Things have gotten so bad and the arrogant Intel management still thinks they have a handle on it. Wasn't it Einstein who said the definition of insanity is doing the same thing over again and expecting different results? PG doesn't have the mental... — read more
Huh ! Feel Exhausted
I work so hard. Believe me. I do. Doing everything that I can do every single day to put together a really hard day of work each and every day I am not sure what else I can do in my power, but this is getting exhausting. I am wondering why I am... — read more
Number of employees on payroll as of 12/31/22 increased to 131.9k from 131.5k on 9/30/22
As of Dec 31st 2022 intel employees increased to 131.9k from 131.5k. WTF Pat doing? He should be cutting employees aggressively when revenues and gross margins are going downhill. He needs to fire minimum 40% staff to improve margin. Here is pdf... — read more
Worst is over, no layoffs
We will need to work twice as much but we will make intel great again!
Here are the financial results
Fourth-quarter revenue was $14.0 billion, down 32 percent year-over-year (YoY) and down 28 percent YoY on a non-GAAP basis. Full-year revenue was $63.1 billion, down 20 percent YoY and down 16 percent YoY on a non-GAAP basis. ▪ Fourth-quarter... — read more
Intel chairman exits just ahead of next financial report
https://www.msn.com/en-us/money/companies/intel-chairman-exits-just-ahead-of-next-financial-report/ar-AA16HFK4?ocid=msedgntp&cvid=5e5b1950b6f14004a17153a2bfbf2839 This is a mess. What did the Medtronic guy know about semiconductors?... not so... — read more
Are more cuts inevitable?
Industry-wide push for job cuts makes me worried. Some think that Intel can't afford not to have another round.
ATTD
Anyone here know what happened to ATTD chandler folks during 2016 layoff?
Intel Profit to Slump, Dismal Forecast Feared
https://www.investopedia.com/intel-q4-2022-earnings-preview-7098307
What is next for the BoD
https://www.intel.com/content/www/us/en/newsroom/news/board-directors-jan-2023.html I guess we need a bean counter to watch Pat spend all government money. Is there anyone with expertise on the BoD to watch the fox in the hen houses. We had Andy... — read more
PG coming to Folsom.
What are things Folsom campus can showcase?
Do you agree …?
As an investor or employee do you agree 3B in cost reduction for 2023 is not enough and it needs to be higher? Maybe around 6-7Billion Investors like to see higher margin and cash flow
Get ready for massive layoff announcement on Jan. 26
It is coming and it will be huge!
Pat is the third highest paid CEO
$178M. He’s driving the company into a ditch. Now with a random chairman of the board, it seems his position is solidified. What a shame. This person is batshit crazy
Not a good time for tech
Some say that the market is not as bad as we think it is and many were able to find jobs within a time frame of three months. And yes, I know several people who found new jobs very quickly, albeit outside of this industry. I got the impression that... — read more
Cheaper worker as their preferred solution to every issue
It is always possible to find an employee who will do the job for less money. However, how well will the job be done? It looks like this leadership has absolutely no long-term plans for Intel, because a cheaper workforce cannot possibly be the... — read more
Quiet quitters
A few months ago, everybody was talking about quiet quitting. Suddenly, nobody is even mentioning it. I wonder if those who were so proud to proclaim they were giving it their minimum realized that that might not be the best way to go if they wanted... — read more
The future is bright can Pat be far behind ?
https://www.bloomberg.com/press-releases/2023-01-23/intel-board-of-directors-appoints-frank-d-yeary-as-new-independent-chair?utm_source=website&utm_medium=share&utm_campaign=mobile_web_share
More Layoffs expected in February
NEX.. maybe others as well?
Poaching Talent
How about poaching talent from all the other top tech companies laying off people?
We had better prepare for continuous reductions in the coming years
I'm safe for now, but I'm aware that we won't be able to breathe easily here for a long time to come because continuous reductions will follow. However, how often these days are employees in the industry offered a better option than to wait for... — read more
Hiring
I thought there was a hiring freeze at Intel, especially due to the major layoffs we've been having. Was I wrong? I keep seeing people commenting how they got a great offer from Intel, so I looked up open positions. It was a shock to see how many... — read more
Thursday's Q4 earnings report will be a big indicator of the future.
Analysts are looking for earnings of $0.20 /share with revenue of $14.5 billion. If they don't at least meet this low bar and have a better forecast for the year head count reductions will likely accelerate.
Ghosted by Manager
My manager stopped showing up to work months ago. The worst part, beyond our team having to pick up the slack, is that his manager hasn't even noticed. It's depressing.
Davos costs $250,000 who paid for Intel CEO to go and pontificate?
Is it appropriate to go to Davos to hob nob with the global elites in the middle of poor execution and large layoffs? Why? Yes it is an ego boost but arguable the ROI on it is suspect. You can grift for tax credits by picking up the phone and... — read more
Intel’s insight better than Google and Microsoft
Now that Microsoft and Google are laying off more than 15000, It looks like Intel made a move much better than these other companies who waited so long and did it in so short time. There is something Intel does better and market catches up
Now Double That Layoff
https://www.channelfutures.com/business-models/intel-job-cuts-more-than-doubling-in-california-employees-walking-on-eggshells
how are my Oregon hillsboro friends are doing?
did anyone get fired yet?
30 layoffs confirmed in Ireland
https://www.rte.ie/news/ireland/2023/0120/1349915-intel-redundancies/ Why is Ireland getting off so lightly...?
Intel casts doubt on Italy for chip factory location
https://www.theregister.com/2023/01/20/intel_gelsinger_casts_italy_factory/