https://www.investing.com/news/stock-market-news/intel-considers-splitting-off-foundry-business-scrapping-factory-plans-bloomberg-3594608 Major changes could be coming.
Bailout
What if the Plan is to bankrupt Intel and then ask for bailout?
Will the Intel Turnaround be a success?
Who is John Galt?
Intel’s Secret Turnaround Sauce
Keep out of the hands of TSMC AMD and Nvidia Known to all levels of management from the CEO down to all FLM’s If you ask for it by Friday you get it by Friday And If you ask for it by Thursday you get it by Thursday Take no excuses! Use this... — read more
Pats Legacy
He ruined Intel. He absolutely destroyed the very company he claimed to love, but his real legacy is the lives he shattered. Just look at some of your coworkers, peers, and friends—some may never recover and could spiral into addiction. Then there... — read more
Fastest way for turnaround completion
If ELON becomes CEO, he makes foundry profitable only in a few quarters.
NEX spin off? Sold?
Video from SK mentioned waiting for BoD approvals. To me that says only one thing. Some portion of NEX spinning off or being sold off. Anyone hear any rumours?
Sites Closing
Who else got the your site is closing email? Which site?
I hear they are blocking a huge % of VSP is this true?
Word is all sites outside of US vast majority of VSP will be blocked and only ER getting into the life rafts - is this true?
Under 0.4 D0 on 18A
Pat Gelsinger confirmed what most people know in TD, 18A is doing fine. Can the haters who don't know anything about 18A stop posting?
Remember when Intel's core values were important?
When everything was about innovation and quality? Now it's all about cutting costs and cutting corners. Sad what this place has turned into.
“We see the finish line in sight,” Gelsinger said.
Yeah Right ! "We are Finished" is clearly in sight ! https://www.cnbc.com/2024/08/29/intel-intc-gelsinger-skepticism-activist-layoffs.html
Anyone getting denied CPM or ERP
I heard ERP is auto approve, was anyone denied CPM or ERP? what location?
% VSP Approval Currently?
What’s the lay of the land for % VSP at your site / dept for Approvals? rumours have it no more than 15% per site and Pat holding strong at board level not to allow deeper cuts resulting in board being split and the sinking to continue as a result — read more
Intel and IBM Collaborate to Provide Better Cost Performance for AI Innovation
https://newsroom.ibm.com/blog-intel-and-ibm-collaborate-to-provide-better-cost-performance-for-ai-innovation
We need more of this
We need to put pressure on CEOs - Pat included - regarding layoffs and sending jobs abroad. We need everybody to care, from government to the public to employees. It'd be so good to watch them squirm for a change as they justify their decisions. Why... — read more
Took VSP and never looked back
Try to leave, guys, if you have other options. If not, look hard. Why would any of you suffer for bad decisions of the leadership? Leave the sinking ship. The sooner the better.
Intel Family
How are we feeling “Intel Family”? If your still feeling the indoctrination, the jokes on you. No CEO thinks of his employees as family. Pat sells that idea just like he’s been selling the idea that Intel is not falling apart around him. Do you... — read more
CEO hiring judgment
The fact that Pat hired folks like Christoph, Christy and Dave is all you need to know about Pat’s judgment Christoph is an arrogant pr--k Christy is clueless Dave is just Pat’s yes boy
Complete the list of items
Reasons for poor results: china weakness, macro headwind, supply chain issue, not participating in AI race, this the bottom and improve from here, soft CPU demand, second half will recover, inventory correction. Those are the excuses Pat made both... — read more
Pastor in trouble
https://www.reuters.com/technology/us-senator-presses-intel-ceo-chips-award-after-job-cut-plan-2024-08-28/
VSP and ERP are over
Does anyone really believe that Intel can recover or are you just using the time to look for another job? Continue to milk the cow metaphor. Now that you waited for the worst economic conditions possible to hold off leaving you should be scared. If... — read more
Is INTC a good buy at $10?
Good value at $10?
Who’s holding on because of the income and health insurance??
We all have families to feed, expenses to pay, and in need of health insurance. Who else is holding on until the ship sinks because of the salary and health insurance? Let’s admit it: Pat’s “strategy” is going to sink us!
Whatever is happening to Intel is well deserved. Thoughts?
BK started this mess in 2015 with the ACT and you now see the results.
Across the street
meanwhile Nvidia is buying back stock @ 25x REVENUE while the CEO dumps almost $20M worth almost every DAY is priceless… Not to mention the fact that it's a $50 billion buyback and the company's total cash balance is $35 billion…
Nvidia reports 122% revenue growth on surging demand for data center chips
Pat, what’s going on, buddy??
Do the managers know who volunteered for CPM now?
Has anyone discussed it with their direct manager or skip level?
Employees should protest outside Intel site NOW. Ask for Pat's removal.
Haven't you had enough. Do something.
For all TD process people: what other options exist today?
Other than the obvious ones in AZ or ID, what other options are y'all exploring/interviewing/landing?
Who makes vsp approval decisions?
Title says it all
When did Intel started paying above the industry standard?
Every offer I get is lower than what I make here. Did pay go down across the board and I missed it or is something else going on?
Hillsboro, Oregon will be a ghost town
The current population of Hillsboro, Oregon is 107,299 with a working population of 58,000, so after Intel Layoffs it will be a ghost town. I imagine for every job at Intel, there are 10 supporting jobs from fast food workers to part suppliers... — read more
People should not cheer Lip-Bu Tan for exiting now
Intel didn’t find itself in problems last week. This is the result of accumulated mistakes, bad decisions and failed leadership/mgmt over a long stretch of time. It’s easy to leave once the lid blows up and dirt starts bubbling up. These people... — read more
Captain Christoph gives raises to 4 VPs
The drunken captain is at it again. We are all familiar with some of his greatest hits - Cruises, trips to Davos, weeks in Paris for the Olympics, and Cannes advertising shows. But the best of all might be this past week when he promoted 3 VPs to... — read more
Face the facts
Intel management sees every one of us as very replaceable and they will continue to replace us as long as they have cheaper options. That's the way things are and they're not going to change any time soon. It's not about what you know or how good you... — read more
After layoffs those who remain ..
Will have a compensation of way below average. Can intel win with not properly compensating employees?