Thread regarding Intel Corp. layoffs

South Korea's SK Hynix to buy Intel's NAND business for $9 billion

SK Hynix to buy Intel's NAND

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Post ID: @OP+17wnlK9t

8 replies (most recent on top)

Bob found a way to get rid of 6000 employees without raising any layoff flags, issues, complaints etc...

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Post ID: @5ixf+17wnlK9t

NSG folsom will take a beating and they deserve it. There's a lot of dead weight in Folsom.

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Post ID: @2auq+17wnlK9t

The work culture in SK sounds to be really really horrible from the perspective of non Koreans.

Good idea to start looking if you are in NSG. Even the other orgs in NSG not affected now could be in trouble soon.

Intel employees has had a pretty rough year so far. The pay is not that good and then no job security on top of it. Time to seriously rethink career choices.

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Post ID: @yne+17wnlK9t

@ole+17wnlK9t
No one is getting laid off, with how talented that team is, Hynix is going to want to retain all the people they can. This is Intel abandoning a BU that became profitable and was about to rocket off (Highest margins for memory and share was on the rise), we even screw up our successes...

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Post ID: @lqs+17wnlK9t

1000 will be impacted at the Folsom site. They will inform the team this Thursday. Finding a job in the middle of pandemic close to Folsom is going to be difficult.Look like Intel is short of cash.

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Post ID: @ole+17wnlK9t

Bad news for Folsom :( I anticipate a good number of positions to move away based on the few things I have heard...

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Post ID: @uin+17wnlK9t

OP here. I apologize. Appears the link to the article didn't paste. One mo' time!

https://www.fidelity.com/news/article/top-news/202010192024RTRSNEWSCOMBINED_KBN2742IY-OUSBS_1

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Post ID: @ysn+17wnlK9t

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