Topics regarding layoffs at Intel Corp.

Topics regarding layoffs at Intel Corp.

Should I leave Intel for Nvidia?

I’m grade 7. Got an offer from Nvidia with base pay which is on par with my Intel base + QPB + APB assuming bonuses are maximized. Also got 250k NVDA RSU as entry bonus, while at Intel I have ~70k and in the last round INTC gave ~20k…

Always have a plan

Even though it is quite clear that there will always be more layoffs here, some still do not have an exit plan. Why? Unfortunately, I have seen many cases of people who believed they were safer than others, only to end up experiencing a rude... — read more 

Where's the reward?

"reward" is just back pay in stock form? Well my expectations were that they'd just conveniently forget about the reward, so it's about equivalent, but what audacity. Especially as the stock will probably drop. I'm glad I didn't sign for the... — read more 

Intel OTF FEB

Another bonus that missed the promised date. Pushed back to 8/15-8/18. Gotta love it when middle management's reward is to sc--w over techs and anyone below them who actually worked for a bonus and made it possible. What a joke!

Intel’s new addiction to subsidies

Some fundamental things that the Intel Government Affairs team have failed to make the ELT understand as they all beat their chests about the US and EU Chips Act include the following : what Governments “give”, they can equally take away what... — read more 

Cash is King

Cash is king. It doesn't lie. Earnings are easily manipulated (like Intel recently changing the depreciation life of fab equipment). Cash generated from Operations, less plant investments = - $12 Billion. Let that sink in. So far this year, Intel... — read more 

Intel is not a tech company

Intel is not a tech company it is a monopoly management company except the leaders are too stupid to identify the sources of their franchise and adapt accordingly. In political organizations they would not measure up. I learned a lot in Intel on what... — read more 

Restore and Reward baby!!!

Don’t hate!!! Great quarter …. The wind is behind the sails now!! Eat that AMD fanboys! Double the previous multipliers for those who stayed!! Quarterly bonus is now monthly bonus!! All individual contributors will make 250k total comp!!... — read more 

Bookkeeping

Intel folks are seriously celebrating losing money but due to bookkeeping making it appear profitable. Keep Believing sheep

Don’t believe the good news, things are FUBAR

The bleeding continues with no end on sight. I am amazed the BoD is in on this. “In the quarter ended in June, Intel’s posted $12.95 billion in sales, off 15.5 percent, but even after some pretty substantial cost-cutting, the company still posted... — read more 

Biggest difference between July 2016 and July 2023

Me and many of my colleagues took the ERP or a VSP in 2016. Things were stagnant, layoffs were happening, morale was low, leadership (BK, Murthy, etc.) was weak, and there was no visible strategy for moving in a positive direction. Fast forward one... — read more 

Eating my words…

… I did not think the results would be as good as they were. I was wrong… they are still not good, but better than anticipated.

Solution Group Owner Role

Are these GR 10/11 SGO’s really necessary feels like there is a large amount fat there that can quickly dissolve

End of year ratings and RTO

Reinstatement of the end of year employee ratings that take OKRs, Insights, RTO alignment for hybrid employees into account. Back to having a successful query to continue to chop off the lower percentage of employees. We should be able to get to... — read more 

Remove all Cubicles from Planet Earth

Cubicles were needed when blueprints were drawn on large drafting tables while using slide rules and storing them in huge tubes. You could even argue that cubicles were needed when the internet was slow and computers were huge towers with big power... — read more 

PG will deliver a surprise tomorrow.

Expect good report tomorrow. Stock is poised for a good upside run. Count on a good bonus and salary increase later this year. PG our savior. Hallelujah.

Intel relies too much on luck

Leaving things to chance is usually a sign of poor leadership. Doesn't it seem like Intel is often relying on luck more than anything? That is not and cannot be a good strategy. Eventually you find out you are not that lucky. Just saying

Change to APB

There will be change to APB and rewards. I have a sense it will be something people will not like it. Any rumors?

How sad is it that this is considered good news?

Intel stock (NASDAQ: INTC) is expected to publish its Q2 2023 results later this week. We expect revenue for the quarter to come in at about $12.2 billion, marginally ahead of consensus estimates. This would mark a decline of about 21% versus last... — read more 

Good luck to us all…..

https://www.hardwaretimes.com/amd-genoa-x-cpus-crush-intels-sapphire-rapids-hbm-nearly-90-faster-at-the-same-power/

Q2 Earnings?

We’re going to hear it this week! What are your best guesses? Will Dave pull some new rabbit out of the finance hat? Will Pat announce the whale? Please tell us your best guess!

Predictions on Q2 results after TSMC guidance?

More than a bit concerned about INTC’s results and forecast after seeing TSMC “trip up” a bit… INTC needs calmer waters to get through this storm…

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Q2 earnings will be…???

… curious if TSMC’s results/forecast will spell even worse news for INTC, or not… Thursday will be interesting to say the least…

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