Thread regarding Intel Corp. layoffs

Rumors here and there about major layoffs planned for next quarter mainly in the US, anyone has anymore informaron?

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Post ID: @OP+JzVn3CY

13 replies (most recent on top)

@3zho - what is 'MIT'? I can only think of the University.

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Post ID: @3ngy+JzVn3CY

@2vgb, @2cvu, some folks may not agree that IT, MIT is overstaffed, overspending and bloated (https://www.thelayoff.com/t/JAf8CLw#replies). We all can agree to disagree. I personally agree IT, MIT is bloated for what it needs to do. Many IT, MIT high levels are basically just playing politics and building their own turf. Promotions are based on entertaining and socializing skills and whether you're in the gang!

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Post ID: @3zho+JzVn3CY

@2cvu - I once heard the stat (while employed there) that Intel had ~5000 employees in IT worldwide. That was a few years ago, pre-ACT. But still.

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Post ID: @2vgb+JzVn3CY

I don't doubt there's anyone still on the inside on this forum @2hev. Have you not heard of devices that connect to the internet that are NOT Intel laptops? Of course they are here. Most probably just don't care about this site much so don't come until rumors are circulating to see what's being said.

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Post ID: @2gpq+JzVn3CY

I doubt there is anyone left on this forum who is still inside at this point, so not likely to get any first-hand info. The Oregonian's mole was lost with ACT, so there went the last, best source of advance intel on headcount reductions.

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Post ID: @2hev+JzVn3CY

There are way too many positions in IT that do not deliver value to anyone other than PR to the individual IT cocoons that created them. And there are people in IT who have been promoted several grades beyond their competence yet they survive and thrive because the management team successfully covers for them. In flat to down times, these people take jobs from more worthy colleagues in more worthy positions, and it is a shame.

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Post ID: @2cvu+JzVn3CY

Can't wait for the next round of layoffs. Intel has bloated workforce which cannot be supported by the declining profits. If the company is not or cannot grow, it must layoff.

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Post ID: @2jdx+JzVn3CY

These lay offs are taking too long to happen ZzzzZ ZZZ ZZ

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Post ID: @1xdj+JzVn3CY

Would like to see more layoffs to boost stock price. Will be hoping to see ACT17 and ACT18.

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Post ID: @ngr+JzVn3CY

Next year also but there will be some this year in Q4.

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Post ID: @ykj+JzVn3CY

Around 25k more to go. Need to get rid of dead weight and make room for China manufacturing.

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Post ID: @dld+JzVn3CY

Troll

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Post ID: @dog+JzVn3CY

No layoffs here and there, just major hiring at all sites due to good earnings.

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Post ID: @kop+JzVn3CY

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