Thread regarding Intel Corp. layoffs

Crashed up more than that today.

nuf said

If the S&P were to close down more than 4% on Monday, it would be the third consecutive trading day it has posted declines of more than 4%. And that would be the first time the S&P 500 has suffered three consecutive drops of more than 4% in almost a century, since the 1929 stock market crash that marked the onset of the Great Depression.

Read a comment today that if the market holds flat after the past few down days, that will be the first time since 1929 that has happened.

So yeah, this could get ugly and INTC is moving with the highly cyclical sector, but I suspect that if the stock does get into the lower teens or single digits, most people will have other concerns at that time.

This does make it more of a trade than something to hold too tightly, but that is true for all stocks right now. Bounces are to be sold until the new world trade order is better defined.

Looks like the main trading regions will resolve differences over the next few months, with the exception of China, which is unlikely to resolve anything because ultimately a capitalist country can not do fair trade with a communist country.

That possibly breaks China and is a major drag on global growth in any case.

It already crashed from $60 down to $18.5 last year OP. How many percent was that ?
12% down in one day is nothing until you see the next crash. What do you think it will crash down this time from $20 to what price ?

some really low knowledge trolls on this site. guess they forgot that intel is still selling billion dollars rev of chips per quarter. lol

OP if you think this market crash has anything to do with Intel layoffs then you are probably a really old timer or have no clue what we have been going thru the last 5 years and more

The stonk is still off the recent lows, and that is with the tariffs being largely priced in as of Friday.

If the global economy can't handle tariffs and goes into recession then Intel is not gonna avoid that, but the stock overall has a lot of bad priced in.

So still a trade, with semi tariffs still to come. If the market wasn't taking President Tariffs works seriously before, they are now.

Intel remains highly volatile and that is awesome for trading as long as one is pointed in the right direction. Meanwhile those who think some price is the perfect price, get to watch and be frustrated as they see their money left on the table, over and over again.

There are worse places to be invested. Specifically any company that was making a lot of profit taking advantage of highly subsidized suppliers in other countries. That means a lot of stocks that are weighted highly in the S&P & Nasdaq.

Also, see if AI gets taken to the woodchipper as companies cancel orders, as MSFT has already done.

So a INTC long can easily be hedged by shorting FANG, MSTR, NVDA, TSLA. Plenty of inverse ETFs out there for single stocks and groups of stocks. Just be ready for the face ripping rally into earnings season and try not to be too bearish just yet.

12% is not a crash yet. Wait until it drop another 50% soon then it is official crashed. You are too late to get out of the sinking ship.

New CEO needs to the below broken culture, favoritism, nepotism, massive grade inflation etc:

1. Nepot$sm, favor$tsm by $nd$ans in hiring, laying off, rewarding etc.
2. Oregon/IDC arrogance. They are dinosaurs! Get rid off at least 50%!
3. Silo mentality, horrible quality IP teams. Disband the BA IP and "supporting" teams and instead get off-the-shelf IPs from Synopsys/Cadence etc.
4. Too many PEs/Senior PEs/Fellows doing GR8/9 work especially in NEX/NXNE. They take credit of lower grade workers work. Get rid-off 50% of grade10+ dinosaurs (they can't get any job outside Intel and sonthey just hang around and collect $400K+ paychecks)
5. CPU, CPU, CPU mentality, when no one outside cares abt CPU much. They shd shut down CPU teams(Atom, Xeon) and focus on GPU/AI.
6. Horrible purchases of $srael$ companies (Habana, Nervana Mobileye, DSP Comm etc). Intel was about to get s◇cked into purchading worthless Tower Semi. No more free money to them $srael!
7. Giving 6 months of bonding leave.
8. Nepot$sm by $nd$ans managwrs/VPs/Directors, especially in NEX/NXNE (Sachin Katti, Srinivas Lingam came and got rid-off off most of American managers and brought in only their countrymen!).
9. Worthless IP, IFS teams.
10. Bloated Packaging (Arizona) teams. Get rid off Chandler, Folsom, Haifa, Kyriat Gyat, Petach Tichva, Allentown site.

"I don’t care anymore because they stole all my stocks after layoff"
Who is "they", and how did "they" do this?

"12% is not a crash"
Sure it is.

Intel enjoyed the ride of loose money policy of the US government and now the tide is changing and changing fast.

Stock will test the recent low of ~$18. If it breaks, then to $14-$15.

Intel is full of overpaid PEs, Senior PEs, Fellows, Senior Fellows making $400K but doing grade 8 or 9 work (especially in Atom, TD, TMG, UFS, CMO, NEX).
50% reduction of these dinosaurs will save lot of $$

Will it be $10 or $200 next month? You decide that for yourself. I don’t care anymore because they stole all my stocks after layoff so I only have cash to eat hamburgers.

@a9+1jr17v494 I expect more of what we have already seen from LBT, which is bias for action based on a reasonable assessment. If he does go big on restructuring the company then that is a huge plus for the stock. Spinning off most of foundry would overnight make intel profitable.

Remaining cynical about what is possible will not be the way to trade this.

The market could eventually go much lower. It is barely retraced the gains since last summer, and in general the steeper the sell off the faster it is done. Real bear markets are a grind, taking months to do what the market has done in weeks.

Sure, Intel could go to the lower teens or even the high single digits, and the deficit fueled bubble that led to this moment in time is the type of thing that results in financial crises. To remove that level of stimulus so quickly is bound to cause a recession, but of course that doesn't mean that spending a trillion of national debt every 100 days is the way to go.

Not to get into a trading discussion but I have various technical measures and many of them are either at oversold or will be there sometime next week.

The biggest rallies happen in bear markets. Are we having fun yet?

@a5+1jr17v494... I hope you are right about the upcoming headlines you mention but I doubt there will be much upward movement in the stock. The market decline is just getting started, lots of downside left to go. This is now a worldwide event and it could potentially make 2008 look like a picnic. Intel is in a weak position and any changes no matter how positive will take a while to implement. People are tired of the Intel story of everything will be wonderful in x amount of years. Even if it is true this time no one wants to hear it. The only thing that will have a meaningful impact on the stock price will be delivering results on time with no issues. A good start is that LBT appears to be a leader who won't be a bloviating clown talking sm--k about everyone.

This crash has nothing to do with layoffs or not. Layoffs were happening anyway

Intel stock didn't crash yet, prepare for single digit stock prices in a few weeks.

@a3+1jr17v494 I'm expecting headlines that pretty uniformly move the stock up.

LBT will reduce headcount sufficient to improve profits, regardless of revenue.

If anything a global slowdown will motivate LBT and the Board to pare the company down to the real core products.

That likely includes selling off or shutting down any fab which is not at least capable of having EUV. Time to wind down all the older nodes. Sell those fabs to GF and let GF make those products for the remaining roadmap.

We've reached the shores of EUV, so burn the ships and move on.

That means the end-to-end datacenter product line is gone, as it should be now that Intel no longer dominates datacenter. There is little reason to carry weak products, with the only caveat being if there is a roadmap to future growth.

ELT has a long and miserable track record of anticipating future markets and product needs, so look for some of those losers to be pushed out and replaced with someone who can better forecast the future. They are paid a lot for knowing where the market is headed and should be held to account for such an embarrassing list of misses.

Intel will fold and be slip up and sold off. We all know this why question it any longer?

Intel won't survive, in its current form, the mayhem that tariffs are bringing. The company wasn't in a strong position before the tariffs and the deteriorating markets will only make things worse for the foreseeable future. Layoffs will likely start near the Q1 earnings report out in late April. Any joint venture with TSMC will also likely not be good news for Intel employees. Expect head count reductions, conversion of jobs from blue badge to contractor, declining pay and benefits, working on-site, and long hours. All of this will still be better than being unemployed during this same time frame. Good Luck!

12% is not a crash, but it was due to China adding tariffs to US goods.

I guess they think President Tariff will relent. Good luck with that.

Intel does a lot of business in China and that has been slowing revenue for some time now, so not sure what difference the tariffs will actually make.

Pushing HR head out is almost certainly a sign that LBT is going to do massive restructuring and quite a bit of immediate layoffs. He will want to show immediate progress in various aspects of headcount.

A few thousand middle managers, some more ELT, more than a few product groups and the biggest hit will be to the fabs and TD, which are grossly overstaffed.

The JV may even include a commitment to restructuring the fabs to be better aligned with other foundries, and that is where the billions are currently being lost so expect shock and awe. Could even see an older fab or two get sold or shut down.

LBT so far looks like true leadership and that is in stark contrast to all those executives who appear to be little more than corporate grifters, and clearly never concerned with the success of the company.