As rumors have started circulating, does anyone have more detailed insights on whether new mass layoffs will follow or will everything just remain on rumors?
7 replies (most recent on top)
Years of terrible state government in CA have made it increasingly appealing for companies to scale back or move operations elsewhere.
good riddance to Folsom IT employees sick of the entitlement attitude
Well the NAND group is in Folsom, they are going to Hynix. So there's some of the drop. More and more IC design is going to Malaysia and India because the engineers are just as smart but paid less and also lower cost healthcare. FM doesn't have a fab and it's not Jones Farm. It's days are numbered, maybe 5 yrs before shutdown.
When you can't manipulate with cultism and greed as in other hot tech companies, you have to rely on fear and uncertainty. Let the fun start!
Agreed.
It is very healthy to constantly feel like you are about to be laid off? but that has been the case almost every year at Intel since 2002, and I don't think that Intel has benefitted from that, much less the employees: both voluntary and involuntary turnover of hard working employees who have years knowing what to do will result in a loss of knowledge and a loss of the ability to implement long-term plans- which is exactly what is now happening, as it did with GE, after using the forced quota employee performance rating distribution
It's very healthy for both the employer and the employees to constantly feel like on the cusp of being laid off. Good for productivity and morale. So it's a win-win situation.
I think more rumors of layoffs should be circulated by Intel to keep the atmosphere energetic.