It's unlikely we'll hear any public details until prob late April 2025 (prob week of 24th) when Q1'25 earnings are announced. This will give Lip-Bu enough time to layout his plans to ELT, get legal inputs, and prep for any SEC disclosures. In addition, we are in the 'quiet period' so it's extremely unlikely anything will be publicly announced. What will be interesting is how quickly he plans to move given his previous BOD experience, and recommendations about six months ago. He already had recommendations back in August 2024, so now he has the authority, and support to implement them.
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I’ve seen some folks in SMG, that really moved from design and sitting at high grade level, have no knowledge but eating away intel paychecks, honestly I’ve no idea how those guys have been surviving from so long at intel , I assume this is how classic intel works.. regardless I still doubt Lip-bu , he is coming with cadence experience and I don’t think that will be helpful to turn around Intel , he may end of laying off too many folks but if done badly will impact future intel project and will only take it backward … honestly he has no knowledge to fix AI roadmap , may be one thing he will do is to favor cadence on tools and IP side , so may be good time to buys cadence stock , as far as intel is concerned , I really don’t see any light at end of tunnel unless 18A surprises and new ceo don’t drain critical teams which are bringing revenue
The factories are already running well below lean. Hope he isn't planning on taking away from the manufacturing side of things. Won't matter what Intel sells if we can't produce it.
Welcome to IDM 3.0
All the Intel for half the employees!
The week of 24th is going to be he-l
You love to hate sales because they can affect the company in big ways just from a round of golf and day drink the rest of the day
@a4+1jpwp9qk3 I would agree on holding on to good technical talent, but honestly, Intel sales isn't worth squat. If there is any group worse than IFS, and then Finance... it's Sales. This is the organization which thought hosting a multi-million dollar cruise while Intel is floundering, and losing money. If any org deserves a deeper cut, it's Sales.
Oh I’ll be hanging. More a matter of hanging ‘from where’, rather than ‘in there’. Could be fun. Hope I don’t soil myself.
Agree. We will also see in the earnings the footnote on future charges to pay for severance. That will give us a good idea on what q2 layoffs will be. This will be the biggest seismic shift in headcount in Intels history. I hope we do it right and keep as much strong talent focused on engineering and Sales ( sales is decimated on talent. They need a stronger workforce for us to generate revenue) my 2 cents. Hang in there everyone.