So ... First they take our bonus, then our salary, then our 401k ... And god forbid if you are still a loyal employee and holding shares which are cut in 1/3rd, you used to get some dividend. They took even that away. So employee totally... — read more
Prediction
If you look at Q4 margins….can they really get better? Profits are being sacrificed for revenue. It is a sign that there is too much inventory, but also a sign the products are uncompetitive. 2023-2025 will be the “great leaning”. But still... — read more
Transparency ?
Both the CEO and CFO faced the public and many questions about the dividend just a short time ago, why wouldn’t they come clean on then the dividend? Can any executive be thrusted? Do they really think TAM is 300M because of one executives... — read more
Looks like another big delay
https://www.digitimes.com/news/a20230220PD216/intel-tsmc.html
Alternative to Intel turnaround plan
If you can't manage manufacturing efficiently, spin it off or create a joint venture with TSMC (if so, TSMC will not need to build more fabs outside Taiwan and Intel still get a share from manufacturing). It will be good for both shareholders and... — read more
There are several problems with Intel HR.
https://www.youtube.com/watch?v=XRjm-sPrdns No screening of employees' backgrounds Implement layoffs too slowly and create unnecessary stress on employees Fix your culture. How could Pat say the culture is turned better when people clearly... — read more
Intel OC6 Silence: Complying with police investigation or CYA tactics to defend against possible "wrongful death" type lawsuit
Internally, the company has issued only a very brief general statement on the matter and apparently has wiped away any electronic trace of existence of the perpetrator, Derrick Simmons. Given that Simmons had a past felony for as--ult with a... — read more
RIP Dan Foster -- a victim of Intel's hiring practice problems.
The big question is, was this just a simple oversight by HR in missing Derrick Simmons past criminal behavior (felony for as--ult with a deadly we-pon) during the hiring process? Or did they just turn a blind eye to it and if they did was the same... — read more
5% stock price drop due to rumored dividend cut
More layoffs needed to defend the dividend.
All of 2023 will be thinning of the herd
As a result of the pay cuts affecting everyone, many of Intel's most valuable resources will leave Intel once they have the opportunity to find another job. So, Intel's brain power will continue to decline, just when it is needed most. Someone like... — read more
Same issues year after year
I was trying to think of a few things that have improved here in recent years. When I look back, I don't see that there were any changes for the better. Instead of getting the company back on track, Intel is just piling up issues. Is it a lack of... — read more
Dummy managers
Person doesn't know the difference between a resistance and capacitance works as an engineering manager. Makes my eyes bleed. No wonder why INTC is going to the cleaners.
Question to EU folks about the pay cut consent.
Firstly, don't pay attention to the US id--ts who think the rest of the world has to be set up just like here, e.g. re: the EU pay cut consent requirement. But a question: in return to Intel not being able to unilaterally cut anyone's pay over there... — read more
Taking responsibility for their mistakes
Higher ups are the ones who should finally take full accountability for their mistakes that brought the company to this current state. It is the employees who suffer because of the terrible leadership moves. I doubt that their bad practices will... — read more
Handed in my notice days before being put in CPM
I have handed my notice days before my team were put in CPM. The reason because I managed to find a new role and it was obvious for us to be put in CPM. I just heard about the servrance and I didn't expect it to good. having a slight regret about it. — read more
OC6 Incident another "Black Eye" for Intel
This is yet another in a line of 'bad news' stories about Intel in the last couple of months. This story is a terrible tragedy, but once the grieving is over, hard questions will be asked on how this was allowed to happen inside Intel's... — read more
How did he breach past security
According to court documents, the perp used a baseball bat, a hatchet, and a kn--e. He was packing lot of heat tbh. Not sure if they laid off the site security to save costs.
Shooting at Chandler Intel Campus
This morning there was a shooting at Intel OC 6. One person is dead one person is in custody and one person is injured. They were all Intel employees. Maybe now the media will realize that they dropped everybody's pay instead of just the executives. — read more
It hurts
Honestly, since the news, the morale has been very low. On one side I feel that there is still bloat and we get more efficient, on the other hand feel sad just disappointed on what has happened to a storied franchise. What did all the leaders in... — read more
CNBC laughing out loud at Intel
Somebody else post this, but it deserves its own thread. How embarrassing!!! https://youtu.be/a26GkQhA3HA?t=146
Are people really thinking Pat is the second coming of Andy Grove?
So many comments on circuit mention that!! Not sure what they are smoking
Moved to CPM
We have pay cuts AND layoffs anyway…
Deep dive into why Intel is way behind on chiplets
https://twitter.com/phatal187/status/1539994595769176064
Meessiah brings a false narrative their is no redemption
IDM and IFS with 4 in 5 is false prophet IDM where Intel makes its own silicon can’t continue. Even if LTD ever fixes its broken culture and gets on track technology 4 in 5 it isn’t enough. Not enough volume to ever learn fast enough or pay... — read more
A message from the messiah of Intel
Hearken unto me, ye employees of this company, for verily I say unto you that our fortunes have taken a great turn for the worse. Behold, the sun hath set upon our once-bountiful enterprise, and the shadows of desolation doth loom over us. But let... — read more
Anyone know the size of layoff?
How many people impacted? What’s the current employee count?
Intel isn’t that bad altogether
I am a recent college graduate that joined Intel as a SWE, and love everything the the company has to offer. I have previously worked at FAANG in my home country as well as interned in the US. Additionally, I have also worked in many startups in my... — read more
Why Nvidia, AMD, and TSMC can’t be beat with IDM and IFS
Since this strategy will inevitably fail, if you hope to last to the end many of you will end your career being laid off and retire or scramble to another company or leave soon and avoid the sinking. For decades Intel bullied AMD and kicked their... — read more
What do Intel and Ford have in common?
Ford reported terrible results for the quarter. Like Intel, the company believes their cost structure is bloated vs. competition. Ford execs thing they have $8B excess cost vs comp... They recognize just cutting heads or cost here or there will... — read more
Layoffs are ruining Intel
The main problem here is that once management gets rid of good performers and hires their cheaper replacements, not one of them is willing to admit it was a mistake when it becomes obvious within weeks if not days what a monumental fu-kup they made... — read more
Retirement Question
I am getting kicked out as part of CPM, but I am eligible for retirement. If I 'retire', do I lose my payment benefits of 1.5 weeks/year or the ability to collect unemployment?
What a CEO, what a CFO and what a chairman!
Any wonder we are in the $hitter? Protect the dividend, spend like a drunken soldier, ask government for Billions and don’t look in the rear view mirror. Can’t wait for what the next two years bring is this was the last two years... — read more
How Intel can win :)
Find some good h4x0rZ to find some flaw in AMDs Chips and firmware and do a massive attack to render their chips dead or corrupt LOL Help me Obi-Wan 1337 h4x0r ! Your my only hope!