Just after PG became CEO in 2021, he started saying that our a) best days are to come b) across the isle and all depts they raised salaries, c) raised stock grants across the board and d) have hired close to 25K just from 2021 -2022.
So that means we a) even a year ago had no idea what may be coming or b) have deliberately ignored what may be coming.
Next Pat in his last address mentions our margins are low and costs are high. He and his team did not know this 2021 even after working at Intel for 30+ years?
When Intel went on a hiring spree, the executive leadership did not had any idea about their cash flow and how to do the math?
To me this is not only a planning failure but a gross negligence and greed of the leadership. However, this is not new. Happening over the years with sycophant managers, inept leaders, spouses of managers and so on.
We expected Pat will bring something different, some hope. But he seems to be of the same breed. He has no idea of what he is doing or what he will be.
So we know what we are going to get.