Thread regarding Intel Corp. layoffs

Things to come in near future

BK used to use the phrase 'virtuos spiral/cycle' to paint a rosy picture. It appears that we are in a 'vicious cycle ' now.

  • layoffs cratering employee morales. For the next 6 months teams will be paralyzed with gossip and legacy knowledge that just walked out. Don't expect any project deliveries
  • bad quarters will downgrade our debt , costing higher interest payments.
  • class action lawsuits by shareholders and customers on rapid lake issues.
  • poor performance and loss of market cap will force indexes to drop Intel , causing share price cratering

We will need severe belt tightening, good delivery cadence and discipline. With luck, we may survive and thrive in 5 years.

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Post ID: @OP+1tX1noC9

14 replies (most recent on top)

x86 Out ! NVidia DGX In !

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Post ID: @1bhi+1tX1noC9

@kzz TD has at least never rewarded team work, incentivizing only personal glory and "visibility" over actual work. I suspect it's true elsewhere in Intel, too. The morale will be incredibly low for years after this debacle, and we will still not learn.

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Post ID: @1ynl+1tX1noC9

management on top without expertise is the big problem. At every down turn, the bad managers kick out engineers and promoted themselves.

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Post ID: @gzu+1tX1noC9

Intel has long been self-organized from the bottom up. PhDs from top universities babysit machines. Task forces and working groups comprising these people and individual contributors solve local problems. Managers without ANY expertise sit on top, crying for head count for everything his team supposed to do then try to keep the schedule. It's basically a bloated and headless organism.

How would you cut head count in an organization like this?

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Post ID: @umb+1tX1noC9

McKinsey are snake oil salesmen. I would say they are a joke, but they are getting paid. They keeping landing contracts when everyone knows what their playbook is. So good for them? Keep the con going I guess as long as you are making money and doing you. Plenty of su-kers like us out there.

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Post ID: @kxb+1tX1noC9

When a company hires McKinsey and company consultants, hard work and determination are No Longer the answer. If you work for a company who hires McKinsey you will be fu---d. GET OUT NOW!

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Post ID: @mub+1tX1noC9

All of this can be explained. They hired McKinsey and consultants!

https://www.nytimes.com/2022/09/29/books/review/when-mckinsey-comes-to-town-walt-bogdanich-michael-forsythe.html#:~:text=As%20Walt%20Bogdanich%20and%20Michael%20Forsythe%2C%20reporters%20for%20The%20New,governments%2C%20cigarette%20companies%20and%20U.S.

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Post ID: @lzx+1tX1noC9

Virtuous spiral came from Otellini.
BK doesn’t have original thoughts.

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Post ID: @zcw+1tX1noC9

We neither have a good performance management system OR capable managers to judge the employees output.

Instead we have managers expert in nepotisim and cronyism & who are looking for empire building and rapid personal growth. These managers will flourish even in this environment.

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Post ID: @kzz+1tX1noC9

Legacy knowledge or called internally "Tribal knowledge" is a big part of Intel CPU architecture, Client and server platforms, Firmware, BIOS, Driver etc. Instead of indiscriminate VSP/CPM it mut have been targeted. If management does not know whom to target that is a bigger problem.

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Post ID: @qkl+1tX1noC9

Intel will go into a flat spin, like that plane that crashed in Brazil.

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Post ID: @jmb+1tX1noC9

Employee morale has been low for a while now, and it may have reached all time low now. What should have happened (for the good of intel) was to go through ISP, serious belt tightening before dishing out vsp packages. ELT and Pat got it all wrong with the current plan. Come October, intel will have disproportionate numbers of inexperienced workforce that lack direction. Intel is now at point of no return…

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Post ID: @tkc+1tX1noC9

@Op

I think that’s big element everyone is missing. We missed the mark. We will slash work force and legacy knowledge, etc. So just by way it shaping up we will not hit the mark next go around. It’s a doomed cycle that will repeat.

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Post ID: @pca+1tX1noC9

Bruv. It’s hard to sell late, cr-ppy products :-(

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Post ID: @aek+1tX1noC9

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