Any idea what the headcount reduction numbers would be?
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Intel Foundry with be material for comedians.
An average of 20%. Some groups higher, others lower.
Intel has a Foundry?
Yesterday I heard 20% for G11+. Supposedly 15% below that. This is Foundry rumor count we'll see if valid. It's a lot.
@b8 Thank you for interesting commentary. I've been with intel just a little over a year in IAO and the organization still seems extremely nebulous to this day. I want to believe in the turnaround, but the thrashing back forth of strategies from 5N4Y to now leaning things out just feels a lot like a drowning swimmer panicking instead of staying calm. The friction from all this can't be good for the company culture -every veteran I speak to just wishes to make it to retirement before laid off. No fire in anyone's bellies, no excitement -it's like the collective spirit is dead. We need some wins, to feel that there is a bright future.
Come on, we never really had a foundry. We couldnt even make cr@p for ourselves (internal customers), how will get and keep external customers. We are a laugh stock. What is worse is since our own foundry su-ks, we had to goto a real foundry (TSMC) and ask them to make the stuff we can not. Blahahaha
@an This is true. IFS will eventually have to reduce headcount by at least 30% to even get close to any of the foundry benchmarks.
I think that is not possible to do in one pass, and that the mass conversion to contractors will also take some time.
Much like the company as a whole, some groups can simply be shut down but the ones to be retained will require a period of change, especially where they are to be outsourced.
Production is about half of the company and appears to be getting at least half of the headcount reduction. That includes TD, which got even more bloated than usual from the effort to catch up to TSMC on node development.
But going forward, expect to see at some point many fab support groups consolidated into regional operations. That'll be a huge reduction in headcount.
Expect to see as much contracting as is possible, and relentless pressure to stop losing money. They hoped that demand would pull IFS out of the hole, but the time for that has passed and now the company is getting serious about reorganizing IFS to match a typical foundry instead of the weird, internal-product-driven bespoke design which has persisted to this day.
In the past the fabs saw little impact from headcount reductions but this time they are the target.
Which part of foundry? Some will get hit harder then others.
@OP, I don’t think anyone on this site can honestly answer your question and if you did know the overall numbers would that help you in any way? Whatever it is that Intel does they will more than likely sc--w it up, faith is lost. Past head count reductions they got rid of low performers and employees with written warnings people you knew deserved it, if you didn’t fall into one of those categories you were safe. This time I don’t think those metrics apply, time will tell you just have to wait and see.
The X86 supertanker just hit an iceberg. Women, children and pets overboard. The leadership that slept at the helm goes down with the ship.
Decimated.
What is going to happen in Intel Foundry?...Have you seen the movie Titantic?
5
Whatever number they cut... it's not enough. The reality is the final number, they need to multiply it by 3x to even start to get any semblance of how other foundries staff their business.
I don't think at this rate there is gonna be a foundry in 3 months
Any numbers for Ireland?
Nothing. Why should today be any different?
All executives and nobody left to do any work. It’s the Intel way.
Entering a consortium agreement with TSMC to cross share technology (wager and packaging) where each owns 40% and US government takes a 20% non-voting stake.
Expect consolidation between TSMC and Intel with ~50% of Intel factory workers to be laid off.