Left in 2023 due to a family situation. I wish you all the best and I hope it does not affect each one of you reading this.
Sites #s
Most of the cuts came at Jones Farm, where 450 employees were let go, by far the largest number among all sites. Hawthorn Farm saw 43 layoffs, while another 28 people were impacted at Gordon Moore Park at Ronler Acres. The smallest number came from... — read more
Quote: "We are removing organizational complexity and empowering our engineers"
You cannot make this sh-t up, seriously.
529 Jobs Cut (Oregon Only)
Eng.ing Project/Program Mgr. Laid off count: 23 Product Dev. Eng. Laid off count: 23 Cloud Software Dev. Eng. Laid off count: 21 Dev. Tools Software Eng. Laid off count: 18 Product Dev. Test... — read more
Chandler #s
https://www.12news.com/article/news/local/valley/more-than-100-intel-employees-receive-layoff-notices-chandler-arizona/75-a85a39e9-034e-474e-be14-33840a407394
LBT is smart
They will be doing reviews earlier and forced to make many employees poor performers so they can lay off for performance and not pay severance.
Will i get unemployment in Oregon if I quit?
Can I apply for unemployment if I quit, because this is torturing, I survived first round but what about second and third? I probably got heart attack before end of the year. Will Oregon check with Intel if I quit?
Simple math
Intel revenue in 2019: $72B (88.5B if you adjust for inflation) Intel revenue in 2024: $53B Intel revenue decline of 40% adjusted for inflation. What about headcount? 110,000 in 2019... and guess what... 108,900 last year. Intel headcount... — read more
I am out after 20+ years. You are next
Feel released.
Only 529 jobs in OR
Now that we know the impact from official warn notice, it makes me think will this be all? How does Intel plan to cut 15k jobs with 500+ layoffs in OR? Doesnt add up. If I am not in this list, am I safe for this year?
Lets clear the air about "Intel"
The Intel you're thinking of was gone 10 years ago. You work for Bain global management consulting firm and McKinsey global management consulting firm. Do your research. Once hired there's no going back.
One Intel officially dead
From all the infighting and blaming posts recently, it seems there is no more One Intel spirit. Sorry to say but just throwing rocks at each other will just hasten your doom. Chin up (or lean in, as the yanks would say) and get on with it. ... — read more
Company spiral is faster then it can cut heads or costs.
Does it feel like a slow motion car accident? Layoffs continue throughout the month and doesn't it already feel there are still way too many heads? That is a a natural feeling, of course, when you realize just how big the problem is. Losing $1B... — read more
$20 billion spent on share buybacks in the last five years
It really shows what our priorities are and why we're falling behind more and more. Imagine if that money was invested in something actually useful?
Warn finally posted for OR
Check it out https://ccwd.hecc.oregon.gov/Layoff/WARN
Are delay
I understand that there may be uncertainties with the current situation regarding CPM. The top management is conducting further assessments, there will be a delay until Aug.
What's gonna happen to Intel product marketing?
Is product marketing gonna get spun off to Accenture (which I think could happen), or will the team just be decimated by layoffs? The marketing team generates ZERO revenue, so what's their value to Intel?
ROC is being replaced with factory automation, as the fabs move to the next level of automation.
Expect to see analytics get AI and that will hit Yield Dept groups big time. That's where the bulk of the fab support headcount is, and it is ripe for AI displacement. Give it 3 to 5 years and the fabs will largely be what some refer to as Alien... — read more
Is it just me, or does today feel way calmer than yesterday?
It’s like the bulk of it hit yesterday, and now they’re just slowly cleaning up whatever’s left.
I'm not out, but thought it would be good to post that anyway since everyone is posting their status.
Of course, people have been posting that they wanted to be terminated for a while now, so maybe it's just them with a slightly different message. People are so gullible.
Intel is finished
More cuts, more work, top performs not appreciated, what else can I say? We are miles behind nvdia, AMD..if I'm not ISP'd this time when will it be? I will be taking a 5% cut in my new role I got offered ISP or not it's time to abandon sinking... — read more
This is Pat’s legacy
Reminder that Intel was run into the ground by this clown.
F34 Ireland notified am out
So after 13 years at intel I got ISP notified today am out folks also from people i have spoken to since yesterday seems to be more than 4% reported that have gotten notified in Ireland entre groups decamated. Let's remember they've sold 49% in... — read more
Intel sold by 2027
LBT is setting the plan in motion to sell the parts remaining of Intel. Glad to know this will soon meets its end. Dont fret over the layoffs as all this ends in 18 months. There is no turnaround that is not the plan.
What happens to decimated teams?
Smaller teams that lost/will lose half or more people. Are they going to be absorbed into other teams, merge with other decimated ones, or just be left to function as is? I'm curious, because I see some teams are getting hit disproportionally and I... — read more
Is anybody safe?
It’s hard to track who’s getting hit the hardest and who might be overlooked, with so many people affected.
Nova Lake Team - What’s Going On?
Hoping the best but we will see I am scared for my TD portion not with Nova Lake but fingers crossed everyone stand strong and know this too shall pass god speed.
Anyone in PEG group been impacted?
Anyone been pegged in latest round. Seniority based or who su-ked up or pegged the most?
Intel running a charity program again
With huge debts, unaffordable seperation packages, Intel is running a popup charity shop once again. There will be very little cash left for product and process development at a time when sales are sliding down.
I'm out
It’s an unexpected relief. I’m scared of what comes next, but also grateful not to be part of this mess anymore.
Video on circuit
Earlier I saw comments criticizing CEO for not communicating as often as Pat did. Now that he published a video, he is being criticized for releasing video the same week as CPMs. Give the guy a break. What do you expect him to do? He inherited a... — read more
Looks like there is no or very minimal impact in Folsom
Looks like there is no or very minimal impact in Folsom.
What's gonna happen?
I'm on vacation and wont be back until Friday. I don't see any meetings or any notifications about layoffs yet. Should I be worried or releived?