Self-explanatory… I’ve often wondered if my own manager is aware of the realities our company faces. They can’t all be this stupid, right?

I heard some rumors on ive. Any more details ?

Believe they making a difference and want to be part of the turnaround Believe in the turnaround and want to cash in as they are too lazy to move and do better. Milk it as long as you can To lazy and want to milk it till they get laid off... — read more 

This is a good balanced article on the state of affairs at Intel https://www.ft.com/content/380275f6-6b9f-4e2f-ac5b-e6fca4e6c969?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev Riverboat gambling Pat is betting the company. Do you feel lucky? — read more 

https://www.fool.com/investing/2023/02/08/intel-is-making-a-catastrophic-mistake/

This has been a problem at Intel. Too much bloat. Even after these layoffs, I can guarantee that you can point to at-least 2 people who work with you day to day, whom you would not miss. Not because you don't like them or they dont agree with... — read more 

My manager is not responding to my emails for couple of days now and I had 1:1 yesterday lasted for 15min . It’s a bad sign , right ?!

Seems only Intel has a shrinkage issue in 2022. https://focustaiwan.tw/business/202302100023

I guess CHIPS act money is not coming any soon…. Desperation!!

Micron? Samsung? CCP?

Look, we all know Pat stepped into a difficult situation. The state of the company today is much a reflection of things BK did (and didn’t!) do to maintain process and design leadership over TSMC as anything else. Unlike most other sectors... — read more 

Anyone? Bueller? A CEO who has lost the trust of his team is just walking the plank. Guy is toast. Stealing from his employees while giving his buddies a little trim off the top seals it. BK’s probably got a nice little hideout to host failed... — read more 

https://www.oregonlive.com/silicon-forest/2023/02/intel-appears-to-have-settled-discrimination-lawsuit-from-2015-layoffs.html?outputType=amp

AMD Caps 2022 With Nearly 30 Percent CPU Share Against Intel. Can if Wh00p A$$ if I ever saw it by a far smaller company https://www.crn.com/news/components-peripherals/amd-caps-2022-with-nearly-30-percent-cpu-share-against-intel

Intel Corp (INTC.O) is considering a significant increase in its existing $1.5-billion investment in Vietnam to expand its chip testing and packaging plant in the Southeast Asian nation, two sources familiar with the matter told... — read more 

Are you're going to sign the pay cut consent form in the next days ? (for non US employees)

I've seen multiple execs in other companies take personal responsibility for layoffs. All I've heard from multiple Intel Execs is "Macroeconomic headwinds BS". Admit that you've made some mistakes at least. Noone is expecting you to be perfect, but... — read more 

Folsom, or Chandler neighborhood, you will more than likely to see many people wearing Intel shirts playing tennis, biking, or walking between 9 and 5. Why not enjoy yourself when the sun is shining?

People in IBM, HP, Yahoo are doing just fine. Well at least the majority of them who has the talent or luck to survive. Intel is not going to collapse even if AMD sells as many server sockets they can make at TSMC or everyone wants a MacBook. Milk... — read more 

Multiple posts deleted by the moderator of this site. Apparently the video normally available on Intel internal access was removed. Must have been pretty good to see.

One of Pat's four points to regain integrated device manufacturer leadership is to expand the use of third-party foundry capacity. A strange way to regain leadership?

He single-handedly running Intel to the ground with his ambitious IDM 2.0 vision which is still questionable if it works. Shouldn't he get more pay cut to save the sinking ship ?

Turned down Apple how long ago and TSMC and Samsung were slingshotted on a trajectory that Intel will never recover... — read more 

Are there any decent paying jobs for current Intel technicians (within ROC or Factory) outside of Intel? Is Tesla a good transition? What about Samsung? How does TSMC view Intel supporting staff? There are several overqualified employees that could... — read more 

Make sure you ‘exceed’ all your OKRs this year to get that “Pat” on the back, and secure the right to be around for pay cuts, round 2. Dude could admit that measuring employee performance, when virtually every single person in the company is about... — read more 

https://www.intc.com/news-events/press-releases/detail/1599/intel-board-of-directors-appoints-frank-d-yeary-as-new Pat is just keeping the seat warm. This is also likely why his attempt at a pay cut, unlike other tech CEOs, was an attempt to cut... — read more 

“As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we take today– and I want to show accountability not just in words but in my own actions,” he wrote. “To that end, I am reducing my salary for the coming fiscal year... — read more 

In my many years at Intel I have noticed one consistent problem. Promising things you can't deliver.   You lack realistic estimates, honest review of basic capabilities before creating the roadmaps and schedules that are set in STONE.  None of... — read more 

Less pay, less output. If there are 260 work days in a year, those with a 5% pay cut get an extra 13 work days of vacation; 26 for those who got a 10% cut; and the ones who got 25% cuts get nothing since they’ll just juice the stock to earn back... — read more 

INTC How much further does the stock have to drop for a hostile takeover?

The only way pay cuts ever had a chance of not completely nuking employee morale is if the guy who got paid $140M last year, and his whole team of decision “makers” (let’s assume they aren’t making wild a-s guesses, as it appears they are) worked for... — read more 

Team morale was already down due to downsizing & then paycuts hit the last nail in the coffin. Managers and uppity graders sweating bullets rn and yet mgmt says everything will be ok next year. I call it BS

Intel could learn from this. A quote from a former Nintendo president that is being followed by the current management: “If we reduce the number of employees for better short-term financial results, employee morale will decrease. I sincerely doubt... — read more 

Intel (INTC.O) has provided the German economy ministry with a new calculation for a planned chip factory in the city of Magdeburg that considers almost 10 billion euros ($10.74 billion) of government funding to be necessary, business daily... — read more 

With QPB and other bonuses removed, people under grade 7 are up against significant income losses in 2023. Including an inflation rate of at least 8%, most people are looking at 20-30% in overall compensation loss. With no discussion of unionizing... — read more 

Local HR information meetings about the cuts are full of guilt and void of useful information

“We are in the early innings of a historical/generational shift in compute power in Silicon Valley,” Rosenblatt Securities analyst Hans Mosesmann wrote in response to that divergence of results. AMD’s datacenter business posted a sales increase of... — read more 

I've talked to quite a few people since we found out about pay cuts and not one told me this is a deal breaker for them. Nobody is happy about it, of course, nobody who is normal would be. But nobody who wasn't already looking to leave is now... — read more 

Has he done anything useful in that time?