Confirmed by inside source in HR
252 replies (most recent on top)
@oamg. where did you get this confirmation? is in from HR or from management?
There will be some sort of announcement before or at Q2 quarterly earnings report in July. Confirmed.
This seems to be true. Lot of people talking about this internally now.
14K views WOW I smell there is fear in the intel community and their should be!
@kxoc - excellent post, I took the ERP and have no regrets. My new job is far less stressful, but the new employer has idiosyncrasies too. There is no perfect employer, and the bigger they are the higher the Tcomp but the more bureaucratic it is. The biggest benefit of moving on is you get a new start -- all the Intel irritation burdens are gone! And the contract option may be the best route yet!
@1nkuf - Troll alert!!! 💩💩💩
WOW just WOW people say I keep repeating but the tipping point passed and now ACT2 has begun! Look around have things really change and intel getting better ?
IOT canceled
NTG disbanded
X86 keeps falling and AMD and Qualcomm assault here. Worse yet EPYC servers are here with huge value meaning the one bastion of obscene profits has competition. The cloud companies say 🖕🖕to intel and force big price drops.
14 mm is on fourth generation an unheard of delay in next generation tech. Total failure by intel as TSMC runs ahead all because intel has no mobile volume. Modems, memory, IoT, VR, AI and autonomous driving really going to generate profits that the 100million x86 sale missing with ASP of 100+ did? Study after study about hugeness potential? Intel never succeed in markets because it was obvious, it got there and made the market. Intel will be a little fish now in all the markets except x86 and server and shrinking.
Now to TMG, askyour biddies in TMG how 10nm is doing and say ASP is 250 bucks ( a dream BTW) and does it bring happier days, don't forget the billions spent on the tools and business class travel and all those advertisements on TV and billions more on other follies from BK.
All soon to be paid by your job,your house and your child's college educations
Just amazing BoD lets this continue or senior leaders or rank and file challenge the clown 🤡
As a former Intel employee who left voluntarily - no package, no PIP/CAP, just got off the ride - I can say there is life after Intel. No lump in the throat when you have to dial into a meeting at 6am with Israel. No nagging feeling you are missing your kids' life with 6PM and later calls to Bangalore. No anger at management over this project being funded or that one being cancelled. All the stress and anger disappears.
I don't miss Intel one bit. I do feel bad for my Intel friends however.
Here's one observation - once you leave, you will get hammered by recruiters trying to fill contract positions for your old job, or about 1,000 just like it.
Although I haven't gone back, I think it would be easier working at Intel as a contractor not to care and to know the terms of the employment - $/hr with no focal bs, just the time until end of the contract.
12k WOW just wow, lost and adrift and in fear are intel employees
Redeployments with no open Reqs is the beginning, yet still hiring RCG. What a great revolving door!
x86 sales are flat, release huge new coress on 14nm, but wafer costs are flat at best, means margins going down!
Server growth is below forecast so margins are being pinched in the one area truly making money.
10nm which promises great new faster products is MIA and when it shows up will have eye poping costs and huge margin implications that's 14nm can't cover up with declining server margins.
Then you got the billions in new product initiatives that are yielding nothing.
Talk about a train wreck in slow motion. BKd completely and more extreme ACTs are a necessity. Anyone who thinks not is an idiot, be ready and afraid 😳
Every business group has to get spending as a percentage of revenue down to 30%, so more layoffs shouldn't surprise anyone at this point.
Any updates on this topic? When in July is this expected? Before or after earnings release?
11K bro! I'd be worried and it seems many are
https://www.fool.com/investing/2017/06/16/report-intel-corporations-10-nanometer-cannon-lake.aspx
Wow, just wow. More than 10K views!
This has been coming for some time. Only a deaf, dumb, blind, mute would not have seen this train wreck coming.
Executives with overly inflated egos and selfie walls (seriously?).
Piss poor business decisions (China).
Expulsion of recognized experts so "lifers" could protect their jobs.
The "Dutch Mafia" covering and protecting each other's arses while destroying people, careers and families.
No honor. No ethics. Following the Nike Maxiums are an express train to termination.
People with any strategic vision are seen as "disruptive" and not the "Nike (loser) culture" in that passive aggressive (Dutch) environment.
And you didn't see this coming? Seriously?
So it starts, good luck and may you get 🍔🍟 from the 🤡
Which team? I call BS.
Believe it. I for one was affected along with 25 others on same team this year. This is NOT fake news
Not a rumor. Get prepared now!
Fake news for sure
I just saw a manager go into a conference room and shut the door. It must be real!
Anyone on this board personally affected by layoff or is this all fake
I won't believe this $hit until I see it on the Oregonian. For now, it is all troll rumors.
6qsy: you sound pretty ill. Go see your doc to see if you need mloa.
Hmm, got unexpected 1:1 with my manager for tomorrow morning at 9am. I am in Folsom NVM dept.
Good morning, it is a bright early day and will you get a meeting with HR and your manager this week or next or the week after? It is coming this next ACT!
Be afraid, very afraid as it is coming
People are scared and they should be. Have no free there most certainly will be more brutal layoffs. Look around at the waste, declining sales, the terrible execution in TMG, billions wasted on stupid projects. You know it is coming, are you ready?
6,000 views in 5 days. People are really worried.
It will be swift, brutal, and without compassion. Well over 10K minimum. Source: SC.
The Jim Parsons commercials for Intel are funny, but I cringe when he speaks of Intel driving the future -- be it AI, 5G, or the cloud. Intel did have a great future, but that was 12 years ago -- before it passed on ARM and the iPhone.
To all my good ex-coworkers, I suggest you hope for the best and prepare for the worst.
My friend is a Real Estate agent in Hillsboro and she says her phone is constantly ringing with sales inquiries as of last week. Those in the know are running for cover.
At LEAST a 10K layoff. Info from RA.
My friend in JF confirmed the axe is about to fall there. She doesnt know the policy on packages nor how they are deciding who to kick to the curb. I hear evn emoji troll may not survive this one. That would be a sad turn of events.
It is of little import because BK historically just hires back the same or more heads than he just fired. I dont know what he is thinking, makes very little sense to me.
Everyone who thinks outsourcing to cheaper is the reason doesn't understand what is going on, business model and strategy for margin preservation is busted, forget about growth. Cutting is now just about survival!
@4nlm yes even cheaper by the dozen Indian slave labor is useless and doing nothing at Intel since there is nobody leading anymore.
word is LCG (Bangalore) recent hires from Qualcomm got double salary and big bonus to come to Intel to replace high cost geo jobs. some have already met the terms and are returning back to Qualcomm with big pay bumps because they hate the leadership there and spent their time doing nothing and frustrated with the environment.
Beaverton, Hillsboro and Portland housing will take a bath very very shortly.
So many young families who need two decades will soon be set afloat on cold desperate search for a new life as big cuts are all but certain as TMG leaders FUBAR continues
Great talent swimming in the ocean with 20 thousand other recent layoffs. Who is the coming rescuer going to pick? Lots of choices and how does great talent standout, LOL
If you got talent and ambition and need another decade or more, better get in that ocean and find a new boat before BK sends another 20-30k screaming and desperat employees I the cold ocean.
Those that go this time will have little notice and few perks like those of ACT1.0 so desperation level will be high in ACT2.0
Early bird gets the worm I hear!
@4xrh Wrong, if someone is talented and gets laid off they will survive and will likely find good employment elsewhere...