… when no layoff actions are announced. There could/should have been corporate-wide actions taken the last two quarters. The interest seems to be in creative finance staving off the inevitable, and the CFO seems very adept at that strategy.
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@whi When non-core groups get shut down or sold off, what do you think happens to those employees?
Why is Intel management so focused on maintaining a bloated and expensive workforce? People are expensive and if they aren't contributing to the bottom line they should be removed. It is the easiest and most effective way to control costs. Intel is just becoming a welfare state both receiving it and also distributing it to unnecessary employees. Good management would have this problem under control.
In all reality, you are not going to see the mass layoff's that everyone seems to jerk off to. What you will see is non-core (pun intended) groups shut down or sold off. Which, quite honestly, Intel needs to do so they can focus on the fab / mfg since that is the direction the company is heading.
You aren’t working here anymore are you?
Sorry. You are being a bit delusional. Intel cannot afford 20-30 thousand employees. We need to reduce now to be profitable in 2027. We should be about 86k employees imho…..and others:)
At the cope-a (co) Cope-acabana (Cope-acabana)
Cope baby cope. They already told many managers to cut their budgets significantly this fall.
Many orgs already started layoffs and there will be layoffs for sure. Our VP even confirmed it.
Hoping for no layoffs is just copium at this point. Multiple directors/VPs have confirmed a double digit HC reduction this fall. They may be silent about it, but make no mistakes - it will happen.
Are the CFO shenanigans legitimately benefiting anyone or
is Intel headed for collapse?
What are the risks?