Sounds like ACT was worth the collateral damage?
Any thoughts??
12 replies (most recent on top)
Anyone who thinks intel has reinvented itself is a fool. Everything about profits and technology still revolves around manufacturing x86 client and x86 sales is falling and next generation client is a disaster.
There is no rich sugar daddy to bail out TMG and intel had nothing else but CPU. As the combination of client and manufacturing sinks and no sugar daddy the ACTs will be huge and shocking.
The tipping point of rescue and transformation was passed about 5 years ago. BK was and still is too stupid to see what and how to do it.
Truest sad to see what the future of this great company is. In two years we will all be here seeing the ruins of what BK has laid.
Re: "the power of the company to reinvent itself and its resiliency and grit"
Agree 100%. This was because employees trusted management. When direction changed, 1000's of people changed instantly. This doesn't work in most companies. Alas, this cannot happen in today's environment of toxicity and mistrust, and hiring preference for transactional hires over "lifers" fully devoted to Intel (but now tossed overboard as too old, expensive, white).
"Years of monopoly has shifted the focus of employee competition internally. "
Yup, clueless top management flogging their slaves harder to get faster to the iceberg. Maximizing "productivity" in a failed strategy and direction has no relevance. Yup, the top management is under no obligation to benchmark Intel performance against peer companies: whether stock price, revenue growth, product innovation, employee satisfaction or technology innovation, while constantly obsessing over the relative performance of employees.
I know of a team in Oregon where the manager would not so much as permit travel to a revenue customer while criss crossing the world himself multiple times and hosting large informational meetings among peers (hint:travel). Every year, it is nearly impossible to find managers in some divisions during the first quarter because everyone is competing with their peers to exhaust the travel budget.
Talk about resource wastage. These rots exist only to hire and fire, while adding no value to either employees or the company in between.
"Intel has fallen from greatness and it is very unlikely that the company will recover."
Even the most ardent Intel supporters can't dispute this. While Intel has gone through ups and downs over the years, the greatness of the company was its ability to reinvent itself and its resiliency and grit. That's just not coming back...
"The managers used this layoff as an opportunity to get rid of competitors and people they did not like. The managers in this group were very deficient in knowledge and expertise."
Years of monopoly has shifted the focus of employee competition internally. What's so sad is that this has crippled the company's ability to compete effectively externally (i.e. have a viable strategy). In addition, management at all levels is so devoid of trust (for good reason) that execution suffers.
I saw 5 employees go from a group of ~ 20 (in 2016) and everyone knew that these 5 were the most productive and by far the most knowledgeable. I saw one of the 5 get walked out disrespectfully and this one person started working at Intel in 1980... The manager that walked her out simply stated that he was following a process... How pathetic and ridiculous. Intel has fallen from greatness and it is very unlikely that the company will recover. The managers used this layoff as an opportunity to get rid of competitors and people they did not like. The managers in this group were very deficient in knowledge and expertise.
Look around, everything is fake in this 'market' including inflated stock prices in tech. Prices don't reflect reality anywhere so while this lasts BK and his merry band of clowns can make virtually any decision. Nothing will be reflected in the stock price under these conditions. Think early 2000
Intel is down from last October (38.10 on Oct. 8th), so what?
DOW is up more. AMD up over 300%. A rising tide floats all boats.
Down is up more. AMD is up over 300%. A rising tide floats all boats.
ACT was another of those many clueless decisions that this management has been taking since last 4-5 years. Poor quality decision with even worse execution.
Hardly anyone said that ACT was unnecessary. People only complained about how it was done.
The way HR tricked managers into putting good employees on the ACT list and how HR then forced managers to do CAPs with unattainable goals with their unwilling ACT candidates to force them out - that was highly unethical.
Clearly another 10% this year to cover 10nm at a minimum to just keep margins
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