We're doing amazingly well. I think people are just looking for things to stress over. Enjoy this while you can, I'm sure it won't last forever.
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None at Def Met team in Oregon! In fact we are growing!
@1cb Really because then hypothetically employees might see that they are being tasked with 30 hours of official work that will take them 70 hours to complete
Because managers are graded on who can do the most with less now
Amazingly well means still 33% lower than previous peak revenue?
@11y yet we weren’t hiring for the last several years unless absolutely completely necessary. You speak of companies broadly instead of the topic at hand. The dynamic at intel has irrefutably changed.
@zk Companies are almost always hiring, even during mass layoffs. Sometimes even for the same positions.
That's the great hypocrisy of the American companies. Including Intel.
Hope that helps.
@bk there have been very significant gains made by engineering and the company that is literally hiring. Carefully, but hiring.
Hope this helps.
@rt
there is 0 correlation between the stock market and reality
large corporations or governments do not turn around in a few day or months
It's funny how people think that because the stock is going up, the company is doing well. Stock can go all the way up to $200,that does not mean company is doing Good. in fact there are still many significant and fundamental issues here at Intel. Don't fool yourself thinking everything is fixed now.
As long as Foundry is bleeding cash by billions of dollars per quarter, layoffs will continue to occur for foreseeable future (until 2030).
I know a few folks at Intel are getting too comfortable due to stock price, neglecting the foundry burden and market share loss. Folks at Intel are becoming Complacent again.
Remember, "Success Breeds Complacency, Complacency breeds failure. Only the paranoid will survive."
So don't get too comfortable or the layoff will get you one day.
@OP At least layoff the layoff rumoring
Do more with less = rolling layoffs as efficiency improves
Intel is a financial company now. As long as you can make news (blah blah in 2030) and sting to another large company (we will cooperate with blah blah), you can gain attention from Wall Street to bump up stock. No engineer is needed. Large layoff is coming quarter as the operational loss will be huge.
ShitTel will always have layoffs in a good time or bad time OP. That is what its name for.
Right? Isn’t Intel getting ready to float some stock?