However product team get huge cut?

Calif. tech companies see laid-off workers as 'table scraps,' recruiters say https://www.sfgate.com/tech/article/california-tech-companies-laid-off-table-scraps-19723851.php

Incentives hit the spot with many… starting to hear about quite few that took it. Good on them…

Yeah he worked on the 486. Great engineer, but he has no vision. He became CTO of Intel in 2001. What technology did Intel develop during his tenure other than x86 processors? Larrabee? Fail Xscale? Sold WiMAX? Mega fail Etc… He then went to EMC... — read more 

The sh-t is going to hit the fan real soon, folks. Sell whatever leftover INTC stock you have. You heard it here first!

They just pushed back their open forum until after the BoD meeting mid September. Pretty ominous I gotta say...

So much yes! Tan has told people he believed Intel was overrun by bureaucratic layers of middle managers who impeded progress at Intel’s server and desktop chips divisions and the cuts should have focused on these... — read more 

The validation group under IFS is the d-mbest thing ever. IFS already having problem selling wafers, what makes anyone think selling VaaS (validation as a service) is a good idea? No wonder this company is going down the toilet.

I said all the usual stuff like not trusting the senior leadership, lack of transparency etc. However on reflection it really comes down to one thing, not feeling safe. I have worked for various companies from startup with 3 employees and other MNC... — read more 

https://www.digitimes.com/news/a20240826VL202/digitimes-asia-weekly-news-roundup-intel-chips-act-huawei-ic-manufacturing.html However, despite its best efforts, the company failed to address several critical issues, including the yield rates of... — read more 

"A.I. Everywhere" EXCEPT Intel. https://www.tomsguide.com/ai/copilot/intel-says-copilot-will-run-on-your-laptop-but-only-snapdragon-chips-can-handle-it Copilot has become so ingrained in the Microsoft ecosystem that there is even a new keyboard key... — read more 

https://finance.yahoo.com/news/exclusive-intel-board-member-quit-143944877.html According to this, Tan called Pat & BOD out for bloated org, recommending specific cuts, etc. Basically everything we all knew. Sounds like Pat and BOD are still blinded... — read more 

Not sure if we had a thread on this, if yes, please ignore - Intel Corp. has hired advisors, including those with Morgan Stanley, to help defend the company against potential shareholder activism, CNBC reported late Friday... — read more 

Now lets see how this whole mess will de-tangle. I wouldn’t be surprised if some fundamental change is coming. It’s astonishing that a company with projects of national and international security concerns was allowed to be so badly managed. — read more 

https://spectrum.ieee.org/chips-act-and-intel

We have no capable managers left at Intel. Everybody who could have made a difference is gone, outside of a few people who are just the exception that prove the rule. It's like Pat is determined to surround himself with yes-men and yes-women who'll... — read more 

“Successful production technology, although a positive step, might not solve all Intel’s problems. In addition to the high costs of investing in new fabs, Intel must navigate the tricky prospect of attracting customers to its foundry business while... — read more 

Is it just incompetence or wishful thinking or is something drastic like a takeover/selloff-for-parts deal in the works?

Personally, I prefer ISP, and the reason is to ensure I never return to this unpleasant place.

https://www.linkedin.com/embed/feed/update/urn:li:ugcPost:6884948095449362433 The level of cluelessness is astonishing. This is the guy running the show folks.

No involuntary layoffs in TD as confirmed by a friend close to VP.

Rumors swirling around that VPs/Fellows will be offered packages too! Why not right? Chipz act $$ for grabs. 18 mo. for the eligible (supposedly). If true, that’s 600k give or take. Who said layoffs are a bad thing?

… all of this waiting and wondering… it’s debilitating… and annoying…

“Our costs are too high, our margins are too low.” “And that’s the way it is.” “Good night, and good luck.”

I wonder what morale was like at NVDIA and AMD when they were in the sh----r. Being at the bottom is what it usually takes to come up with something new/revolutionary. Question is whether Intel leadership has what it takes to come back. Remember... — read more 

https://www.crn.com/news/components-peripherals/2024/intel-expands-ai-pc-partner-benefits-amid-big-spending-cuts

NEW YORK, Aug 26 (Reuters Breakingviews) - Intel’s (INTC.O), opens new tab in a money-spending fight, and it’s falling short. The company has plowed billions into matching Taiwan Semiconductor Manufacturing (2330.TW), opens new tab prowess in... — read more 

1:1 moved from Monday to Friday. Should I believe that I will be notified of ISP?

Seems like every boss is trying very hard to make workers shut up and keep working while layoffs are in progress by telling staff that their jobs are safe because they are important and there's lots of work to keep everyone busy. I mean if everyone... — read more 

you would think it was by design. It boggles the mind, this level of incompetence and cluelessness at the top of a multi-billion dollar company.

The BoD was meeting every quarter from 2021 to now (that is 14 quarters) - they could see the revenue dropping by billions every time - was there nobody among the thousands of highly paid finance org to do some basic modeling to forecast that we were... — read more 

Pat will not be around to deliver the earnings call for Q4 2024 (which will be held in late January 2025). There will be a new CEO. There will be some MEGA announcements around the future of Intel at that time. Expect a complete clean house including... — read more 

ELT supposed to be ending some products and possibly technologies, has not been discuss here yet...

Who is eligible for VSP, say, in hillsboro Oregon? Is it open for excemt? Non-exempt? What about the techs that want the VSP? What’s the process like? Not expecting any friendly help from the company.

From Pat: Intel, Our annual revenue in 2020...was $24 BILLION HIGHER THAN IN 2023. .. Let that sink in everyone....really...sink in...Pat knew this going in 2 years ago..and HE DID NOTHING!!!!!!!!!!!!! 2H of 2024 expectations will be a DISASTER- CPU... — read more 

"All VSP applications will be accepted" vs. "90% of VSP applications will be rejected" September 6-10 can't come soon enough.

What's happening in SMG now that its been announced?

Would you take it?