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Biggest cost reduction should not come from its people cost (linkedin post)

By 2025, #Intel plans to #eliminate up to $10 billion in costs annually by restructuring its operations and #sales departments and focused on the development of domestic foundries.

Intel is in a bad situation right now. Since the $280 billion #CHIPSAct deal has been signed, Intel could not wiggle around by delaying the building of new fab in Ohio, which it broke ground on earlier this year, and has committed at least $20 billion to the project. In his #Reuters interview, #PatGelsinger did say that Intel’s people costs were a relatively small part of its overall spending, so the company is more focused on its factories and fabs as places to save money.

I still believe that Pat Gelsinger, as a renown #CEO, will save Intel from trouble this time. He knows that the biggest #cost #reduction should not come from its people cost. This is a little bit different with earlier announced that Intel layoffs are coming in Q4 as it cuts billions in spending. The factories and fabs overall operational cost should be the number one biggest cost. Since there is an oversupply of chip semiconductor after a huge shortage during the #covid19 pandemic, it is not wise to still ramp up and run the fab production as normal. There should be a swift adjustment to cut the production following the decrease on #chip #demand.

As far as I remember while still working at Intel, the company policy on people #wellness and #wellbeing is something that I really proud of. Intel put its people first. Intel has invested so very much on its employees. Intel has been awarded as the TOP 10 employers in Malaysia with its slogan "#aGreatPlaceToWork." That's why Intel will put #layoff plan as their last option to keep the business running.

I still believe that Intel could weather the storm this time around. With Pat Gelsinger, as a CEO, Intel's best year is yet to come. It certainly will come soon as long as Intel policy on its people do not change. Wishing Intel the very best of luck.

Is this you living in la la land?

You may believe in devine right, but technology nor business doesn’t. They didn’t care about GM, IBM, Kodak, Blackberry, Motorola, GE, IBM nor Intel.

No amount of Government Subsidies or whiny National security and big Honking Fabs and having more concrete trucks than anyone else can fix Humpty Dumpty when TMG is so broken.

“ I am still amazed to be in my dream job. Love the energy and enthusiasm on the Intel Board of Directors. Thanks Omar Ishrak and team for your partnership. #team #intel”

Get a raise, it’s the same reason garbage collectors and outhouse cleaners make a lot of money for what they do too. You do dirty work all around smelly $hit. You could go elsewhere and do better and it is less smelly, only way to get you not to leave for better jobs, pay you more duh, the outlook is so poor at Intel compared to say AMD, Qualcomm, Microsoft or Nvidia if you are chip design. So much better at Synopsis or Cadence if your are in EDA, or Amazon or Microsoft or Google in software etc. of course if you are TMG you are really an id--t to say. They may build big honking fabs but you are in the cesspool of failure compared to Samsung and TSMC. Look only at GE or IBM and that is Intel’s future, but hey it was worth the raise, don’t look in the mirror to closely, you might not like what you see.

Look what clowns CEO needs to say this ?

“ I am still amazed to be in my dream job. Love the energy and enthusiasm on the Intel Board of Directors. Thanks Omar Ishrak and team for your partnership. #team #intel”