All reporting in MSM regurgitate Bloomberg lead. Has there been any comment from Intel that this is going to happen? I guess not denying it could be taken as confirmation. Shame. Tough times.

Unfortunately, every time we hear about the necessary transformation of the company, we get a less and less efficient company. Remaining employees are increasingly dissatisfied and less productive. Why transformations fail?

Among all the sites in US and offshore, which sites would be the most and least impacted. I am guessing low cost centers like Bangalore may be least impacted.

https://www.bloomberg.com/news/articles/2022-10-11/intel-is-planning-thousands-of-job-cuts-in-face-of-pc-slowdown#xj4y7vzkg

Always do your best, acquire new skills, and as soon as you feel that your personal growth is stagnating, look for an opportunity in a better company where you will be able to continue growing your skillset. I can't think of another way... — read more 

Let’s image 20% reduction is coming. How much would that save intel for 2023 physical year?

https://www.rte.ie/news/business/2022/1012/1328697-intel-planning-major-staffing-reduction-report/ Wonder which groups are first on the chopping block. Contractors usually go first

Israeli artificial intelligence chip developer Habana Labs, acquired by Intel for $2 billion in 2019, is laying off around 100 employees, which account for about 10 percent of its total... — read more 

There are two good indicators for it. Are you over 50? Is your pay above average? It doesn't matter if you are on one of the main projects or if you think you're indispensable for your institutional knowledge and experience. If you check those two... — read more 

Market cap will soon be under $100B. The company is hopelessly behind in process technology, LTD gave that away years ago. Products are just a rehash of the previous versions, little innovation. Intel management is still convinced that they are... — read more 

Everyone complain about big layoff - quick google search, no they arent - infact, they cant GET enuf people! https://in.indeed.com/jobs?q=Intel You aren't looking in the right PLACE!

Intel plans on building lots of new fabs and manufacturing plants. The problem Intel has is it doesn't have the products to fill those fabs. Yes they have competent design teams considering they've been behind in process technology for a couple of... — read more 

https://twitter.com/i/events/1579907072656871511 Cyclicals get hit the hardest in recession (semiconductors). It's going to get worse before it gets better.

If only intel was more honest about the need for fed bailout. It was the need for leading edge process and not the fake chip shortage.

If you have been around since SET, ACT, or the various division eliminations from years past, you’ll know the deal. Marketing Sales Those are easy. Big cuts there. Also beware of pet projects from VPs. Any money pit remnant from New Devices... — read more 

Just a few days ago, 10% pay raise was discussed here. Everyone wins with 20% layoff and 10% raise: shareholders get a much needed bump on stock price, executives get their fat bonus, rank and file get their raise, janitors get more free time... — read more 

Hold on to your butts https://www.reuters.com/technology/intel-plans-cut-thousands-jobs-face-pc-slowdown-bloomberg-news-2022-10-11/

The Foundry announcement today will turn things around for Intel.

https://www.aroged.com/2022/10/07/intel-to-announce-massive-layoffs-later-this-month/ Is this news credible, has any senior manager confirmed this.

Stock is way down! Revenue and profits are way down. Is the messiah going to turn water into wine. All the governments money can’t fix a broken culture, incompetent engineers and managers and lastly a flawed strategy. We all know what the assured... — read more 

tsmc stock down 8% winter is coming

https://www.wsj.com/articles/pc-shipments-plunge-nearly-20-steepest-drop-in-more-than-20-years-11665442764 Prepare for the long winter. Recession is imminent. Layoffs are all but certain.

I'm not expecting anything good because I am not satisfied with what the company has done to address its existing issues. Any predictions on what the quarterly results might look like?

To haters and scammers, intel is having a strong come back under Pat’s leadership and you guys soon have to find a new job 😁 Start working on some projects to add to your resume 😉 Good luck!

https://www.reuters.com/technology/samsung-elec-q3-profit-likely-fell-32-demand-slumped-downturn-2022-10-06/ Layoffs are coming. It’s going to be a long tech winter.

https://www.protocol.com/amp/chip-export-restrictions-tsmc-intel-2658408143

Pat or someone else?

Will it be shock and awe! I am surprised Intel can’t be transparent and honest like AMD, but again with Pat why is that a surprise, says it all doesn’t it!

AMD announced revenue shortfall today but egoistic Pat can't announce revenue shortfall and like to surprise market on earnings day. Last quarter revenue shortfall was huge compared to guidance but still didn't bother to announce it. I am sure intel... — read more 

Quiet quitting will not help you maintain skills, which is essentially the most important thing. Pretending to work for a long time actually harms us more than it harms the company. Some of my colleagues are surprised that I still put in so much... — read more 

Got confirmation that the CFO Dave Z is instructing for 25% budget cuts across all SG&A spends, so there will be cuts to headcount. Any other orgs getting cuts?

Intel is nowhere near the company I thought it was when I applied for the job here. For me, this company is a disappointment in every sense of the word.

Rumors of VSP. Anyone know anything ?

How is intel providing immigration for roles like project manager / product owner, SW development, etc. I thought it had to be a skill lacking in the United States? Why has this not been reported to Immigration and Customs?

Still a dumpster fire, to the surprise of no one. The timestamp headers are a riot to read, great job LP and ST! https://www.youtube.com/watch?v=nEvdrbxTtVo TIMESTAMPS 00:00 - Intel Arc A770 GPU Review & Benchmarks 01:38 - These Cards Are... — read more 

Anybody else notice that all the executives seem to have disappeared into their holes? Intel hired 30,000 people and then everyone disappears. How long before they fire 30,000 people? My guess is right after the quiet period.

https://www.eetimes.com/intel-foundrys-no-1-customer-u-s-dod-targets-gaa/

I can't even remember what exactly was my breaking point when I decided on quiet quitting, but it's clear that my manager is not thrilled now.