I heard that it will continue in October and remain in effect until the end of the year.
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Layoffs make easy busy work for all those VPs. They love it. Decades of corporate inbreeding has evolved the ultimate layoff machine that can deliver 10% headcount reductions continuously. Add enough cash to support some binge hiring for some flashy projects that ultimately fail anyway and the cycle repeats indefinitely.
This is Intel, layoffs are part of the business plan. They will never end.
good old days coming. cruise trip in the pipeline to rewards employees?
The only reason Intel can claim a positive quarter the last quarter and next quarter is because of CHIPS funding and money from the US Government and NVIDIA. Investors are not going to keep buying that scam and pull out their investments from Intel next month as the markets crash and more layoffs announced
17B won't cover CEO MBA Intel corpas salaries ! Where's the party boat floating ! Wall Street hates Intel anyhow ! Stargate or bust fools !
It is just the beginning. Don’t you read their report or results? This year 75K, next year 55K , the year after 35K and so on.
Yes the layoff is over we will not have any more layoffs. Get back to work.
We in PEG expect more in October
Never started for def met team
Lol! They are waiting until the next earnings report. They want to keep the stock from falling by laying people off after a disappointing earnings report.
Remaining layoffs will be done under guise of “performance management” so they don’t have to give packages. Managers will be looking for reasons to fire engineers so do extra CYA and document stuff where you can. Don’t trust coworkers. Don’t cause scrap in the fab. Su-k up to your manager, they have all the power. Don’t go walking slow, the devil’s on the loose. They need to get to 75 by year end and 60 by 2026 but don’t want to irritate TACO so it won’t be through publicly announced block layoffs.
@a2 2026 no pause to layoff after big layoff between 2024-2025?
Short term goal is to hit 75K headcount. Realistically, that needs to be below 50K but that is not vocalized yet in order not to cause panic. Sometime in 2026, we will start to hear that figure as the new headcount target. So layoffs will slow down but continue to move forward. Intel needs to be restructured to be appealing to potential buyers and that's what the leadership is trying to do at the moment.
The layoff is dead
Long live the layoff
Need to hit 75k whatever it takes which means some layoffs more in 2025.
2026 numbers being worked now wouldn’t be surprised that target is 55-65k so more to come in 2026.