https://eladelantado.com/news/intel-new-ceo/
15 replies (most recent on top)
Years of systemetic nepot$sm, favoritsm (interviewing, hiring, firing, layoffs, promotions, rewarding etc) concentrated Intel workforce from a particular Asian country ($nd$a). It's a gang mentality that they are proud off
So what % do BUs have to trim? 50% of managers to get to where LBT wants it? Will it increase the load on other non-tech managers? Or will tech engineers get pushed up to fill vacancies making them PowerPoint editors?
Decline started when they submarined their PC and server success IP in 2 words "ICE Lake". When you have market share on server blades at $500 per device and then years later start foundry and media reports Microsoft as " first foundry win" as a job shop contract mfg with no IP and $58.00 unit price instead of $500.....the ship had already sank.
Today was my last day at Intel. I didn't get an exit interview, nothing, I walked out and no managers said anything. Glad I decided to leave very early. Nothing like feeling unappreciated. Your loss Intel is someone else's gain!
Who's to say bankruptcy isn't part of his plan?
There is nothing wrong with layoffs as long as THE RIGHT PEOPLE GET LAIDOFF.
@ab... you have the Intel we are the smartest and are doing everything the right way mentality. The company financials and steady loss of market share says otherwise. Less people will mean reduced bureaucracy so faster execution and more risk taking. Intel needs to become competitive.
How much does it cost to decommission a fab? Substantially much more than the value of the ground it stands on is my guess. At which point the way to avoid that problematic financial burden is bankruptcy, as final chess move. Tan may well have bankruptcy in his plans. Anything is possible.
When Lip-Bu was Cadence CEO, he didn't run it like his good friend Hoc Tan of Broadcom whose nickname is THE champion of financial engineering. However, Intel as of today might make Lip-Bu learn more from Hoc Tan to Make Intel Great Again.
You can tell all the downvotes are from the terminal middle managers that are getting 2 weeks severance and soft blacklisted across entire industry
Lip Bu Tan will lay off half ?
Why not 80% lay off??
Most INTEL employess are slackers
Let them go with a bus ticket
But can Intel run crisis?
But can he do push-ups?
if current workforce can't make intel product better, lesser workforce can make intel product better? fat hope
If he can cut half and get better output, that means he is at least 100% better, right?