During call Pastor Pat mentioned backside power many times and stock price keep dropping and dropping 😂 meanwhile nvidia and Amd delivering revenue growth. CPM and pay cut is coming at Q1 get ready
We beat earnings but given lower guidance.
Stock down 5%
SMG cruise
Company is loosing money in Q1 guidance and SMG folks going on cruise training (Actually two cruises). I cannot say how messed up it is
CCG hiring freeze in US communicated
Heard from a body manager, all hirings in the US for Axg need Lisa’s approval. Replacements should be hiring in LCG.
Magic?
https://finance.yahoo.com/news/why-tech-layoffs-arent-yet-a-sign-of-a-labor-market-slowdown-133651976.html
Layoffs to be announced before, during or after earnings call?
What is your take?
Current state of affairs
Market cap AMD - $286B INTC - $207B Both companies directly compete in exactly the same markets and are directly comparable.
How to land a job
Indicate you are an expert on the following: Power Point road warrior Being Yes man/woman Scheduling meetings even if not needed Throwing people under the bus Taking credit for others Brown nosing Making stuff up Creating problems... — read more
Continuous small layoffs
Intel stopped announcing layoffs in large numbers after the 2016 debacle. It is bad press. Instead of walking thousands out the door in one large move they just continuously move small numbers. Kind of like a dripping faucet, seems innocuous but it... — read more
Intel’s AI PC revolution is mostly just an attempt to catch up to Apple
Much of what Intel demoed at this month’s CES trade show was just catching up to what already exists on Apple chips, which have included neural processing units since 2017 on iPhones and since 2020 on... — read more
Coasting handbook
Where can I get it at INTC ?
Foundry
Who is going to lead tmgf? The current situation with 3 incompetent leaders is simply not working
SATG layoffs starting
Any news?
SMG cruise party
SMG folks don’t forget to bring your swimsuit. We are going to have a pool party and cold beer, learning about value based selling. Remember take a lot of pictures
Intel gains boost in battle against EU antitrust fine
https://www.reuters.com/technology/intel-gains-boost-battle-against-eu-fine-2024-01-18/
Should I stay or go after not getting promoted
Hey everyone, After 2 years I just learned I am not being considered for a promotion during the upcoming cycle. I have only had exceptional reviews with my managers during that time, and am pretty shocked. I'm wondering, is it worth staying at this... — read more
Did any 1278 OTF SEEDs get negative feedback on Q4 Insights?
I am a G7 eng in OTF (AZ Ocotillo site) and was told, during the 1:1 for Q4 Insights, that I am not performing to my grade level (not enough scope and influence) and was rated as "Partially on Track"...but I am still selected for SEED. How is this... — read more
Intel may already be conceding its fight against Nvidia
Nvidia continues to own the top-of-the-line GPU space, and the competition just hasn’t been able to, well, compete. The announcement of the impressive-sounding RTX 40 Super cards cements the lead even... — read more
I'm shocked we were not the ones to open the layoff season
With all the rumors about layoffs circulating all over the place, I expected to see some cuts within the first two weeks of the year. I can't believe that Google and Amazon opened the season and we're still waiting. Who knows, maybe things are... — read more
Pastor Pat
All companies execute on product roadmap and AI chips, meanwhile, Pastor Pat on his recent interview with cnbc says how chips act money is important. In a simple language says to US government, we are broke bail us out.
Amd stock
Am stock to the moon and intel stock to the negative
Layoffs may also mean a loss of monopoly of SV over tech workers
“According to Dice’s 2023 Tech Sentiment Report, 60% of tech workers in general are interested in leaving their jobs in 2024, which is up from 52% the year prior. This poses a major competitive opportunity for non-tech enterprises to attract tech... — read more
"We love it when people copy us" - chief
Full interview: https://www.anandtech.com/show/21225/the-intel-ces-2024-ai-everywhere-keynote-live-blog-starts-at-5pm-pt0100-utc
Intel Values Devolve
1993: Great Place to Work 2008: Place to Work 2023: Place
Hard times
Hard times in the tech industry are here, but there are so many factors causing the turmoil this time - AI, supply-chain disruptions, geopolitical instability, inflation, changes in consumer habits. AI is especially disruptive, and so new and unknown... — read more
Not getting job interviews
Does having INTC on resume automatically rejects your application ? Are employers biased on not hiring Intel engineers. I'm from OR
SW tools team CPM'ed today
Entire Tools team got CPM.. FYI round 2 CPM underway
At CES, Intel announces deal to buy Silicon Mobility SAS
https://www.marketwatch.com/story/intel-to-buy-silicon-mobility-sas-c1302ae1 Yay we're gonna burn some more money to run yet another company into the ground!
AI Will Save Intel Employees
Since AI will be used for useful work, it cannot be used to replace Intel employees that do nothing useful.
They want to replace most of us with AI
It's no longer people in India or wherever else, now it's AI. The leadership will always find ways to get rid of employees, even if the replacement is something that is yet to be fully developed and even understood. Who wants to bet this comes back... — read more
D.E. Shaw Group soliciting insider information from ex-Intel employees
Has anyone else that was recently laid-off or retired from Intel received e-mails through LinkedIn from D.E. Shaw Group offering to compensate you to talk to a team of their analysts about Intel's product roadmap and foundry competitiveness?
Sandra's replacement is arriving
Was she promoted or demoted?
There are no more layoffs! Only spinouts and spinoffs
Anyone notice the frequency of the "spinoff" strategy...easy to do this than layoffs and ask for ChipsAct money. 1st Mobileye 2nd PSG 3rd AI I love our financial wizard CFO!
Intel spawning out AI unit
https://finance.yahoo.com/news/intel-spins-ai-software-firm-133626026.html
Intel's outsourcing was a ruse from the start, says former TSMC vice chairman
https://www.digitimes.com/news/a20231226PD223/intel-ic-manufacturing-outsourcing-tsmc.html
"The Full List of Major U.S. Companies Slashing Staff Next Year, from Nike to Intel"
https://www.entrepreneur.com/business-news/nike-intel-cutting-jobs-next-year-layoff-projections-2024/467657
Intel Layoffs 2024
Share any updates you may have about Intel layoffs? Any chatter, news or rumors?
2024 layoffs are coming
If you saw Pats end of year video will know I just watched 10 min ago. :( Also wishing ALL SMG folks to enjoy cruise vacation training while we are getting laid off and delivering products on time or ahead of schedule!!
Nobody is safe
If you believe Intel is doing great then I have a bridge in Brooklyn to sell you. If you are basing your job safety on that belief then you are especially screwed. Intel has been underperforming for years and we have passed the point where anybody... — read more