Even though no one really knows what will become of Intel? Regarding the ideas that it may have been the plan all along to ruin Intel and sell it off - c’mon guys, that would require the level of competence and strategic thinking I haven’t seen in... — read more 

See the pattern? Anything Pat “leads” is sold off and acquired by other companies… VMWare sold to Broadcom… Intel next? Makes you wonder if that’s been the plan all along…

Read more on Reddit: https://www.reddit.com/r/Layoffs/comments/1fooiqt/intels_toxic_work_culture_exposed_by_retiree_as/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button TL;DR: A 28-year Intel veteran retires... — read more 

Good luck selling that. Here's the deal: Pat saying "We have the goal of offering a lower overall total cost of ownership." is a long fu--ing way from pricing our slower products less than the competition.

Put in that perspective everything changes. What would it take to make (Product or Fabrication) survive? Na. Hard pass. Find another fool and his money.

Small detail but it now has separate info for ISP saying that ISP package details will be given with termination notice.

Such an iconic company with some of amazing technologies in advanced packaging (EMIB, Foveros). I don’t think Intel will be acquired by any other company. They still have much left to contribute to world technology.

Does anyone know if Intel offers extra benefits in the severance package for employees over 55 who've been here a while? Is there any additional compensation or perks for older workers when layoffs happen? I'm not in that age group, mind you, I'm... — read more 

The board will soon have no option but to fire Pat. People are so distracted by the daily news and gossip that they are losing sight of the next shoe to drop - earnings call on October 24. If Intel misses or even meets the already lowered guidance... — read more 

Not able to get my cash out from Etrade account which was locked for weeks after selling all Intel stocks. Anyone else has same issue? Is something big going on between Etrade and Intel?

Just to see how this drama will unfold. Nobody’s really productive. Who would take this company seriously anyway? I’m doing the bare minimum needed not to be fired in order to stay. I don’t expect anybody at the top to suffer any consequences for the... — read more 

running the company to the ground with his stupid IDM 2.0?

Sorry to disappoint but there is no deal. But the bump in stock price presents a good selling opportunity. It is all going to be nose dive from here.

Maybe they can do something with this place. They certainly can't do worse than Pat and his cohort. The more I think about this, the more it sounds like a great idea.

They are TSMCs top 5 customer. Pat wants to save the fabs…Qualcomm seems interested in only M&A scenario. It’s the only way to save the fabs….

So sad to see this fallen company.

I spent three years at Intel under a manager with zero leadership skills, having to deal with unrealistic goals and toxic team dynamics. It wore me down physically, mentally, and emotionally. I finally left last spring, and I haven't looked back... — read more 

Intel will be split into 2 companies. Product company will be acquired by BRCM who will only retain Client/Server/NEX business and related engineering teams (IP, SoC including X86 core). All other non-revenue generating businesses sold. .. — read more 

https://finance.yahoo.com/news/apollo-offer-multibillion-dollar-investment-211329615.html

Qualcomm has approached Intel to discuss a potential acquisition of the struggling chipmaker, people with knowledge of the matter said, raising the prospect of one of the biggest-ever M&A deals. California-based Qualcomm proposed a friendly... — read more 

In the anticipation of another week full of stinky revelations, uncertainty, and the fear of losing a job elevated by the state of the tech jobs market.

Gave a number for the ISP target, but we all had sussed that already. No information about program reprioritization, what comes after ISP, what does it really mean for IF to be independent. Nothing. Business as per fu--ing usual, keep your head... — read more 

Let's be honest... Intel is not going to be sold or have IFS spun off until IFS has real non-Intel Products revenue (2027). If IFS was spun off today, it would be closed down 18 months from now because there's not enough customer & revenues to... — read more 

I know that at this point I’m stating the obvious, but it’s still astonishing. How come nobody checked Intel better before they were included in the chip govt scheme? I have been wondering about how the unraveling will affect the previously stated... — read more 

Every day that Pat remains CEO things keep getting worse. This arrogant CEO has literally failed at every single thing he attempted at intel. He must be fired ASAP.

The article is behind a wall street journal paywall but it can be read here: https://archive.is/qQYBe

If Intel fires everyone and sold on eBay, it would worth $20 a share. How much would QCOM pay? $22?

No update, comment or apology from Pat. I'm shocked! lol not really. Through ones actions/inaction you can see the true person within.

We know nothing - how long this will last, how many people will end up losing their jobs, how restructuring will look like, whether Intel will even exist in its current form in near future. Maybe there will be a spin off of foundry, maybe someone... — read more 

Qualcomm gets access to our high tech foundry business while we get access to their culture and competitiveness Atleast they will come and fire these useless middle managers and 50% of these free loader principle engineers who sit all day and do... — read more 

I dont work for intel. But would like to know what % of employees are based in india. Asking for a friend who wants to buy intel.

The End Is Nigh. https://www.cnbc.com/2024/09/20/qualcomm-reportedly-approached-intel-about-takeover.html

Well, most of them are. Smart people and hard work. But I think we are working on wrong things, the focus is not there and it just feels empty. Poor direction

They really need to work on their messaging. The amount of incompetence from a communications perpective and lack of understanding of employee morale is incredible. In the same breath he tells people they need to accept remote work because they are... — read more 

https://semiwiki.com/forum/index.php?threads/switching-jobs-only-to-face-layoffs-honest-thoughts-from-someone-who-moved-from-tsmc-in-the-us-to-intel.21042/

$10 says she repeats what Pat said in his email after spending 20min talking about Safety First and some meaningless OKRs. I will be flabbergasted if she actually mentions concrete numbers for ISP, project cutbacks or reprioritizing.

This sure has to change some of the plans re: layoffs and restructuring? I’m not trying to give myself false hope here or anything - I would actually love to leave Intel and I’m working on it, but I’m wondering how it will all play out with respect... — read more 

So we didn’t make Pat’s Plan happen and some of us are going to get ISP’d But whatever happens You are a good person and a talented person and a good enough person Don’t let Intel’s failures tell you otherwise — read more 

Pat, you are clever, you did plan from day1, good job, it is the same way as AMD and IBM have gone through, we need to cut asset and capital from B/S, and to be slim... — read more