i don't know why people are surprised, the writing has been on the wall for a long time ... the company needs a total reboot... they expected the market to pick up, and it did - but AMD and Nvidia took the $$ ... so the only remaining lever, is to drastically reduce costs. What I'm more interested in , is what's going to 'change' inside the company.. that's the issue, not the number of people.
that said... the enhanced retirement has my attention :)
I read >15% cuts, meaning it can be substantially more
At least they included a pic of somber Pat.
Yahoo's headline is incorrect, no surprise there.
https://finance.yahoo.com/m/ff387006-7cc0-34bc-aa9e-d361b20373f9/intel-suspends-dividend-and.html
Yeah, I don’t understand why Pat wrote it would be 15% or about 15K roles. Math doesn’t add up.
It’s gonna be 20k people for sure.
Sign me up. Giggidy
As of June 29, Intel had 125,300 employees, meaning the cuts could affect more than 18,700 people.