Preparation underway for a huge bloodbath by end of April.
Preliminary internal numbers for the first half of Q1 are in, and the situation is much, much worse than ELT forecast. That explains the huge dividend cut and the preparation for massive layoffs. Get ready, it's about to get really, really ugly.
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manager here in CCG. We are being told to prepare names for a further 'org optimization' action.. may not be a big addition, but appears each team will be ask to look for a little more..
CA layoffs starting soon.
@pio+1liW58U0, AG was the original @$$hat Intel CEO. Only the paranoid survive.... what an abusive philosophy to impose on your workforce. He could pull that sh!t in the 90s when there was no competition and everyone wanted a PC or server. The company embraced the philosophy and now that it isn't a monopoly market the house of cards started by AG is crumbling... good riddance. The real estate can be bought up by responsible companies.
@ghm+1liW58U0 That would be awesome! Sign me up for a defined benefits package in exchange for that 5% cut.
Are you familiar with old expression about death and taxes?
You can now add Intel layoffs to that list.
@pio this pain isn’t from Pat, blame BK who outsourced and cut all engineering in favor of stock buybacks.
Fire that no good CPO
Intel will be a hostile takeover candidate before $15 if they don’t get rid of the mo--ns running, nee, ruining the company. My guess: too late anyway.
The layoffs will continue until the stock hits 15 dollars. That's the value of Intel thanks to self serving sc-m like Christy and Pat. Gone are the days of Andy Grove.
I dont know why everyone thinks we are in a second phase now. We're still in the original layoff window which to me was always until the end if Q1.
Unfortunately, better than the odds of seeing Pat in drag. Pouty lips, soft skin, long lashes, roses cheeks. He’d be a total babe.
Approximately 100%
Yes.