CRNC +143% today. https://www.investing.com/news/transcripts/earnings-call-cerence-pivots-to-generative-ai-eyes-2025-profitability-93CH-3735185
Remember this?
The day when so many of us realized we joined the wrong company. This could have been us with good leadership, though. A June poll of over 3,000 Nvidia, $NVDA, employees (out of around 30,000) showed that 76% were millionaires, per... — read more
What happens stock when INTC splits
When the split happens, what will happen our stock if our company splits into 2 completely different companies? I don’t want my investment to go anywhere near Foundry Failure
Quantum computing will be the next market Intel loses to the competition
Years of bean counters trimming budgets to increase payouts to Wall Street and PGs reckless over spending on IFS have left Intel in a position were they can't spend enough on R&D to compete in new markets. There is no way the company can afford to... — read more
CPM folks: APB & 401k deduction
I wanted to adjust %APB deducted for 401k. But I can't access future contributions any more thru Fidelity. Is APB payout still eligible for 401k deduction?
Should the CEO be entertaining?
Goofy discussion with myself. As a good leader a CEO should set the culture. Or is doing that merely entertainment? Then I realized Far and away by a New York mile Pat has been THE most entertaining CEO and I don’t particularly mean amusing more... — read more
For those on the foundry side
Be weary. Be very weary. One the split happens (and it will), Foundry will be tagged as a MFG company - not engineering. This means work environment will likely erode along with wages and benefits. What you have seen under the guise of austerity is... — read more
MJ is clueless
https://www.oregonlive.com/silicon-forest/2024/12/intels-co-ceos-on-breaking-up-the-company-thats-an-open-question.html?outputType=amp His counterpart, interim co-CEO Michelle Johnston Holthaus, said she thought separate companies would be a bad... — read more
Is Pat coming back to lead Intel Foundries?
Is the rumor true? PG back.
Serious discussion on back to office ….
When covid happened intel got more out of us. Without the commute we all worked the hours we would be commuting in exchange for this flexibility. The problem with going back is they want us to still work the extra hours while coming in at the same... — read more
PLEASE - Bring us back to office
As a fairly new employee who has never known full in the office work, I’m begging the powers to be at Intel to bring us back to the office before many of us newcomers leave. We are not getting the experiences that we are craving
Not sure if this is true, but it makes sense after so many year observation
https://www.livemint.com/companies/news/this-firm-hired-1-000-employees-in-india-after-ceo-fired-900-staffers-over-zoom-11644902990570.html
Was talking to an ex colleague who is in the process of suing intel
He is suing Intel for age discrimination. Wondering who else has sued or suing Intel and why?
So split is on the table again?
Or that’s just a rumor? I only wish we all have other options lined up by the time they figure out what they are going to do and implement it.
Good bye 2024 - The Worst Year in Intel History
2025 has to get better or does it?
Intel's 2025 plan leaked
Formally split into 2 entities - Intel Products and Intel Foundry. Michelle becomes CEO of Intel Products. Pat returns as CEO of Intel Foundry. Announcement expected in Q1 and implemented by Q3. But in typical Intel fashion, expect delays. And as... — read more
Study finds consumers are turned off by AI
Have you seen Intel’s lineup of topics for CES 2025? Someone should tell them.
Chips Act
Handing out money to insure technology independence for America. It's going to be hilarious when the government finally figures out that Intel don't make chips for cars, trucks or household consumer products.
Will Tech Ever be an “Employees Market” Again?
It may be difficult to see from where we’re sitting at Intel, but recent news tells us the rate of Tech layoffs is declining. Will it ever return to the days of too many open jobs, not enough employees? I anticipate headwinds to ever experiencing... — read more
Average developer here
Not bad, not outstanding. How are the rest of you faring with job search? I’m beginning to panic. The market is saturated by the likes of me and there are crazy expectations. Layoffs and all the hype have caused companies to raise the bar, demanding... — read more
Bring us back to office
Please bring us back to office 7-5 x 5 days a week please. The employees are craving this to get us back on track
Anyone who was ISP /VSP get offer from Nvidia?
I have heard of people going to AMD and Qualcomm
Intel leads 2024 tech layoffs, but sector lays off 43% less year over year
Intel, a company which featured more downs than ups in 2024, led the tech sector in layoffs with approximately 15,000 employees let go during the year. However, the total number of tech workers terminated declined by 43% year over year, down to... — read more
https://nypost.com/2024/12/28/us-news/donald-trump-backs-h-1b-visa-program-supported-by-elon-musk/
HAHAHAHAHA!
Failing a hostile takeover or other activist restructuring of the company, seems divestiture is the path forward.
Certainly Altera will go and the company should sell off its stake in Mobileye. Then stop or preferably sell all product groups which fail to have traction. When Intel had dominant datacenter market share, it (maybe) made sense to sustain... — read more
Intel H1B
" Intel Corporation sponsors H1B Visa. The above sections on this page show the complete H1B Sponsorship data for Intel Corporation. They filed a total of 3,722 LCAs in fiscal year 2024 with US Department of Labor. For additional H1B sponsorship data... — read more
Intel in 2024: year in review - The less said, the better?
Funny headline. https://www.techradar.com/computing/cpu/intel-in-2024-year-in-review
Activists are said to be looking at some form of takeover.
The Board would presumably be mostly replaced and the company streamlined. This is what the Board and ELT were trying to avoid by pushing Pat out the door, trying to lay the blame on him when everything the company has done, ever, is a group... — read more
Stressed and unproductive
Working here feels impossible. I can’t focus and get things done when the fear of layoffs is always hanging over me. The second you start to feel comfortable, someone whispers about more job cuts. The stress is truly becoming too much. I have no... — read more
Ohio fab pushing out to late 2026.
Maybe they can convert the site to process cow chips?
I just want to leave
I hope one of the many jobs I applied for will work out.
Time to get back to Pat, back to where he once belonged
because bringing back Andy Grove himself is just a bit too 'Weekend at Bernie's' Worst mistake he ever made was with his direct reports, starting with Dave, who should be fired for incompetence and/or malfeasance. A competent CFO would have not let... — read more
CES 2025
I see some great product announcements an updates lined up. Event to be launched by one of the new CEOs. I find it interesting that in the first paragraph the author felt the need to call out that Pat will not be in attendance. For this fan boys... — read more
All I want for Christmas is to be laid off
I don’t think that’s too much to ask for. And before anyone jumps on me for not quitting, let me just say: I’ve spent enough years at this place to earn my severance several times over. I am not about to do Intel any favors by quitting. If they want... — read more
Try to enjoy holidays with your loved ones
It's hard to switch off all the worries in a short amount of time, but we should make the most of every opportunity we have to enjoy the time with people we love. Stress makes us sometimes forget about what’s really important in life. Have a nice... — read more
Merry Christmas!
I'm a Boomer. Been around the block and experienced hurdles during my career. It can be scary, especially when raising a young family. Lean on your family, friends, professional network for solace and ideas. Every chance you get, set aside an... — read more
Still thinking about work
I think it’s messed up beyond reason that I’m here on Christmas morning, unable to stop worrying about losing my job. If I ever needed a proper wake-up call to realize I need a new job at a better company, this is definitely it. It’s hard to ignore... — read more
Thinking about more of this same cr-p ahead makes me depressed
It can take many more months before anything settles down, after nearly a year of people being at their wit's end. I’ve been trying to keep a cool head and not let it affect me this whole time.But it’s becoming impossible to ignore the anxiety that... — read more
When they bring Pat back, it will be just like when Jobs came back to Apple!
Maybe not the black turtleneck sweater, but who needs that when you can have a stock go for that ride?