Thread regarding Intel Corp. layoffs

Honestly, I don' t think they have anyone on the bench to do it.

MJ and Sandra are likely battling it out for who is next in line, but honestly don't think either would be able to change the things that need changing.

Intel needs a full scale student body right change in culture, thinking, and strategy. Anyone that could potentially be in line are just gonna keep doing the same thing over and over.

It's the guys that bloviate, make bold claims and always seem to spot the competition 'in the rearview mirror' that you really should watch out for...

The company's execution under PSO was far better then today's Intel, and that's a fact jack.

I met PSO a couple of times, quite a nice guy but was clearly in over his head , always nervy , red faced and perspiring

Howard Bubb

or maybe high DEI / low engineering experience

April Miller Boise
Christy Pambianchi
Safroadu Yeboah-Amankwah

@1tvo+1o88XUAz you're absolutely spot on. Maloney was the most average Joe you could find (other than his accent). He was not an engineer, much as he tried to prove he was (not unlike BK who was a Chemistry grad). I will eat my words (and apologize here) if you prove to me Sean was an engineer.
It was a joke that PSO give him a plumb expat position to go off to China. He has nothing to show as accomplishment (series of failed and shuttered divisions) except that he became Grove's TA (and I had heard he begged him continuously for 6 months after he saw Grove on is UK visit). Fraudsters and posers

Mine are: Stay-In-Your-Lane guy (current), SA (former), and Myra McD (former). Rehiring the last two will turn Intel around by December 2023, guaranteed - and you can take that to the bank. Silicon Valley Bank, that is.

Sean Maloney, the field engineer turned head of sales after TA to Andy... that Sean? The one that brought us WiMax and countless other comms acquisition failures?! That Sean?

ARPre you starting to see a pattern here?

Had the great smile and smart sounding accent but no proven track record for strategy or building a business. No way to know, but I don't see any track record that would indicate that he would have done any better.

Alternate Universe: if Sean Maloney didn't have that stroke, he would've succeeded PSO. So in that time line, we would've been spared of BK and his creepy incompetence.

BK sowed the seeds that lost the technology leadership a decade plus ago. It is near impossible to recover that now, unless TSMC stumbles.

This is the problem with Zombie companies... The options are just not great.

You have a company in it's twilight. All new businesses have failed and have been shut down.

The core business is at it's lowest point of profitability and growth.

The company realizes it can no longer fund each new process generation with the meager amount of products it is sell.

So what are the options? a) reduce cost, outsource manufacturing (the painful but smart choice) or b) double down and investing 100s of Billions to try and turn yourself into something you are not ... a contract manufacturing.

We all know option b) is a complete gamble and yet, the board has signed off on spending the billions to try and give it a go. Nobody wants to admit the fat lady is about to sing. That is just human nature. Hope springs eternal, well beyond the realm of all rational logic.

The window dressers should be replaced with qualified leaders. Enough with this diversity grooming or couch promotion cr-p. We are a tech company and need competent leadership.

Let’s be honest here folks, the reasons the executives and board are id--ts is that anyone with a clue about the business and the current strategy would get the heck out.

This Intel is in worse shape than IBM and close now to a Nokia, Blackberry, Kodak moment.

The reason Pat sounds crazy is that he is! What smart, sane leader would want to lead Intel in its current state ?

Someone not from Intel without political executive slop trough experience.

The Al Roker dude in Govt Affairs. A token black VP for sure.

@dto..the german guy?

Oh Wow, Moe, Larry, and Curley are making a comeback.

PSO is a lightweight. Had the chance to speak to him and I was shocked at the lack of understanding of the business. For a finance guy wasn’t that shocking? Packed soon after.

@OP: Wall Street holds Intel in the Index funds, not because of their view of it as an investment. The minute INTC is kicked out from S&P 500 and the funds unload, Intel will be a penny stock, like AMD was 10 years ago when it had the same fundamentals.

d-mb and d-mber

Pat, Pat, Pat.

Comedic proportions if it weren’t tragic. Thoughts and prayers to the families and 401k shortfalls

Correction. my bad. I meant the Chief Commercial officer (and chief of global sales and mktg)

My bet is on the Marketing guy (forgot his name). His family will personally buy more PCs and dent the EPS. Cant wait. Agree with OPs first two picks

Murthy doesn't look so bad now, eh?