Left Intel after 29yrs. They will HAVE to keep cutting and slashing to keep the stock and dividend high. Hope they do, I have a ton of stock.
No way you get growth like Andy Grove accomplished. It has nothing to do with mature markets or anythjing. ...reason? just look at the management. Example is Aisha, and just pick your own favorite VP then just compare their accumen to the founders. Case closed
As someone who was recruited to Intel relatively recently (and then, ironically, ISP'd because my inept manager when she gave me an S/SL4 for being "new to Intel"!), part of the pitch from Intel is that you're encouraged to make it a career and to learn and progress in the company.
It was, of course, all lies and the voluntary and involuntary turnover of the best people under my manager and within my group has been astronomical. She's since been promoted and I get regular calls from ex-colleagues wondering if there are openings at my new employer.
Intel is basically a counter-example of everything that one could hope of an employer (other than the decent salary and free fruit): slow-moving and bureaucratic, highly political, internally focused, lots of insecurity and uncertainty, ugly offices and lack of privacy and quiet to get work done, lack of candor and trust, limited paths for promotion and growth, really bad management and probably worst - few people ready, willing or able to actually compete and win at anything other than internal "Hunger Games" for resources, promotions and influence.
It's really quite different than what was described when I was on the outside being recruited away from a good job. Playing the Intel game offers few skills that are transferable to other, better employers, I guess, other than having "Intel" on your resume. My best advice is for prospective employees to stay away.
With all due respect, OP, I honestly don't think the younger generation cares that it's "not the Intel you think". It's just not the Intel YOU think, meaning, one you can make a lifelong career out of. The younger generation only cares about today and what they can get now. Tomorrow they'll jump ship for a better company. And no, I'm not dissing them... it's actually quite smart to move around because when they do that, for one, they don't become stale, and for two, they can demand a higher salary when negotiating. Unlike what most employees can do when stuck at the same company for decades. You ge what you get at focal, period. And trust me, it isn't what you an get when in negotiations for a job at a new company.
A Baby Boomer
The x86 graveytrain is over and intel's decade of wasted indulgence and arrogance of swimming & winning tens billions of profits is done as is its leadership at the front of Moore's Law.
A new leader has arisen and the ARMy fed by billions of $ of SoftBank and tens of billions of mobile processors have enabled Samsung and TSMC to invest and take the leadership. Now they will struggle at the helm but they are the leaders and to the leaders go the soils and the clown just picks up the leftovers crumbs behind. Big ACTs will be required and intel to restructure to survive in this new world order.
Are you intelers ready 🙄🤔
The complete and utter mismanagement by the buffoons up top is shocking.
The company has fallen with each CEO getting progressively worse from CRB to PSO and can't imagine getting worse than BK.
With the current strategy and absolute failure in managing 14, 10, and 7nm execution the company is now past the tipping point.
The company failed to do anything after x86, yet spend untold billions on Itanium, Clear, mobile, graphics, tablets and now billions more to be wasted in modems, memory, AI, IoT and autonomous driving at a time where the profit from x86 is in decline. It is amazing the mismanagement allowed by the board.
Indeed dark times with more ACTs are a certain, likely 20k a year over the next two years. The company will be a hallow picture of itself in 2019. Collapses will be Kodak / Blackberry level collapse, epic!