You are burning the company that you say you love to the ground. Step aside and let someone else who knows what he is doing do the job!
Mo--ns
20 years ago Intel had about 750 employees for every VP. Now it's 190, so to save money and streamline decision making they are lowering that ratio further. Brilliant!
Is it true the Federal will be on a chopping block?
Well, this is then probably the last time there will be govt incentive, I guess.
Can my COO afford a decent shirt?
The man announces the worst news in company history in an ill-fitting shirt he got from JC Penny.
No mention of ELT taking pay cut
Tells you everything
I hope they're drinking liquids they brought from home.
They should be the first to stop having free drinks.
Dave smiling
He is smiling????
Worst News in ACM
Gotta pay for those bananas now. I'm out!
With the generous Federal subsidy
If you are a US tax payer that get laid off, you'll get back some tax dollars as part of your severance package. Cheers!
Intel Federal layoffs ?!
Heard this time even Federal will not be spared. I know so many who went there to coast on govt money. Well that backfired I guess
No RTO?
No way to enforce RTO if we are consolidating facilities...
Gross margin miss from 45 to 38
How the fvxk do you miss that BIG only 3 months out? It’s either blatant lying or incompetence. Not sure which is worse.
NO MORE FREE FRUIT
Lmao, can't even joke about free bananas anymore
Why do people talk about old Pat but not the young David here?
Who are responsible for Intel financial collapse?
The absolute laughing stock of the entire semi industry
Just when you think can't get any lower.... Holy moly lmfao
VSP takers from eight years ago?
I’m glad I took the VSP. After 34 years at Intel in really pains me to see the depths the company has fallen and the pain those that remain will be going through. The blame is squarely on BKs shoulders.
50 billion of debt
They are running the country to the ground lmao
Folsom site closing
This is good news i have seen many employees from my organization that cannot be on call, cannot come into the office all claiming to be ‘senior’ but in reality are a--holes
No mention of Gaudi
Last quarter Intel was talking up Gaudi like they were going to eat Nvidia’s lunch. Rosy forecasts of 0.5-1B in revenue. Fast forward to today. No mentions at all. Meanwhile AMD raised guidance on thier Instint AI accelerators from 4 to 4.5... — read more
QPB
Whats out Q2 QBP?
Are Intel going to be kicked out S&P 500 soon?
Anyone knows at what price it will be delisted?
Why does Intel still keep failing?
Id--ts bullsh-t who sc--wed up still get paid to stay. Working employees are being trashed to pay for those id--ts.
Pat's Key Priorities list
Pat list several corporate initiatives. Never mentions Quality once. or simply don't release deflective products.
So it's all Voluntary and Early Retirement?
Surely you fire the re--rds first? Company is doomed
People who sc--wed up Intel
will not bring it up. Especially by layoffs only.
I hope all those coasters and brown nosers getting laid off are crying right now
You only have yourselves to blame. The entitlement stinks from here.
BK: I'm the worst Intel CEO ever
Pat: hold my beer
Instead of announcing layoff
Pat could have saved the stock and thousands of jobs by hinting that he's exploring selling fabs to Abu Dhabi
Time to fire Pat and split up Intel
Long time Intel blue blood who left Intel a few years ago. Pat has had enough time for a turnaround and if Intel is not restructured, its product business will get to a point of no recovery also. I just looked at the updated quarterly results. ... — read more
“Headwinds” always Headwinds to blame
what a crock of lies ! we have been hearing the headwinds excuse for over 2 years now ! the toxic cult that is intel now can’t even invent a new word , or a new excuse , see Dave the master BS-er below. Fkkkk off Intel , we are dead. I am leaving... — read more
Congrats to those employees who shorted before the earning call
Instant return of 25% is quite sweet
Fabless Intel?
Since Pat is saying that Intel will be Fabless does that mean that the majority of the cuts will be process engineers and technicians in the fab?
Another way to appreciate the layoff
"It's my pleasure to get paid $1000 for each employee I laid off." - Pat
Are we going to be asked to take pay cuts and zero bonuses again?
for the unlucky souls who don't get culled, i wonder if we are to expect no raises, pay cuts, no bonuses and be expected to su-k it up and be grateful, while our execs all f**k off in their ferraris to their holiday homes in Maui ? If i was the... — read more
Surprised they didn’t announce return to office
That would be a good way to push people out without severance.
Where is the accountability?
all companies have ups and downs ... that's normal ... but in this case where the he-l is the accountability .. Saf, Pat, Dave, CS, Saachin the rest of ELT ... come on, lets grow a pair and fire some frecking people ... jeezz... its like giving... — read more
Finally Good News!
It's been a long-time coming for Intel... they finally stopped the death by the weekly CPMs, and just peeled off the bandaid now. Intel should've never been more than 100K HC ever. Mgmt should've just set a hard HC cap, and say that if we need more... — read more