maybe the rumors are true and they got leaked and there really needs to be a 20% layoff.
How do they do it?
Get rid of all the middle managers. This alone will gut about 5-7%.
Cut out non core groups will yield 3-5%
Enforce RTO. It’ll force some to leave. They need people to just leave to not pay them out. And now no severance either.
Some still remaining WFH, but another way they can do it is give a 20% pay cut to those who WFH, and then give 20% raises to those that are on-site. This rewards those who have stuck around. This also allows to bring in talent who will get paid more and 20% on top of that. This should get rid of another 3-5%.
The other remaining layoffs will probably be performance based..I just hope they don’t cut groups so tight that those groups aren’t able to function. It seems like that’s already the case for some groups.
Also they need to stop being so out of touch with the actual workers. Reward them somehow?
Also they need to do this fast and not drag this out. This should help bring the stock price up in the near term.
All needs to be done in Q2.
Q3 should be turn around finally.
Followed by a good Q4 to close out the year as foundry will finally be going, PC upgrades sales will be up, since no support for windows 10 will force to PC upgrades across the board. From there we should finally see the light at the end of the tunnel and see a $200/share stock price.
Oh and lastly, INTC needs to make a bold move and add BTC and ETH to the balance sheet.
LFG!!!