Topics regarding layoffs at Intel Corp.

Topics regarding layoffs at Intel Corp.

Do they not realize this hurts productivity?

The level of incompetence that we see from the ELT every single day is astonishing. Dragging on this process like this and having people worry and stress over it constantly can only destroy morale and bring down productivity. How is this good for the... — read more 

Jump before the parachutes run out

Take the vsp and jump off this crashing plane. Go join a startup, a smaller firm or even competitors. You will realize how a normal workplace functions. Intel working environment is crazy stressful and the stress is not worth it for your health and... — read more 

Gelsinger lies on 18A

January 2023 Additionally, we continue to make progress on Intel 18A, and have already shared the engineering release of PDK 0.5 (process design kit) with our lead customers and expect to have the final production release in the next few weeks. ... — read more 

Fellows

How many Fellows and Sr Fellows are actually contributing at that level? At least half of them are merely collecting a paycheck and not even working on Mission critical top jobs for the company. Half the fellows should be retired immediately. RIP =... — read more 

Hours worked

How many hours a day have you been working on average since the start of pandemic?

The Retirees disgust me

I know we are suppose to respect them. And I have up until recently. They caused a large of this mess and are leaving with retirement package. They get to complete their career while many of our careers will also end now due to their negligence. It... — read more 

Raid Intel Dumpsters Before Lay Off!

You'll find almost new or brand new computers, tablets, Virtual Reality gear, power strips, soldering irons, cable connector adapters, power supplies, and even fully functional discontinued Intel prototypes in the Intel dumpster. They were going to... — read more 

How many startups will come out of this?

While the layoffs are bad, I suspect that there will be many startups that come out of this. I'm talking about engineers who have ideas that were rejected by Intel or who just want to do something on their own but need a metaphorical kick in the... — read more 

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| 751 views | | 6 replies (last August 12, 2024)
Post ID: @OP+1tXY19BE

Likelihood of VSP rejection?

One fear of applying is that Intel management COULD decided to deny your application and you live out your Intel days with management aware of your desire/willingness to jump ship. If they don’t appprove your application, one presumes you also... — read more 

Will there be layoffs in TD Design enablement?

Pat mentioned about benchmarking headcount within teams at Intel vs competition. The very basis of DE was formed based off the benchmarking of headcount at TSMC, this was mentioned by GP in one his QGS. Does this mean DE has the right headcount and... — read more 

Distribution of ER/VSP/ISP

People are taking ER/VSP in DROVES it is quite possible that it ends up like this: ER : 5000-6000 VSP : 3000-4000 ISP : 10000 Total exits will be 18-20k.

TSMC Chief: Our 3nm Node Will Beat Intel 18A…

Pat, are you ready?? https://www.extremetech.com/computing/tsmc-chief-our-3nm-node-will-beat-intel-18a#:~:text=He%20noted%20that%20TSMC's%20internal,versus%201.8nm%2C%20theoretically).

Intel Years From Success in Foundry

https://www.eetimes.com/intel-years-from-success-in-foundry-business-analysts-say/ “The yields are just really bad,” Bernstein Research senior analyst Stacy Rasgon told EE Times. He questioned whether Intel would see meaningful shipments of 18A... — read more 

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... — read more 

Where can I find more on the Unionizing?

There were some posts in the past regarding this. Maybe taken down? I have been discretely trying to find more information about this but people I trust at work seem to very tight lipped about it. There is about 2 months to go before my bargaining... — read more 

BOD approved new ELT severance package on July 30th

BOD millionaires taking care of ELT millionaires ahead of announcement of layoffs. From Intel's Aug 2, 2024 10-Q filing: On July 30, 2024, our Board of Directors approved the adoption of the Intel Corporation Executive Severance Plan, effective as... — read more 

Interesting Article

Even industry folks know how intel saves money by under paying employees (NOT considering stock and bonuses ) lol https://finance.yahoo.com/news/nearly-20-000-intel-employees-130016450.html

The pathetic part about the ELT benchmarking effort

People keep threatening Pat with talent drain on Circuit+ but the reality is it’s already mostly done. The ELT wonders why we look so bad compared to TSMC on all these benchmarks but it’s because they still have their talent and we do not. It’s like... — read more 

Moody's downgrades Intel's senior unsecured rating

Moody's downgraded Intel's senior unsecured rating on Thursday to BAA1 from its earlier A3 rating, citing concerns about the chipmaker's profitability. https://finance.yahoo.com/news/moodys-downgrades-intels-senior-unsecured-223746528.html

Mobile and GPUs

Pat is not to blame for this mess. Intel's demise started when Otellini did not agree with Apple that ARM was the way to go for mobile processors and Intel did not go full in on GPUs for product development over 5-7 years ago. Pat is now trying to... — read more 

Retirement - medical cash hand out question

Help here needed to understand, don’t know much about medical payouts, tax, what it can be used for. With 30 years, there is what I thought was about $32,000 you used to accumulate at $1500/year. Is that SMERMA cash? Does that have to be spent on... — read more 

Intel has NO moat

Intel’s large moat which was being a powerhorse of advanced manufacturing and of a unique x86 architecture have been decimated. When you have poor leadership (Pat + ELT) and no moat, the business deteriorates and goes down the drain (awful... — read more 

Downsizing

Let's hope Intel doesn't figure this one out. https://www.imdb.com/title/tt0974085/

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| 791 views | | 1 reply (August 10, 2024)
Post ID: @OP+1tWrEvxC

Would you hire X-Intel Employee's?

If you are a hiring manager and you get two resumes with identical skills, would you hire a X-Intel employee or say X-AMD/Nvidia employee?

What will determine ISPs?

Any rumors out there on whether they will be determined by performance, years of employment, or something else?

Irish Fab MT numbers

Any idea what % of your area are opting in? Seems nearly 50% in mine. Seems like there will be a lot rejected. 😕

CPM minimum

Thinking about taking CPM at 2.5 years of service as I feel good about an interview I just completed last two week. Is there a chance I get denied given my short tenure?

Enhanced retirement, what age and how paying for medical

Who here is planning to take the enhanced retirement with the plan to retire What’s your ~age and how are your handling medical (assuming under 65)? Not many tech positions in FM and if I take it, mostly like won’t work in tech (don’t want to move) — read more 

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| 1470 views | | 10 replies (last August 11, 2024)
Post ID: @OP+1tVsbP52

Jobs after Intel?

What are the common jobs folks get after leaving Intel as a LTD engineer with Phd....you can work for competitors but almost all of those are in person.... Any remote jobs even if it's a different industry that folks have transitioned to... — read more 

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