Pat list several corporate initiatives. Never mentions Quality once. or simply don't release deflective products.

Surely you fire the re--rds first? Company is doomed

will not bring it up. Especially by layoffs only.

You only have yourselves to blame. The entitlement stinks from here.

Pat: hold my beer

Pat could have saved the stock and thousands of jobs by hinting that he's exploring selling fabs to Abu Dhabi

Long time Intel blue blood who left Intel a few years ago. Pat has had enough time for a turnaround and if Intel is not restructured, its product business will get to a point of no recovery also. I just looked at the updated quarterly results. ... — read more 

what a crock of lies ! we have been hearing the headwinds excuse for over 2 years now ! the toxic cult that is intel now can’t even invent a new word , or a new excuse , see Dave the master BS-er below. Fkkkk off Intel , we are dead. I am leaving... — read more 

Instant return of 25% is quite sweet

Since Pat is saying that Intel will be Fabless does that mean that the majority of the cuts will be process engineers and technicians in the fab?

"It's my pleasure to get paid $1000 for each employee I laid off." - Pat

for the unlucky souls who don't get culled, i wonder if we are to expect no raises, pay cuts, no bonuses and be expected to su-k it up and be grateful, while our execs all f**k off in their ferraris to their holiday homes in Maui ? If i was the... — read more 

That would be a good way to push people out without severance.

all companies have ups and downs ... that's normal ... but in this case where the he-l is the accountability .. Saf, Pat, Dave, CS, Saachin the rest of ELT ... come on, lets grow a pair and fire some frecking people ... jeezz... its like giving... — read more 

It's been a long-time coming for Intel... they finally stopped the death by the weekly CPMs, and just peeled off the bandaid now. Intel should've never been more than 100K HC ever. Mgmt should've just set a hard HC cap, and say that if we need more... — read more 

Almost all the layoffs are are Chandler campus. Yes you heard it right

"Next week, we'll announce a company wide enhanced retirement offering for eligible employees" -Pat

All employees will report to directors

Presumably everybody, but I assume some orgs may be completely shut down.

15,000+ heads rolling, stock falls again- this time $6/share, dividends suspended, morale at all time low. But at least Pat is still collecting his $17 Million salary. Thank God we have Pat on our side, am I right??

IDM2.O is a failure! IFS is a failure! Products are failures at customers! 81Intel IP teams are a joke(no quality or consistency but complicated as rats nest to integrate wo much support). No external customers are going to use Intel IPs or IFS... — read more 

It’s basically 15% reduction on top of all other reductions made year to date.

You were told here first… Pastor P must go.

They could not keep the circus at intel hidden any longer. 15,000 of us will be layed off this year in 2024. It’s a good start with many more 1,000s to go.

So glad I cleansed my portfolio of INTC a few months ago. The stock is currently at $25.40 as I type this. https://finance.yahoo.com/m/ff387006-7cc0-34bc-aa9e-d361b20373f9/intel-suspends-dividend-and.html

Most likely only in USA employees will be laid off. Israel/India will be untouched as usual

Retire manager who can only create PowerPoint presentations and attend meetings with no contributions

Literally a 30 degree down sloping line since open. Could easily be in mid $28 range by the earnings call if the sell off continues. Way ahead of the rest of the market on % of decline. See for... — read more 

Anyone know how they handle a layoff while on leave? Does your manager call you to tell you plus ask for their laptop back? Other? Lol

lol they changed the question format for ACM - till yesterday you could see everyone’s questions, upvote, comment, etc Today it’s a Microsoft form format

Retired but witnessed the decline. When I started with Intel in the early 80s we had an all hands Go/No-Go communication for every chip and driver release. During this process the lowest grade validation tech could say No-Go and stop a chip or driver... — read more 

Maybe all we need to do is redesign the logo again. Maybe go back to the dropped e? I think a "Logo Tiger Team" might be just what we need to get us through these headwinds. We should hire somebody who has marketing experience and is a .ppt expert... — read more 

Hard to imagine that anything is getting done

Once base build is completed, F52 will remain idle with no start date.

Pastor Pat is not capable steer Intel in the right direction. Instead of focusing on operations inefficiencies, he just bloated the Org. He thinks China is stupid. While Pastor Pat is lobbying Biden to sanction China and trying get Govt... — read more 

Yesterday was the last day worked for those that took VSP. Now we begin phase 2 by selecting people for ISP. Let's see what comes out of earnings and the ACM. If anybody knows, or heard from a reliable source, please post the criteria being used for... — read more