https://finance.yahoo.com/news/1-globalfoundries-sues-ibm-says-170410751.html OAKLAND, California, April 19 (Reuters) - Chip manufacturer GlobalFoundries Inc said on Wednesday it had filed a lawsuit against International Business Machines Corp ... — read more 

Intel axes Blockscale mining ASICs it brought out just in time for crypto winter https://www.theregister.com/2023/04/19/intel_blockscale_asics/

AI will do a much better job of running this company. I'll gladly work for an AI instead of my lying, corrupt, bloviating, backstabbing manager.

Manager hires his wife with no experience other than some random degree in some unknown college, who barely understands technical terms, keeps silent all meeting long with no engagement. Totally uncalled for. No wonder why it's a dumpster fire out... — read more 

According to proxy 2023 headcount has decreased 6-7k between Dec to April and intel charged 1.2B for the headcount of reduction. Now there is no cash to pay for another round, so the cheapest option is to increase attrition. How? 1) Inflation... — read more 

You heard it here first over two months ago

Folks anyone hearing about rewards this year ? Not just restore, but rewards, raises, promos ? I wonder each day why I should work any harder when there is no incentive to outperform.

Once the leading player in the semiconductor industry, the company is attempting to pull off one of tech’s most complex turnrounds Intel is today at another crucial juncture. If, as planned, the company finally produces chips made with EUV in large... — read more 

Old time ex-Intel here who left with a nice package in 2016 ACT2 reductions. I was glad to leave with such a lucrative package given that I saw the company heading down the wrong path and abandoning its core values. Many of the newer employees out... — read more 

The stock price has shown much better price action in the last couple of months. Looks like the decisions made by Pat are starting to improve the company's prospects. Keep up the good execution, Pat, and continue making the hard decisions when... — read more 

I don't blame the people who are overpaid considering they have very little to do, but the people who so thoughtlessly employed so much dead weight. Intel has a lot of it.

To this day we don't know if all the layoffs that were announced months ago have been completed. We don't know what's coming next and we have no idea if any of us are safe at this point. How does Intel management expect us to be able to concentrate... — read more 

Proxy 2023 page 117 The 2006 EIP is the sole active plan for granting equity awards. If stockholders do not approve the increase in the share reserve, the share reserve under the 2006 EIP will be too low to appropriately implement our 2023 and 2024... — read more 

Anyone can shed some like to the pay range for grade 5 to grade 7? Wondering if the gap is big between each grade. Thanks

Intel has around 100m outstanding shares to grant in the form of RSU read in proxy if remember correctly. The higher stock price, the lower stock share number grant. Now stock dropped 50% since last year meaning rate of running out of allocate share... — read more 

Terminally ill, just waiting to be put out of its f-cking misery

https://finance.yahoo.com/news/china-puts-pressure-intel-us-204138201.html

Intel laid off 544 employees while hiring 877 H-1B... — read more 

in hospice, watching as he lays there, major organs shutting down one by one - and we've done our best, all in futility. It's inevitable and we are just biding our time until we say goodbye. That's the atmosphere at Intel.

They announced DSG exit this week. What other impact among DCAI? Will they look to trim other solution group like PSG?

I'm just counting down the days until I can retire. I figure I only need to tough it out for another 4 or 5 years and then I can kick back and relax. The thought of starting a whole new career at this stage in my life doesn't appeal to me at all. Why... — read more 

For G6 how much RSU expect this year G6?

Is this a better deal? Is the equivalent value lesser than RSU? Why they want to change to this process? Is this permanent or just for this year?

Prepare for another horrible quarterly earnings report and lots more layoffs. https://seekingalpha.com/news/3955391-global-pc-shipments-down-29-in-q1-growth-expected-after-2023-idc-report

Is there anymore layoffs in the coming quarter?

Google and Amazon Struggle to Lay Off Workers in Europe After announcing the largest rounds of layoffs in their history, US big tech companies are now learning how difficult it is to reduce headcount in... — read more 

I'm still in grade 5 with 4 years of experience as H/W engineer here. How do I convince my manager for a promotion ?

It was mentioned that Intel is considering doing more Mobileye type IPOs. Are we going to see more splits and IPOs as we weather through this storm?

Any predictions?

The problem is with the slackers who pretend they can WFH effectively but are constantly calling people on site to do their work for them. I know this is a minority of people, but these are the folks who are responsible for the RTO push. The... — read more 

Any company always has top 5-10% performers at each grade, folks in the middle 80% and bottom 10%. I likely fall in the middle 80% bucket for last year. Just got promo the year before and so despite the good effort last year was not expecting to be... — read more 

If Apple is laying people off, you know things are bad. Who knows what's coming our way.

I heard RSUs will be given in May. Is there any change on number of shares given ?

Do we expect to have more RSUs this year because of delay and no raise?

https://www.nasdaq.com/articles/intel-promised-a-comeback-and-it-delivered

Apparently, they are planning to get folks back onsite (at least in RA4). Why this sudden need for in person meetings? If this was truly a data driven decision, they would look at the track record of execution until 2019 and then take the delta of... — read more