Intel will not exist in two years.
Bankruptcy is only a matter of time.
And by the way, the upcoming layoffs do not include severance packages - confimed.
The smart ones left in the last rounds with severance packages.
Polish your resume...
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@am Where the heck did you work? During my 27 years at Intel (retired 2 years ago) 9-10+ hour days were typical. At least in product engineering. With much longer hours at power on.
@ae haha ...yeah I think that's a problem in many big companies. When your job matters less and less because there 100k employees there's some people that hide behind their social skills more than their contributions.
Confirmed? Oh I got a fat severance so you need to update your info. Intel is not going bankrupt anytime soon. It will diminish though arm and risc-v in China will add to market erosion for x86, not even the burst of AI hype cycle can contain that.
Resume finally polished and is already made public. I feel like a weight has lifted off my shoulders and got a good morale boost. I will now ramp up my job applications. This feels great!
@ae They aren't engineers. Just a document administrators.
I recall the same argument being made about Cray.
Cray who?
BTW, you ever heard of x86 emulation mode? Read up on it ...
And.... Reality sets in. It is not looking good for Intel and reading comments in the news from DZ and MJ it is obvious that they have no clue. Sad, very sad.
High tech companies are either growing or declining. Stationarity isn't a thing.
So, yes Intel is in decay mode. However, it can be very difficult to determine precisely when it will asymptote.
Rate of decay can change based on cost cutting, competitive moves, macro economy... but the trajectory is crystal clear.
@ae agree with your sentiment here.. as I left last year after being at Intel since 1999..
the only caveat I had was that most people contributed roughly 6 hours of work before Covid, but when Covid hit the "WFH/Remote" culture took hold and this decreased to 4 hours (maximum) workday, but the salaries only escalated of course..
this along with the "DEI/Slack" culture which started under BK and only got worse since 2017 timeframe..
anyways, the company is dead now and will never recover and hopefully it's parted-out which can both preserve the workforce which still matters and return value to the shareholders holding the bag!
/ex-Intel 1999-2024
AMD is King. AMD will assimilate Intel. There is trillions of $ of software& things that wont run on an ARM.
I don't believe OP will exist in 2 years.
Yes. When the Rate of Decay touches the X axis, it’s game over
OP high performer, over 20 years at INTEL
Face the truth!
Intel - There were a lot of so-called ‘email engineers’ who did literally nothing and just took free lunches. Not to mention entire groups of people who still do nothing — their best skill is sending out reports filled with tables and action requests, without contributing anything meaningful. Intel is full of people who do nothing, leave by 5 PM, and think sending 2/3 emails is enough
OP is a ex low performer or never worked at Intel. Finds sadistic pleasure in others getting laid off
Wrong. same severance package as last year