I swear, it's their goal to instill fear in all of us with the constant threat of layoffs that never truly stops. Do you remember a time when you didn't fear for your job? I honestly don't. They want us to be afraid so they can control us more... — read more
Layoffs in Folsom
What is the situation in Folsom? Does anybody know how many will be affected?
There’s not point in staying in Intel
I hope I’ll be laid off. Otherwise I’m leaving on my own. It’s been obvious for a while that Intel is circling the drain, and I personally think it’s beyond saving. From the perspective of an employee, our compensation in most cases is too low, there... — read more
$10 billion savings-where!!
Numbers don’t make sense. With 15% headcount reduction (ignoring the severance cost) I calculate about $3 billion in savings from HC reduction. Still $7 billion left. I estimate austerity will have to come back. 25% reduction in salary on average... — read more
Layoff Timeline
Does anyone know when they will start laying off employees and when will the layoffs end for this cut
Intel says the sky is Not blue
Which is more power-savvy, ARM or x86? Easy answer: ARM. Unsurprisingly Intel, the company responsible for designing most of the world's x86 chips, thinks it's... — read more
Sam Altman to the rescue?
Is there any chance that Sam Altman will save Intel by using some of their fab capacity to make "AI" chips, or by buying pieces of Intel? Outlandish or possible? Inquiring minds want to know.
Intel Has Fallen Way Behind AMD in 1 Key Area
Intel (INTC 3.12%) stumbled through manufacturing issues in the past, and only now is it starting to right the ship. The company's entire desktop CPU lineup is still made on its Intel 7 manufacturing process, which is based on the same 10nm node that... — read more
Hopefully, they'll make my decision for me
If I'm being honest, I'm tired of the toxicity, unprofessionalism, and having to play office politics day in, day out. I've been wanting to quit for over a year but all the job offers I managed to land came with lower pay. While I couldn't get myself... — read more
Intel Plans 35 Percent Cut In Costs For Sales And Marketing Group
https://www.crn.com/news/components-peripherals/2024/intel-plans-35-percent-cut-in-costs-for-sales-and-marketing-group
Wait for the Lord.
That’s what Pat said on X yesterday. https://x.com/pgelsinger/status/1825211051874340882?s=46
Anyone feel pressured to take retirement package?
Title. I don't want to leave this job, but I feel like I'm being forced out. I am 90% sure I will be ISP'd if I don't take enhanced retirement, which is a significantly smaller package. The truth is, I work maybe 20 hours a week. Most people my age... — read more
Hiring a consultancy to conduct layoffs
demonstrates that HR, mid mgmt, and leadership are not competent at their jobs.
Intel's layoffs vs Samsung's labor disputes: shaping future semiconductor competition
Intel's underwhelming second-quarter 2024 financial results have prompted the company to announce plans to cut 15% of its workforce, approximately 15,000 employees, aiming to save US$10 billion by 2025. This decisive move contrasts sharply with the... — read more
Someone has to actually Say It.
Intel leaders making the world look rosy in powerpoint is acceptable when you're trying to motivate your employees but when you do it externally it is considered ILLEGAL.
Intel the next Enron!?
https://www.youtube.com/watch?v=EYdgIQNOFfA Pat is in fact burning INTC to the ground!!
NEX cuts
It appears that NEX will be receiving a budget cut of 26%, and there will be some announcements coming next week. Anyone heard which projects are impacted?
What do you consider decent savings?
How much do you think is enough for somebody in their mid-20s to have in their savings and not have to worry about layoffs? Or let me rephrase that, how much is enough not to have to worry about finding a new job within two to three months after... — read more
I love INTC
got interviewed at TSMC AZ for manufacturing role. Higher work hours, low pay and they hate the word "No" for an answer. Basically a sweatshop. Makes me love working at intel
What has Intel done right in the last 20 years?
I guess their mobile GPU tech is OK. But it seems like their innovation stalled in the late 90s/early 2000's. Perhaps some Atom cores for low power? I think the canary in the mine shaft was Jim Keller giving up. He could help save AMD but not a... — read more
Job security
Does anybody at Intel feel like he or she has job security? If you do, can you please share why? I'm yet to talk to one person who isn't worried not just about being laid off but being fired for whatever reason. This is all outside of top management... — read more
61DAC Keynote: Gary Patton, Intel Corporation
https://youtu.be/Ziid2dA70Hs?si=pnr5W9blIYIkT4LM
Intel should consolidate Youtube channels
There are very few views for the video. Consolidate and save costs. What Intel needs are people who can design competitive CPUs and GPUs, who can write software to compete with CUDA, who can deliver 18a tech, and who can manage factories... — read more
It’s a big club and you’re not in it.
https://youtu.be/Nyvxt1svxso?si=H1fnSBow5rKEVpws
Intel IFS is a fraud
https://www.tweaktown.com/news/99799/intel-hit-with-lawsuit-alleging-investors-were-hoodwinked-by-ceo-and-cfo/index.html
Love to see all those analysts Pat interviews …
To show IDM 2 is correct throwing him under the bus one at a time. Pat moorehead is the last one
The Board
This has got to be the most ineffective board of any large public company. Let me get this straight - your CEO who you appointed after great fanfare, calling him the next coming of Andy Grove, bestowing on him a $200M largesse - fu--s up so bad that... — read more
How consultants robbed intel
Fun fact: for 15 years until 2021, intel had hired Bain on a retainer basis, paying them millions of dollars per year to consult on a variety of “strategy” topics and to collect industry insight. Think about what happened in those 15 years. Intel... — read more
Has anyone landed a new job?
Just out of curiosity has anyone actually landed a new job? Do you know anyone who has actually left recently? I know the vast majority of us are applying and many have been for the better part of a year even before the official announcements, but... — read more
New intern hire layoff?
Just started at intel as a part time undergrad intern that goes year round until my grad(2 years) will I be laid off
Safety Good catches / Proactive Good catch quota
How many have been asked to submit 'good catch' just to please upper management? If Intel is serious about cost-saving, they should cut out the nonsense. It's time to consider letting go of managers who persist in requesting these.
What FLMs at Intel actually do?
I'm wondering... In my org pretty much every team is divided into 2-4 subteams, each with team lead assigning work, coordinating with PMs, escalating issues etc.., and everyone individually creates and rates own OKRs, and writes own Insights. As far... — read more
Former CEO Eric Schmidt explains why Google fumbled its lead in AI
No more WFH + employee logging (work hours + task tracking etc). Intel has to fundamentally change its culture to be competitive to TSMC. https://www.youtube.com/watch?v=ltfiLJ76Ofo
No more work from home
Believe what you will. But wfh is coming to an end. Just got word today.
More lawsuits for layoff to manipulate stock price
https://www.reuters.com/legal/intel-is-sued-by-shareholders-alleging-securities-fraud-2024-08-07/