Thread regarding Intel Corp. layoffs

Intel hasn’t had a real leader since Andy G. Just cuz you TA’d for him and believe in gif doesn’t mean you’re going to save the company. Intel’s problems run deep, no previous CEO or Board have addressed, and everyone thinks old guard will rescue. Not a chance. Fire all the Board members at this point.

precisely...

and human nature makes it hard for people to cut their losses...

continuing to invest in a losing course of action when all rational logic makes it clear you have reached a dead end...

the only option besides IFS is to divide the company but nobody on the board has the nads to go anywhere near that idea

The company has performed horribly since the tech bubble burst. Intel is still in x86 jail, and that prison cell is shrinking every day. A turnaround will require a sprint to the front in some CPU-adjacent technology, but those efforts have come up short (getting a top shelf Discrete GPU offering prior to ChatGPT would have been great, but we didn’t get there).

I’m skeptical about Fab as a Service, but there haven’t been any other ideas that the company could execute on. And complain all you want about Pat, but it might be better to realize Intel’s issues are deeply-embedded and far bigger than Pat.

Pat has a really well-connected friend named Jesus who helps him communicate with Andy Grove, Robert Noyce, and even Steve Jobs.

I've been acquainted with Pat personally over the decades--386 test engineer, vmware, trade shows. He's a technical person--not a business person. He doesn't have the BS filter to sort out good product ideas from bad product ideas. We were initially excited about being acquired by Intel. But that quickly evaporated and our situation grew worse than pre-acquisition--with no hope of leadership, growth or personal recognition. Out now, working full time as a consultant, growing and being recognized.

I don't know anyone who thinks this. Intel people I see around me either think it's all BS or don't care.

Pat is NOT a CEO, he is a politician. A REAL CEO like Andy would be 24/7 in the FAB and have daily stand-ups. Intel is in real trouble, they have lost ALL leadership in high tech. What does our CEO do? Travel...not a good look folks

@1qkg+1nIiHsQx

Perfect summary of the ‘strategy’’

Building fabs that nobody wants.
This is the grand plan.
It’s farcical on the face of it.

Pat is hired to do the song and dance so he's singing and dancing. Is it relevant?

Patients run the asylum so who cares about relevance.

Pat is delusional, he has no chance of fixing Intel. Building more fabs to build more chips nobody wants is insane. We need to fix our designs, need high performance, low power designs coming out every 18 months. No one wants our bloated, power hungry, buggy CPUs released every 6 years.
Pat does not understand Intel's problems.

Pat's trying to do what he can, but he can't really do much under the circumstances, and the "went there did that" cheerleading is quickly getting old.

If not Pat, who else?
There is no one who can manage the fabs and such a wide HW architecture portfolio.
He may not be good but he is the best available!

Can you explain the logic that Pat keeps making things worse for the first 2 and half years and then by magic everything suddenly improves? Apocalypse or what?

Hmm so people think Pat needs at least 15 years to fix things. He'll be dead way before that...

Pat might not be the best, but he is the best the company can get in their current situation. Be pragmatic.

I just love the way he says, "Hi Team Intel!" That really says "I'm a cool dude 😎"

@1ggw+1nIiHsQx well said.

Pat has bet the farm with the board's blessing.

It likely won't work, but worse yet Intel will waste $50 B and ten years before they finally throw in the towel and split the company up.

Why do people think Pat is the chosen one? Because, they're sycophants.

OP is yet another armchair warrior that obviously can do a better job...

Leave Pat alone. He's a good man. He doesn't let us go en masse. He believes in a slow trickle. We get a few extra months.

‘Leaders’’ at that time were too wrapped up in their self-serving narcissism exerting ‘influence’ on the market to pay any real attention. How many time the chart with the inflection point, one curve going down and another curve going up was presented to end up as a joke with a bunch of id--ts one on top of another literally and figuratively speaking

Pat presided over Intel for decades prior to his return. He knows how the engine works.

Unfortunately, that engine is no longer able to run in the modern world. We’ve run out of customers to sell PCs to. This is the fundamental reason for Intel’s stagnation. It’s why BK and company focused on cost reductions and financial engineering because the growth simply wasn’t there. The PC market is saturated - period. Intel can execute perfectly on the PC roadmap and get the stock back to 50-60 at best which is at the upper end of the now 25 year trading range.

Intel is now trying to chase growth with foundry without a sound economic foundation. It requires BOTH a rewiring of Intel’s DNA to a customer focused entity and a ton of money to achieve economies of scale.

These large businesses pivots rarely work and he is risking a ton of capital. I just don’t see the strategy panning out.

You had id--ts for more than 15 years and now you’re just excepting Pat will fix all the issues in 2.5 year?

You made some points, but all of them are just wrong. How long you need to figure out how the processes and procedures are done in new job? 3-12 months. How long you need to make plan? 3-12 months. How long execution will take? 2 years+. To make real evaluation of Pat I think we need another 1-2 years.

You have 2 different visions - BK/bob were like sell all, get the stock price pumped, played the ACTA card, close projects fast without evaluation, miss many of the opportunities and they fu---d this company mostly. And you have Pat - get your sh-t together, make good process to win again. And it’s happening. We should fire most of the lazy/unskilled people (20k-25k). Close the software projects as Intel don’t know how to do them, focus mostly on IFS, AI and design. And it’s going this direction. Just give time.