Thread regarding Intel Corp. layoffs

@bb+1j I think it is safe to say that both the internal and external messaging lacked specifics.

This is just a start but watch and be wary if this sets the pattern for LBT.

There is no guarantee of success. It has to be earned.

Others have said it, and I agree that the company wanted the market to know the scope of the RIF without announcing it publicly, likely out of some concern over doing something even larger than what they just finished doing.

Not to LBT: the market wants to see action, not words, and if what is needed is to remove 10-15 non-core products, right-size TD and get started on converting fab workers to being contractors, then get 'er done!

Just like it used to be with PG, what LBT said lowered the stock price.

Do you know today was an Earnings call with investors on call ? Today you will get all your answers in the internal call

Now it becomes clear why Intel leaked to the media about 20% layoffs. The goal is clear: to set a target for the final number of workers by the end of the year and to create an atmosphere of uncertainty, in which layoffs of unnecessary employees will become permanent and free for the company. Indicators for the quarterly wage fund or the number of employees will be sent down to business units, and managers themselves will be obliged to get rid of unnecessary workers. In addition to this, 4 days of RTO will also force workers to look for another job and even more employees will leave Intel without benefits.
Under such conditions, Intel will no longer have to pay any CPM.

@am+1 Guess being CEO is a bit tougher than it looks from the perspective of the Board members.

But he has been CEO of a number of companies so should have read the situation and brought more clarity than was the case.

He still has a very weak team and see if he is able to start replacing some of the ELT and attracting better management talent.

Getting rid of team size as a KPI and having ELT report directly to him shows that he is starting to get to the key issues, yet it appears he is relying on managers to pick the low performers and that will just perpetuate the out of control favoritism.

He must start showing results or he and the Board will be pushed out when the stock gets below $10.

What he keeps saying he will do is not the bad outcome. The bad outcome is the stock back in the $7s like it was in 2002 and 2008, because what happens then is the company gets rapidly disassembled for parts.

LBT is most likely still in the planning phase.
He hasn’t been CEO that long and needs to complete his study and assessment.

Q2 seems right, but give the guy a few more weeks to flush the turds - they are legion.

Really expected to see something more decisive from LBT.

Thought he would have more than just a vague sent about flattening the org.

I can see why they would not want to put out a target, after having just completed a 15k reduction. To do another one so soon kind of reeks of desperation.

He mentioned some examples of teams with too many layers but why have they not already been flattened? It's not rocket science.

More of this and the stock will be pushing to the lower teens on the way to the high single digits.

If LBT and the Board are still this indecisive, getting the stock back to the mid $7s should provide some motivation. Or maybe shareholders simply fire the Board.