Topics regarding layoffs at Intel Corp.

Topics regarding layoffs at Intel Corp.

Employee numbers in the earnings pdf file

Look at page 7 of the earnings pdf from intc.com. It shows the following employee numbers for Intel: 115K as of 9/28/24 and 116.5 as of 6/29/24. That is only a reduction of 1500. WTF, is this is an error what else is wrong in the report.

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| 1200 views | | 5 replies (last November 1, 2024)
Post ID: @OP+1vge7pdf

Question: AI PC Leadership

Hey guys, I'm ISPed so I don't particularly care, but I decided to take an hour off my job search to watch the earnings call today. I realized Pat keeps saying how Intel is leading in the AI PC category. I was too intimidated to ask anyone at Intel... — read more 

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| 1100 views | | 6 replies (last November 1, 2024)
Post ID: @OP+1vgLRfQg

Earnings take aways

The numbers look decent but clearly not at expectations. I did not understand if the layoffs are complete since Pat said they will continue thru end of the year. I was under the impression Nov 15th is the last day for all ISPs. It sounds like there... — read more 

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| 1330 views | | 7 replies (last November 1, 2024)
Post ID: @OP+1vguvSJq

QPB?

CPM'er here. What's the QPB?

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| 1470 views | | 9 replies (last November 1, 2024)
Post ID: @OP+1vgb8hCk

Did you already submit the SARA form? (that severance form)

Did you already submit the SARA form? (that severance form) or is it better to submit towards the last day of Nov 15? The reason is that there was a statement suggesting to submit it towards the end, or it doesn't matter Thanks

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| 390 views | | 2 replies (last November 2, 2024)
Post ID: @OP+1vgJogTm

Toxic Management

Just found out pretty much our entire team of highly skilled AI Engineers got let go but the toxic manager that had MULTIPLE HR investigations against him was spared. His only skills are powerpoint and harassing staff. Not to mention his boss is... — read more 

16,500 more layoffs... ouch

16,500 more layoffs on top of the 19,000 already done. Ouch! https://x.com/unusual_whales/status/1852081571207209123

Short Squeeze Incoming! You all got played!

Record Gaudi shipments! AWS and DoD deals! 20% workforce reduction! Inflation adjusted market cap lower than 2008 apocalypse! Massive institutional shorts! Pat is going to earn his $180M payday and all you haters will be eating crow!

TrIcK or Treat Intel Fans!

👻 Intel’s Halloween Earnings Horror Show 🎃 In a twist straight out of a nightmare, Intel will drop a spine-chilling earnings report this Halloween season! The forecast is so bleak, it has investors wondering if their portfolio got lost in the Upside... — read more 

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| 620 views | | 3 replies (last October 31, 2024)
Post ID: @OP+1vgdEwbK

Buy Buy Buy

Buy INTC stock today to get a free coffee mug with CEO's photo on it on every purchase.

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| 520 views | | 5 replies (last October 31, 2024)
Post ID: @OP+1vggobh6

Pat has sc--wed up SO badly

That the GOOD QUESTION of “who would replace him?” is starting to cease being a good question. We’re slowly drifting into the territory where a one month clean me-h head teeth optional who could follow a couple simple instructions could do a better... — read more 

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| 580 views | | 5 replies (last October 31, 2024)
Post ID: @OP+1vgHzE8a

Fire Zisner

Zisner needs to be fired. We need to force him out if he isn't fired after earnings

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| 1040 views | | 6 replies (last October 31, 2024)
Post ID: @OP+1vg99065

Great, just great

Intel to invest $300m in China chip packaging and testing facility expansion According to a report from the South China Morning Post, the investment will allow the struggling chip company to increase packaging and testing capacity for server chips... — read more 

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| 960 views | | 9 replies (last October 31, 2024)
Post ID: @OP+1vgD1rTU

Pat is "a bit rude" -- TSMC

https://wccftech.com/intel-ceo-lost-a-40-discount-for-tsmcs-latest-chip-tech-after-taiwan-remarks-report/ His arrogance makes your guys losing jobs. Thank you Pat for making Intel great again.

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| 700 views | | 4 replies (last October 30, 2024)
Post ID: @OP+1vf1HY6A

For those ISPed, health insurance question (cobra)

I read the guidance and it says "to receive the healthcare benefit, you must be enrolled in the Intel Group Health Plan the day before termination" (1) Basically, just enroll in the "same manner" as if nothing had happened? And is that it? I can't... — read more 

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| 660 views | | 4 replies (last November 14, 2024)
Post ID: @OP+1vf0WlXQ

BK SHOULD NEVER BEEN CEO ...

He was from TMG and more towards backend of the mfg, a yield & cost guy, there is nothing visionary in him at all, I always wonder why the BOD appointed him as CEO after Paul O. Because of him, intel stopped advancing and ended at where it is today. — read more 

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| 940 views | | 7 replies (last October 31, 2024)
Post ID: @OP+1vfD8LPg

AMD Falls 10% Because Q4 guidance fails to impress

They beat on Q3 Revenue but Q4 guidance fails to impress. Revenue estimates were $6.71 billion, actual was $6.8 billion. Profits in line with expectations for adjusted earnings of $0.92 per share. Q4 guidance is between $7.2 billion to $7.8... — read more 

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| 940 views | | 9 replies (last October 30, 2024)
Post ID: @OP+1vfCsRHc

The rise and decline of Intel

Intel CEO Pat Gelsinger inherited a troubled company that had lost its edge in manufacturing skills and had ceded to rivals the hugely lucrative markets for chips used in mobile phones and artificial... — read more 

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| 1020 views | | 8 replies (last October 30, 2024)
Post ID: @OP+1vfW0OSH

What is going on with all the press stories about Pat

Two stories from Reuters today. Looks like a campaign to get the board to push out the clown. It is crazy that this inept board needs a full court press campaign to wake them up and get them to do their job. You have one job : Fire the CEO. Hire a... — read more 

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| 1190 views | | 7 replies (last October 30, 2024)
Post ID: @OP+1vf17P9F

Sunk cost fallacy

Get rid of the fabs. Take the loss and write offs. Just focus on design like everyone else and leave the transistor manufacturing to the big boys. Stop the bleeding! You made a bad decision Pat.

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| 870 views | | 8 replies (last October 30, 2024)
Post ID: @OP+1vfgnpLb

Stock Acceleration Issue

Took package Sept 30, qualified rule of 75. Should have got 1 year stock acceleration but all non-vested RSUs were cancelled in Etrade. Working with Intel to resolve the issue. Anyone else have this issue? On the plus side, they did inform me... — read more 

Q3-2024 - Sadly, bad news ahead

https://www.reuters.com/technology/intel-set-big-drop-quarterly-revenue-chipmaker-struggles-bounce-back-2024-10-29/

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| 1370 views | | 7 replies (last October 30, 2024)
Post ID: @OP+1veqhWgf

Talk about adding insult to injury

Apparently, some of the employees who were laid off in Israel were immediately hired by Nvidia with 33 percent higher salaries. If this doesn't tell you what kind of id--ts run Intel, I don't know what will. We are simply serving our talent to the... — read more 

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