A new list is being prepared. This will be finalized by the end of Sep 2025 when the affected employees will be notified. The affected employees will leave Intel sometime in November.
Not sure which BUs besides Intel Labs will be affected by this.
45 replies (most recent on top)
Intel going broke, layoffs are the only cure
Did they notify employees at Intel Labs?
yeah I want everyone to be laid off hahaha. Want you all to be unemployed and look for that next job for months and years hahaha
Can they make it Dec 2025? That if we don't get 18a to work or cannot sell anything in Q4 we can ALL subscribe to CPM list and move on.
It's probably just a small one 2-5% depending on the RTO departing crew.
In 2026 though what you suppose is gonna happen when it's crystal clear 18A customers never jumped on board.
That Qualcomm article last week should probably be something to keep in mind.
@vh Nobody said they have no responsibility in this, I'm saying they don't have all the responsibility. They take orders/direction as well as everyone else on the team, if you think the average manager of anything has any power, you are very confused. Are there too many managers, yes. It happens to all companies that have been around for many years, to keep people you need to promote or the next company will. Eventually you become very top heavy.
There is no CPM
Only Zuul!
@v9 if the managers/coaches have no responsibility why are the needed? Good fodder for the next the next layoff round. Get rid of the people who add no value... managers.
@pn Blaming managers for bad wafers is like blaming the coach when the QB can't throw straight wtf. The weakest node in the fab isn't 18A - it's the Operators and Techs IQ.
OP indicated this was for Intel Labs, which makes sense as the number of labs is related to the number of products and the company is cleaning up the product mix.
Other groups might see further reductions in the normal course of business, as they get new targets. The global economy is not particularly awesome, at least for everyone outside of the AI bubble, but Intel has already adjusted for a lower growth environment.
So not fake news but not that big of a deal either.
@pm That's why you see coachs with multi-season losing records getting fired and they're still in denial
@pd It's funny how the operators are like players, when they are losing everyone blames the coach. The money is made in the fab, but the operators can't figure out how to yield good wafers.
If they keep cutting and Intel will NOT have a foundry. Training is already a popularity contest and it’s getting worse with the persistent job insecurity. Intel Foundry will be non-compliant with ISO 9001 clause 7.2 if the culture does not change. No ISO cert = No Foundry Customer = No Foundry. The math is pretty simple. Management needs to own and correct this. Period.
@mj what has changed in the company that would make you think that workforce reduction should stop? Even at 75k the company is still bloated. It will likely be in the 40-50k range before things settle down. There are still a lot of projects to cut and jobs to outsource.
Wow another cpm coming already?
@b6 Yes. It's confirmed.
Unfortunately, this is true.
@fs Who cares what you fn thing
Mucho Redundancy at INTC everywhere !
Prima Donna construction build contracts !
Prima Donna toolset suppliers contracts !
Retract, cut back, and downsize !
IINTC is the poster child of overbuilt super size me bigga corpa !
14a EUV or Bust !
@dq the only reason the government took a 10% stake was to hedge on their invest of the chips act money.
I really don't thing there will be another widespread CPM.
I believe what we will see is twofold:
- Increased emphasis on performance management
- groups / projects shutdown, people re-shuffled then re-organizing. This should encompass the layers of management along with skills overlap.
@en I can't upvote you enough.
Well said. They should get rid of everyone 20+ and Engineers that became managers of the manager technicians.
It's a fu--ing circus full of clown milking the blue cow and they have no shame doing it.
@en go back to operationg your tools and blaming everyone else for your failures or lack of success.
They should finally layoff the middle management like LBT promised to do and never delivered in the July layoffs. I doubt this will happen. As with every other layoff Intel managers save themselves (upper/middle worthless management) then give themselves a new made up title to save their over paid jobs, while getting rid of people actually doing the work. Intel will never change.
@a8 aug/sept is the latest wave. another wave before year end?
@af is the same in many companies
@aa spot. Intel's career ladder of PEs to Fellows to directors to VPs is a scam for a long time. Flatten the hierarchy and all fl-tulence will escape
Why did they save so many H1B? How was this allowed? They got laid off they should be gone, not under another org.
@ch They were already doing that with the chips act.
One could argue that there is more freedom due to all the garbage requirements that were in the chips act to begin with that no longer exist (as I understand it)
@ch that could have happened without obtaining a 10% stake
@aw and yet the government tells them how they will be operating. No need for 51%.
@a8 It's accurate. My manager was told last week. They are not large cuts, but my estimate is about 3%-5% across the company. The basic premise is that while groups may have met their HC cut for the July cuts, groups did not meet their HC budget numbers due to a variety of factors including failure to properly move head count budgets when people were moved between groups. So additional cuts are being done. Not certain I survive this one.
@ay Confirmed. 2026 target will be 50-70k depending on revenue. Next round planning Nov execute early Q1.
@ax
Yes, they got a board seat. The agreement states they must vote with the board of directors except in exceptional cases.
Basically, gave the board of directors dictator level powers - shareholders are pretty much out of the picture as is quite a few institutional as well.
@OP/others Has this timeline been confirmed by your management chain? Haven't heard anything in PEG yet.
@aw
who do you think is printing all the money
that is being used to buy your shares,
mickey mouse?
The only logic that will be applied is:
current number of employees - 75k = number of people to layoff
After this simple calculation the same brain dead logic used for past layoffs will then be used to select the people to layoff in order to reach the target. This will complete the actions for 2025. 2026 will bring a new target probably in the 50k range and the process will start over.
@aw largest shareholder right ? They will probably get a board seat
@a7 the government doesn't own Intel. They aren't even close to a 51% share.