https://www.bloomberg.com/news/articles/2024-07-30/intel-to-cut-thousands-of-jobs-to-reduce-costs-fund-turnaround
3 replies (most recent on top)
https://archive.is/h2ucc
It was inevitable... bleeding $1B cash flow per quarter and hoping demand in PCs would some how suddenly recover...
He didn't call it a moonshot strategy for no reason.
The PC demand recovery isn't happening because... well... as we all know the replacement rate of PCs is growing longer and everybody bought new machines in the pandemic rush for supply. The products are under huge margin pressure from AMD and now ARM.
The IFS vision costs more than the core business can ever fund on it's own.
and in the meantime, the gen 13 / gen 14 ring bus instability is big drag on image and will cost the company a ton of money in RMAs...
Is it possible to fix/recover from this point? I'd like to think the glass as being half full but as a former I can't give you a strategic plan 'best case' scenario that comes close to being a realistic probability. So, best to say nothing at all.
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