In preparation for his appointment Murthy has been holding secret meetings with VP level or above on plans to execute a huge layoff of over 25,000 employees worldwide. In his estimates to compete with AMD, nvidia and Qualcomm he estimates that revenues should be supported by no greater than 75,000 employees to make the business sustainable. In small round table meetings execs were asked to look closely at their business units for "low hanging fruit" to cut. All firings should if possible take place veggie the year is out to maximize the impact on Q1 19 earnings to showcase Murthy taking over as CEO. BELIEVE THIS INFORMATION OR NOT IS UP TO YOU.
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Looks like the layoffs are halted now. Haven't seen anything happen for few months now.
and now 5G/mode, groups are being cut also...
They just knocked out 100+ ppl in the PSG group, saying the difficult climate in the data center business, they have to reduce some headcount.
It seems that there is a truth to this news. Intel is planning massive layoffs as part of ACT2 that will coincide with hiring of new CEO. It’s evident in recent Executive departures. It maybe in phases but it will be aligned to market share loss to AMD which is projected to be 20%
I think the way Intel is growing there is no layoffs in near future. Amazing growth n great strategy to go ahead larger market. Stop spreading fake news.
Doesn't look like there will be any layoffs in 2018 and 1st Quarter of 2019 at least !!
Well it’s the end of the year and no signs of layoffs yet. I’m assuming they’re leaving it as low hanging fruit for the next CEO so they can say they’ve boosted the stock price.
AMD leaving Intel in the dust
Frankly, this seems improbable.
Four months since BK was fired on June 21st. This is embarrassing. Can the board not find anyone to run this company regardless of how big the pile of cash is?
I do not belive this but we'll know very soon.
If you are right you'll enter thelayoff dot com hall of fame.
Murthy is low hanging fruit, since he's not delivering. Nor are his teams he touts at Intel India subsidiary. Can't perform model check test or file validation check . HP,Dell, Lenovo and IBM have to go other places for components. So if you were to take all nepotists and move them to their very own subsidiary (Intel India), then you could spin-them off at will. HP did this a few years ago.
Go look at the BoD for Samsung, TSMC, TI, AMAT and then Intel and laugh at the id--ts on them. Ain’t no wonder the BoD has failed total FUBAR
I know the board is full of sh1th3ads but they aren't so immensely stupid as to appoint MR. MR is a paper weight.
25K would be a start, but at least 40-60K must go to clean up the brown-nosing deadwood infecting the company like a virus.
Confirmed
Hope so! Much needed!
@add think the guy has blown a fuse at the thought of going back home
@VB8xZy1-fpr You can read !
@VB8xZy1-zxd - Most nonsense comment I have ever read!!!!
FACT: (1) MR is not up for CEO job. Likely Intel is looking a reverse merger option. Which means Intel India Subsidary will be automomize and report to Intel US. Then be suddenly spun off from Intel US Intel will likely Spin of Intel India as subsidary and have MR as CEO. That's not for certain.. Since he's go alot of others who want that job. That means his staff below goes with him to Intel India. Intel US will be run in a CO- CEO model. (1) Design,Development, engineering,manufacturing,marketing) and second CEO (2) HR,Marketing,sales,IT, legal,finance and business. MR will be building these functions from scratch at the now spun off subsidary of Intel India. They will start the ACT on his friends and family.
Does MR has any chance to become CEO? Hope we won't become another one like GE
TMG is history, their inablility to deliver 10nm and the bungled 14 capacity. Big cuts and likely spin off is a certainty
Original post by "friendly VP who thinks this s---s" said something about its credibility.
Veggie?