When will manufacturing see a layoff?

https://techovedas.com/the-fall-of-intel-how-an-mba-ceos-short-term-thinking-destroyed-a-semiconductor-giant/

Intel announced 100 layoffs 2 days ago but there are more than 2,000 ppl in CPM. Axording to media, this is the 5th wave of layofs and counting. Not surprised if next year we see same

We are just announcing ppl that have been in com for few weeks expected to leave End of Month https://www.crn.com/news/components-peripherals/new-intel-layoffs-impact-gpu-and-cloud-software-staff-among-wide-range-of-roles

This company started a slow decline over 10 years ago, and then became a slow moving train-wreck after BK's ACTs about 5-7 years ago. And now PG has only accelerated the collapse. Things are not going to get better anytime soon. What are you going to... — read more 

The company is crumbling and losing money!!

89 positions will be eliminated in CA. You know if you know

https://www.tomshardware.com/news/intel-to-make-further-workforce-cuts-in-us-report

https://www.tomshardware.com/news/intel-to-make-further-workforce-cuts-in-us-report

Anyone has heard of any conversation about Q3 promo that the company was supposed to start ? I wonder what all those folks who were so ecited with that meritocracy is coming back announcement are going through right now and were looking forward to... — read more 

I am not at Intel now. Besides SM, are the rest of the people mentioned still there? Hope intel reduced some of the redundant positions and teams by now... — read more 

https://www.reuters.com/breakingviews/china-does-intel-small-favor-2023-08-16/

Heard teams have to cut budget by 9% additionally. Is it true?

https://www.wsj.com/articles/why-the-white-house-went-to-wall-street-to-revive-the-u-s-chips-industry-fe0a0aac Lookout China, Korea and Taiwan! Our mighty wall street women are coming for you.

Mine are (in no particular order): Sandra Rivera. Because on a recent Interview with Jon Fortt @CNBC, Sandra said, 'I am this utility player Jon... I can build businesses. I can transform cultures. I can turn around a business, which is what I... — read more 

First, they need 10B savings in 3 years, and it has been 1 year only. Second, tower deal gone Third, hedge funds dumping the stock badly ( see how stock dropped ) Fourth, losing deals to competition.

Revenue - AMD vs Intel, % 2022 37.43% 2021 20.79% 2020 12.54% 2019 9.35% 2018 9.14% 2017 8.37%

Intel Wants More Than its Fair Share of CHIPS Act Money https://www.techpowerup.com/312368/intel-wants-more-than-its-fair-share-of-chips-act-money

https://towersemi.com/2023/08/16/08162023/ Nearly 2000 jobs

Fu----g DOA Another IFS win

SURPRISE. below budget numbers = CPM

As no many new posts and no fresh comments

There might be some small layoffs in TD. You know now. Good luck

Do you see it coming? Do you see how he works? Do you see the excuses? Do you see the pushing of work? Do you see the inability to recall simple tasks? Thats Big Time, Big Time is the future, go Big Time

https://www.scmp.com/news/china/diplomacy/article/3230825/us-trade-union-fights-tsmc-plan-use-taiwanese-workers-arizona-semiconductor-factory-build

https://www.calcalistech.com/ctechnews/article/skdrecpin

https://www.economist.com/business/2023/08/07/how-real-is-americas-chipmaking-renaissance https://archive.is/jmpBa Leading-edge fabs being built in America are slower to er--t, costlier to run and smaller than those in Asia.

Intel CEO Pat Gelsinger is lobbying for a large portion of the $52 billion that the U.S. will provide in subsidies for new fab construction—and urging the U.S. to ease up on export controls that are throttling sales to China, the world’s largest... — read more 

The company today is in far worse shape than it was in early 2021 when the missionary from Pennsylvania took over

This is less and less the company it once was. It's understandable that things change, but Intel has changed a lot for the worse. However, I still don't understand those who say they would like to be laid off. Really? Are you joking?

Is Tower deal dead?

Have those layoffs been announced or they will be announced soon?

I think it'll be our turn next. I'll be shocked if we don't see a major round before the end of this month.

Gr.6 SWE in Oregon here. How come the lowest performer in the team gets promoted to manage BBs while the top performer gets mediocre school grade projects. Isn't it these guys that are to be laid off first ?