Thread regarding Intel Corp. layoffs

Reduction of layers in reporting lines is what he committed to do but not evident yet.

He's doing what he was hired to do: right-size the company to prep for sale.

If he has any talent or skill he should have joined AMD or NVIDIA instead of stuck at this sinking ShitTel.

If Andy were here, you would all largely be gone.

What LBT is doing is nothing compared to what Andy would have done.

He laid off a THIRD of the workers in 1970.

This is just a much needed haircut.

Fab workers are getting hysterical because they now see what everyone else was experiencing in each layoff since BK.

@ah yes there is fat to be cut you listed the correct examples

@aw LOL

Ok, Well, I work S6 in AZ. I gotta go to bed. This was a great conversation (I am OP). I appreciate all the responses no matter how d-mb they may have been. Good luck to everyone! I truly hope things work out for all of you no matter what world view you may have.

@ap it’s new bullsh-t lol. The layoffs are financially necessary but some of the leaders he put in charge like Lisa P are making decisions that the company will soon regret

@aa Intel is becoming the AZ Cardinals of companies .. go there to "retire" and make easy bucks and fail at your job!

@at BO-M! But I hope Intel is still the name on it!

He did what he had to do. It just su-ks because I liked the commute, the team, the office, the food in the cafeteria, the work I did and the gym at the office. Everything except the hours.

I accept it was necessary, I just hate it because I wanted to work there forever.

@aq I can't. LBT already explained most of them are going away. That's a good thing. I think we are on the same page here.

@an execs are by far the most replaceable positions in the company (if fact they rotate around the same jobs across companies all the time, see lbt recent hires) so you can really just pick them randomly.
How about you tell me an exec that made an outstanding contribution? One that actually came and turned things around in their org?

@am I am not hearing the same bullsh!t. Its a new era. It isn't the same bullsh!t anymore. Look what's happening right now! It's different now!

@ah Who are the execs would you cut? Anybody non-essential?

This dumpster fire isn't recoverable. Everyone should be executing or at least working on an exit plan. 18A was going to be the game changer and TSMC would be in the rear view mirror. Oh wait, let's shelve 18A and start the new chant 2 more years and 14A will put TSMC in the rear view mirror... How many times do you have to hear the same bullsh!t? Look at the product side, coming up on the 20th incremental version of the core processors... nothing new or innovative. There is nothing on the roadmap that screams turnaround.

If Intel could just accept their fate and stop trying to regain industry leadership things could calm down and Intel can settle into being a third tier supplier that makes a good income and would be a good place to work. Huge sums of money are being thrown away on a pipe dream that will never come true.

@ah also, do not hire execs from other companies. That proved over and over to be not only useless but detrimental.
Find the right people inside and promote them (not me, IDGAF about managing, I wanna code)

@ag Ok Then... How would you handle this situation?

@af sell real estate and boost wfh. Fire execs with high salaries and ACTUALLY make the company engineer centered and flatter. Stop acquiring failing startups. There's plenty of places where you can cut cuts. Cutting workforce is deliberate to boost the stock value momentarily and allow shareholders to make some money back

@ae I do not know them personally, that's the point. This will put thousands of families through financial hardship. I'm not ok with that, it bothers me a lot. There are ways to handle Intel crisis that require close to zero layoffs. If you think slashing workforce is the only way you're just being very naive

@ad Well, how would you handle it?

@ab I understand that. I'm in the same situation. But you might want to think about all the others that will retain their jobs because of what's going on right now. Or are you only worried about those whom you know personally?

@ac you don't, because you matter nothing to these people. It does not mean that better ways to handle this do not exist. You are authorized to imagine a better world

@aa I guess we will see. I don't necessarily disagree with you, but what other choice do we have?

@a5 quite the opposite. I think about all the colleagues who have family and bills and mortgages, and cannot take the hit of being laid off right now. I'm fine personally. Lots of people will be not, but I guess they are the self centered ones and you are the master of compassion

@a8 that worked magic in the past! Execs from Qualcomm, amd, etc. lasted a year average, zero positive impact, no contributions, big bonuses.

@a6 what? Cutting the salary of our Lords and saviors? Are you crazy?

@a6 New executives coming on board. Give them a chance for god's sake!

@a3 He is here to save the company, not you!

Cut executive pay. Their horrible decision making for the past decade is what got us into this mess, yet ELT has mostly gotten off scot-free. Cut their salary, and if they don’t like it, they can quit without severance.

@a4 This is where you are wrong... You're only thinking about yourself, not the rest of the people who will still be employed by Intel.

Yeah this is where you are wrong: "BUT such things have to be done if Intel is to survive."

Yeah give the poor billionaire a break!