You can’t cut ~20,000 employees without eliminating projects, functions, and products. So what will they pull the plug on? Or do most people believe they’ll keep every project alive (no matter how unpromising) and spread the work across the survivors?
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There's enough fluff to get to 20K. There is probably enough to do 60K too.
7 to 8K might be right if they do this in multiple rounds. My guess is 18,000 in total cuts. They’ll get the small remaining balance to get to 3 billion in expense reduction through the usuals (training and travel, conferences, possibly the free food thing). I’m
Guys stop being d-mb. No one is cutting 20k. Max 4-5k from support groups. Zero cut in TD. Max 5% in business units. So worst case we are talking 7-8k people realistically.
I’m not so sure cutting the GPU group solves all problems. The group is not that big compared to other groups and right now the GPUs are actually competitive
GPU can obviously be scaled way back since it’s bleeding money. Only question is whether that happens in the first round of layoffs or Round 2 when things are still looking rough next year.
All work will continue until Pat says otherwise.
All projects can go on. Intel is 40% overstaffed. If they cancel projects then 60% can be laid off.
They'll cut nothing and spread the load now, in Q1,Q2 we will see projects cancelled (opinion)