The co-CEOs and LBT have made no changes. Without full honesty about mistakes and accountability for missed goals at the top, the ship will keep struggling. How are execs’ and SLT’s OKRs almost always green with a few yellows? Either the goals are flawed, or the self-audit is unreliable.
17 replies (most recent on top)
If no projects are stopped and resources allocated to those that can make money in 3 years this exercise is the biggest scam for the remaining employees and the investors. They should know now how many employees they need to pull out of this mess otherwise the blind keep leading and letting the titanic take on more water.
Unionizing is a good idea at this point
@bk... this site has had people bring up unions but no one has ever followed through. Your time to organize was when the company was strong. Go ahead and strike. You may as well just quit because you will get fired.
Getting rid of Ann Kelleher is a big step in the right direction. We will see more changes like that doing a roto-rooter at Intel to flush out the deadwood and the blockers.
We should strike
The biggest changes are to ELT and that has already started.
Everything else flows downhill from that adjustment.
Ann and the Japan GM being pushed out have huge consequences.
Ann was the one stuck in the IDM mindset, resisting the fab and TD restructuring needed to be competitive with other Foundries.
What is to follow will be the biggest fab headcount reduction..ever, and it will be permanent. The few techs that remain will mostly be converted to contract labor, and only a fraction of the engineers will remain, and those will be as part of engineering pools which serve many fabs. All the managers needed to handle such a bloated workforce also go away.
Could see upwards of 30% reduction overall.
Not sure what difference the Japan GM being 'retired' means, but it does mean some major shift as well. If nothing else it is one less ELT trying to cling to the past.
As ELT is realigned to the strategy of breaking up the company, an ever increasing amount of reductions and reorganizations will happen. This takes time.
Should also be some Board realignment, where members were stuck on the outdated IDM model.
It may be flashy to do a huge headcount reduction in the first earnings call, but the days when that was possible are long gone. The excess now is largely due to the long-delayed need to restructure the company (and particularly the fabs) to be more nimble and cost effective. These are the changes that the entrenched management structure has prevented for at least the past 15 years.
So rip out middle management and exit anyone at the top who resists change, then it will be done.
it's coming..
They Shoulda Taken The Package!
- There are PE/Senior PEs"technical" managers who has less than 8 people and who hasn't had any significant patents in last few years! Basically these "PE" managers can't handle being Directors and so they 2nd level manager(Director) make them "PE" Managers! Especially in NEX/NXNE, there are layout mask designers becoming PEs/SeniorPEs/Fellows who are doing grade8/9 work! Massive GRADE INFLATION!
- TD/TMG/IFS/Atom/Xeon/CMO/Memory teams are massively bloated grade inflated Org (50% can be let go wo any impact to any products)! At least 50% of Dinosaurs with like Directors/PEs/SeniorPEs/Fellows shd be let go (If they were so good, why Intel is going bankrupt?)!
- H1b hiring, $nd$an nepotism/favoritism, DEI, brown nosing NEED TO STOP RIGHT NOW!
- Close Haifa, Kyriat Gyat, Folsom, Petach Tichva, Allentown need to close down. Oregon/Chandler need to be emptied out by 25% (there are lot of dinosaurs career politicians there).
- Nobody cares about CPU anymore. Atom/Xeon teans need to be SHUT DOWN!
Move those saved $$ to AI/GPU/6G etc and save Intel from bankruptcy!
@am Look at all your endless excuses. Exactly why Intel is bankrupt. The company won't exist in 6 months if they don't immediately jettison all employees not directly contributing to revenue. Let the chips fall where they may. There will be no one to sue in court for your stupid "fraud" accusations and no money to collect. Of course this is all your typical Intel employee thinks about anyways.
There are changes many VP are retiring; business units are consolidating.
First week, first month, first quarter then first year, time flies and there are product deadlines and financial numbers to meet. There will not be the same patience as what was given to Pat. Being slow seems to be worse than being wrong right now.
…sigh…think Mcfly think. First quarter earnings, then announcement. Ireland, Israel, Asia have different layoff laws and tax incentives. As well as US regulation with chip funding requirements. Ex: Chandler part of chip funding. If you dont deliver its call…Fraud… People who post hear are mo--ns
Yes there is never any accountability. All those who fu-k up just get promoted
Seriously... LBT just started last week! What changes can anyone reasonably expect? Someone is delulu. No wonder Intel is failing.
How dare LBT not make any changes in his first week! Slacker
Certainly the people who spent all working hours wasting company time on this site are about to be held to account.
That should fix most of the issues.
Probably homework in progress...