Repost this around the world.. Make them famous for running an empire into the ground. May they be mocked, laughed at and never work again. Patrick Gelsinger Patrick (Pat) Gelsinger is chief executive officer of Intel Corporation and serves on its... — read more 

Basically this is Pat’s legacy now. He hired 40k people during Covid, spent 50 billion on building new factories without securing any clients, took a company that was hugely profitable and full of cash into a company losing money and full of debt and... — read more 

Looking at a split and selling and or outsourcing major corporate functions

The org was bloated all along, now Pat recognizes the inefficiency, bureaucracy this bloat has created. Why are so many complaining now when he is attempting to correct the bloat Layoffs may not be happy news but is need for Intel to be competitive... — read more 

whatever expectation of a turnaround story anyone had on intel was dragged behind the barn and got sh-t in the head today. I feel sick, thinking not only about employees to be impacted but the families about to lose their livelihoods. The one's... — read more 

Walmart needs warehouses for its online business. Time to buy Intel's Fabs and make good use of the real estate.

(Barrons) Intel Stock Is Slumping. It’s in the Dow Danger Zone. Source below... Intel already had the lowest weighting in the Dow Jones Industrial Average, which ranks its 30 components by price, before it reported earnings Thursday. The chip... — read more 

As title says. Walk outs and protests

Intel has the wrong people leading the ship and I'm not just talking about ELT. This has been ongoing for over a decade, the same people who left during the round of layoffs 10 years ago are back not to mention the leadership at that time is still... — read more 

Intel continues to be a sinking ship. Decades of intimidation & bullying involved to get ahead has backfired. It’s a horrible place to work, particularly for contract employees (who make up the majority). The perpetual self-preservation mentality by... — read more 

eom

https://www.marketwatch.com/story/intel-borders-on-existential-crisis-as-stock-could-see-worst-fall-in-50-years-a79b5c42

Do they even know what Leadership means ????

Boards are meant to have the companies and shareholders back - how the he-l have they allowed ELT to take the company to an existential brink ? Absolute disgrace , they I’m assuming have been fed the same bull that’s been dropped to the markets and... — read more 

Needs 90% layoff. AMD + TSMC has only 100k employees with market cap of 900+ billion. Intel has 125k employees with cap of 100 billion.

The stock is in freefall, just how low can it go ??? There is no investor confidence left in INTC

So if I were to get a CPM package, I would get that on August 5th ? If not I am not expecting to receive it ? What's the deal ?

Please Huang save us

Per the San Francisco Chronicle. Ouch.

Layoff is not going to fix this. So sad.

if Intel needs to align to other foundries, do we know the number of employee of the TD equivalent at TSMC ? what's the current TD headcounts and new target?

Pat Gelsinger - Almost exactly 2 years ago. https://finance.yahoo.com/news/intel-ceo-we-believe-we-are-near-the-bottom-163723841.html Clown show.

By early January 2025 around 85% of the people who are Intel employees today will still be working here. In the next 5 months ~15% of the current employees will depart via VSP, a retirement plan yet to be announced, and finally ISP. Where do you see... — read more 

AMD - 26000 TSMC - 76478 Total around 10000

Pre market price is trading well below book value. This is a disaster

Just heard that's there's no CPM for manufacturing depts. 👌

What is the enhancement retirement package for those that qualify for rule of 75?

You will have to pay to use the toilet now. No free water anymore. All kitchen corners will have a turnstile. Stop whining start working. Coffee is only for closers.

Does anyone know what is going to happen with SMG ? Is there a demand for oneAPI and the AI stack ?

At least, for 15% of us. CEO was a disaster.

I evacuated Intel in 2018 luckily. My experience in Intel CCG (aka PCCG) from 2011 to 2018 was just a disaster. BK looked down all the time CCG, like "PC is over" "We don't need PC" "Look, teams else CCG earns 60% of revenue" "We don't make dGFX"... — read more 

Team, We have moved our All Company Meeting to today, following our earnings call, as we are announcing significant actions to reduce our costs. We plan to deliver $10 billion in cost savings in 2025, and this includes reducing our head count by... — read more 

A: Lay off 20% of workforce, less people working on issues

Now, there is also $50 in divide d that you would have gotten over years but it all gets offset by inflation that happened over years

Does PTO balance get added to the CPM payout or are we advised to take it before our last day ?

Pat was hired as CEO Feb of 2021. In that time the stock price has gone from $60-$29 when Intel’s competitors can’t stop printing money. I guess I’m just confused why he hasn’t been canned? 3 years of failures when Intel sells products integral to... — read more 

I don't see any information on medical and health benefits for CPM candidates. Anyone know ?

If it’s that good, take it and lead by example.

Let's say I accept CPM and get approved by BU for CPM. Looks like I will get notified Sep 2 to Sep 6. Does the 13 weeks of pay start after the acceptance? Or does it start August 5th ?

This is trending on WallStreetBets on Reddit (link below) TLDR: Grandma died 2 months ago. Left me $800k inheritance. I'm only a junior in college as a math major and I don't really have any use for the money, nor do I have any debt (I'm very... — read more