With the projections reduced will they announce more layoffs in all hand’s tomorrow

Jan 27 (Reuters) - Intel Corp (INTC.O) saw about $8 billion wiped off its market value on Friday after the U.S. chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer... — read more 

Can you get laid off while on sabbatical or bonding leave?

Not shockingly at all to anybody, AMD is on this list. The only problem is they're not hiring right now. Amid an onslaught of tech layoffs, here are 12 major tech companies that haven't announced any job cuts in the past 6... — read more 

Curious if old ALTERA / PSG will be affected?

Intel still has a chance to come back but getting harder every day. The immediate solution is 1) to reduce cost in profitable groups by offering volunteer time off 2) start co-investment partnership for Ohio and Europe Fabs 2) offer longterm RSU... — read more 

Back in 2022 Intel's forecast was a revenue of 76B with 1-2B in negative cash flow. In 2021 we had around 79B with ~20B net. Where and how they ended of with 76B and 1-2B negative FCF? they money was dedicated for building Fabs?

(serious) Are these guys for real? Living and breathing Intel. Pat is their saviour, Intel is their home, they call their kids Blue Babies and couldn't live without the bing. People buying the corporate swag they give out to university students for... — read more 

Read between the Lines on what your told. They are prepping for major cost saving, High earners are easier targets, those with long service, My OKR as directed is to create training docs as to what I do on a daily basis. Prepare to train new people... — read more 

It is just me or your productivity is impacted as well?

Heard news that more significant cuts coming to axg after Raja’s sideline and splitting into two groups. Management is working on list.

After 2008 financial crisis which was a economic systemic crisis Intel had suspended raises and decided no layoffs and said would come out stronger after the crisis. That worked well since everyone was suffering and they kept the talent needed to... — read more 

Non-employee here, but one that in a former life used to program Intel microcontrollers (8051) and of course PC's. I'd like some candid thoughts on what went wrong? Did the employee mindset change? Was it outsourced? When did it begin? Did the... — read more 

Fire Pat before he causes more damage. Hire a ceo who actually understands how semiconductor manufacturing actually works. Fire Dave and hire a CFO who actually opposes his CEOs batshit crazy financing ideas.

I feel due to situation getting much worst, this year will have zero raise and zero RSU. What do you think ?

https://finance.yahoo.com/news/big-tech-layoffs-are-a-problem-of-the-industrys-own-making-morning-brief-112750716.html No mention of Intel, but Intel's problems run much deeper.

https://twitter.com/petergyang/status/1619402451425304576

Every Intel employee, leader and board member needs to answer to the questions raised here https://youtu.be/KPbZs0kJhsA

Rewards planning will be pushed further Second half 2023 macro will improve ELT will have an additional round of layoffs around 15-20%

Past the pivot point and faced with the perfect storm! Amazing the CEO can continue this narrative while the whole company continues to sink. How can he honestly say it is a macro economic issue when every other company did better. The... — read more 

Standing on x86 monopoly, high volume, and high gross margin. Now with the rise of ARM and AMD, the upcoming recession, and higher cost, it'll be very hard to keep the facade intact. When BK ACTed in 2016, the gross margin was 62%. They just... — read more 

PG essentially told the world we'd rather fire our chairman of the board then let go of any precious DEI employees. Down with the filthy capitalist!

Any group which resists layoffs now will be soon like the Memory group of 80s. Don’t know if Intel can spin up a product line to again dominate the market like x86 cpus did but if group leaders of their current products don’t cut costs heavily and... — read more 

Why is it that almost no one believes in the recovery of this company anymore?

Some Intel analyst report titles today: ROSENBLATT: “Historic collapse. Nowhere to Hide” UBS: “The Kn--e Continues to Fall” STIFEL: “Even Darker Before the Dawn” BERNSTEIN: “When You Punch Yourself in the Face”

Why are there so many posts on who should be brought back to fix the situation? Your future is not in the past, period. You need a new strong leader who will break down the grade 10-14 people who can't see the future and won't go away on their own... — read more 

If you work in Oregon fabs, you know how much of a disaster they are. Total disconnect from technicians who keep the place running from those who manage from the upper levels. Do more with less mentality but cannot even execute the basics because... — read more 

Wow oh wow is it now apparent that IDM and IFS is a failed strategy ? Yeah the economy is going south, yeah chips went from a shortage to a surplus. But Intel will be back! Yeah right, LOL or crying for Intel and sad for America that the CEO is... — read more 

should KB come back to save us?

You need to get your sh-t together! If Investors can vote to fire all your useless managers we would probably do! You are hurting us for past 2 years failing to recover the company where it should be. You need to make a tough and right decisions and... — read more 

Intel needs fearless decision makers to put products out. Their hiring team is a piece of cr-p. I left TMG after a rule of 75 retirement several years ago. Made major impactful changes elsewhere and I am still employed in the silicon valley. I... — read more 

I hope leadership considers these recommendations Suspend bonuses (apb & qpb) & instead offer long term RSU or stock options to vest upon company's success Suspend recognition tool & offer extra RSU or stock option as alternative. Suppose... — read more 

Oh man .. losing JK was a big loss. Pat, please bring him back. Even at double salary. Thats a cost that will have big ROI. Beg him to come back. We need technical stalwarts in this company. BK screwed the company.

That's what she said

With the morbid Q performance, carrying current headcount with minor redeployments that stay under the radar, Intel is trying to swim with heavy bricks tied to their feet. I can understand reluctance to come out with a large number of layoffs would... — read more 

Imagine you worked your bu-t off and got an MS / CS twenty years ago and you were aged 27... you hire on and are given lots of stock options... now you are 50 years old and you can throw the stock options in into the cr----r... Epic destruction... — read more 

more layoffs ? INTC files bankruptcy? PG steps down? Design and manufacturing separated