September job searching.

So Monday should be fun

Monday is going to be a hoot. After being glue to this site over the weekend I am a bit nervous about coming in. Is anyone else nervous?Opened my eyes to a lot and pulled back the curtain on the type of people I thought were my colleagues.

Voluntary vs Involuntary package differences?

Based on historical data, would anyone know if the involuntary layoff package would be substantially worse than the voluntary separation package? Circuit+ does not mention any numbers for involuntary layoffs AFAICT. Thanks for any insight.

Is Intel 5N4Y still working after 20K heads cut?

Should we revise this strategy after cost reduction to make it sound good and be realistic again? What do you think ? 4N5Y 4 nodes in 5 years 3N6Y 3 nodes in 6 years 2N7Y 2 nodes in 7 years 1N8Y 1 node in 8 years 0N10Y 0 node in 10 years — read more 

Early Retirement Terms vs CPM?

I believe the CPM terms have been the same for the past 1.5 yrs since the Nov'22 actions. Does anyone know what "enhanced retirement" means, and if it's better (or the same as) CPM? I know if you are eligible for retirement, and get CPM'd, you are... — read more 

Its over for Intel

When a company hires a consulting firm they get advice on restructuring. The downside is all of your strategic advantage and innovative secrets and "leap ahead" products are no longer secrets. This is how consulting companies take over and control... — read more 

Generous (for some)

Given the position the company is in I think the package is generous for me. I am almost at 30 years and I get 63 weeks of pay. Also, I get $20K extra payment + $36K SERMA... Finally there is 18 months of COBRA and one year of stock accel... When... — read more 

Pat’s sermon for today

On X today : “Let your eyes look straight ahead; fix your gaze directly before you. Give careful thought to the paths for your feet and be steadfast in all your ways” Proverbs 4:25-26 18A is in utter shambles. There is zero % chance TD will meet... — read more 

Offensive

Form 8k disclosable events: on July 30 2024 Intel passes an exec severance plan for ELT even is terminated without cause. It’s in the public 10Q for Q2 2024. Timing is disgusting

How Many Lives Ruined?

Of the 15-18k what % do you think will never bounce back and this is starting point of their decent into depravity and spiraling into irreparable chaos? They can no longer pay mortgage or car payments or children’s tuition. There are going to be some... — read more 

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