Almost all the layoffs are are Chandler campus. Yes you heard it right

"Next week, we'll announce a company wide enhanced retirement offering for eligible employees" -Pat

All employees will report to directors

Presumably everybody, but I assume some orgs may be completely shut down.

15,000+ heads rolling, stock falls again- this time $6/share, dividends suspended, morale at all time low. But at least Pat is still collecting his $17 Million salary. Thank God we have Pat on our side, am I right??

IDM2.O is a failure! IFS is a failure! Products are failures at customers! 81Intel IP teams are a joke(no quality or consistency but complicated as rats nest to integrate wo much support). No external customers are going to use Intel IPs or IFS... — read more 

It’s basically 15% reduction on top of all other reductions made year to date.

You were told here first… Pastor P must go.

They could not keep the circus at intel hidden any longer. 15,000 of us will be layed off this year in 2024. It’s a good start with many more 1,000s to go.

So glad I cleansed my portfolio of INTC a few months ago. The stock is currently at $25.40 as I type this. https://finance.yahoo.com/m/ff387006-7cc0-34bc-aa9e-d361b20373f9/intel-suspends-dividend-and.html

Most likely only in USA employees will be laid off. Israel/India will be untouched as usual

Retire manager who can only create PowerPoint presentations and attend meetings with no contributions

Literally a 30 degree down sloping line since open. Could easily be in mid $28 range by the earnings call if the sell off continues. Way ahead of the rest of the market on % of decline. See for... — read more 

Anyone know how they handle a layoff while on leave? Does your manager call you to tell you plus ask for their laptop back? Other? Lol

lol they changed the question format for ACM - till yesterday you could see everyone’s questions, upvote, comment, etc Today it’s a Microsoft form format

Retired but witnessed the decline. When I started with Intel in the early 80s we had an all hands Go/No-Go communication for every chip and driver release. During this process the lowest grade validation tech could say No-Go and stop a chip or driver... — read more 

Maybe all we need to do is redesign the logo again. Maybe go back to the dropped e? I think a "Logo Tiger Team" might be just what we need to get us through these headwinds. We should hire somebody who has marketing experience and is a .ppt expert... — read more 

Hard to imagine that anything is getting done

Once base build is completed, F52 will remain idle with no start date.

Pastor Pat is not capable steer Intel in the right direction. Instead of focusing on operations inefficiencies, he just bloated the Org. He thinks China is stupid. While Pastor Pat is lobbying Biden to sanction China and trying get Govt... — read more 

Yesterday was the last day worked for those that took VSP. Now we begin phase 2 by selecting people for ISP. Let's see what comes out of earnings and the ACM. If anybody knows, or heard from a reliable source, please post the criteria being used for... — read more 

https://fortune.com/2023/03/03/are-intel-investors-losing-faith-in-ceo-pat-gelsingers-turnaround-plan/

Does Intel usually give any severance for involuntary mass layoffs? If so, how much?

They will cut your benefits and/or salary to increase attrition. People will leave without giving package. Your I’ll hear tomorrow. Some teams will have targeted layoff as well. Cannot share more info Good luck

Simple protect and silent strike spirits all at one. Show your strength and compassion at work.

Pat is the wrong person for the job!

https://finance.yahoo.com/news/amd-stock-jumps-after-earnings-beat-driven-by-ai-chip-sales-202456320.html What excuses will CEO Pastor P and CFO DZ will come up with to justify a lame Q2 earnings report? What sort of financial gymnastics will they... — read more 

Laying off 10k employees = a LOT of severance money. Does Intel even have enough cash left in the piggy bank?

Tomorrow Pat’s going to announce the breakup of Intel because we ran out of money and his plan is no longer feasible. The layoff rumors were deliberately leaked to soften you up for this bad news.

https://www.tomshardware.com/pc-components/cpus/intel-investigated-for-class-action-for-cpu-crashing-and-instability-issues The problem won’t go away. This sh!tstorm is going to cost billions…

Do you anticipate it to be before the earnings call? Or after?

https://x.com/supersat/status/1818558728008085698 In 1994, early Pentiums had an issue with the FDIV instruction. Intel replaced all affected CPUs "no questions asked", at a cost of $475 million (nearly $1 Billion in today's dollars).

Get used to it. Even if you survive this cycle there will be more and more cycles every 6-12 months. Just prepare yourself for the worst case scenario so that you won’t be disappointed.

https://markets.businessinsider.com/news/stocks/intel-layoffs-2024-what-to-know-as-intc-plans-to-slash-thousands-of-jobs-1033619626?op=1

I think Intel has no clue yet. Which means that layoffs will be particularly messy, no one will be safe, good performers may easily be gone, decisions will be made on a whim, and then there will be chaos in the wake of a bloodbath. And I’m convinced... — read more 

Better salary Better compensation and benefits. Join us for fun time to compete with Intel.

RTO will be at ocotillo campus

Seriously some managers can only create PowerPoint presentations with no other skills. Please give them the package to retire