Thread regarding Intel Corp. layoffs

Israel is aways a good site to expand in. Workers there don't whine like the Americans and the Israeli's have better technical skills. Same with Ireland., for sure.

@cn Unless and until the company finds new sources of growth (hard to imagine with x86) then the statement about minimal promotions or raises is likely true.

Sure, some will find a way to climb the ladder but for most there just won't be enough opportunities to take advantage of.

It's been said before and remains true: Try to work for companies which have greater than 50% gross margin. This is especially true in high growth industries, because the companies which are below 50% margin are price-takers, not price makers.

Things can change but it isn't clear at all that will be the case for Intel.

To the person who said "don't expect raises and promos". You are 100% wrong.

@bp+1jswz2b3q I see high levels of offshoring, DEI and H1B as part of a strategy to lower cost at the expense of innovation, as a sign that the main strategy is to milk x86 cash flows until the company is broken up and sold for parts.

None of these alternative labor models is particularly a bad thing. There are plenty of engineering tasks which are routine and can be performed by lesser talent.

But if you see R&D or key process work being done by people from schools that no one has heard of then that means the company is just going for low cost.

The plan has always been to move to areas where labor is cheapest. Who bought their plane ticket to Malaysia.

Engineering centric in part means replacing layers of non-technical mgmt and wala an engineer becomes a technicians mgr, which is better for the technician on a technical level. No more of your technician peers getting promoted to mgr withoubranded or someone with a librariarian degree only there to stifle progress. At least in a real semi company. The other model is braindead.

If we talk about all of Intel, then the expected reductions in the workforce are no less than 13K employees. Of which no less than 4K managers will be laid off.

For those who remain it's always is just a matter of time. LBT said he will fire and hire engineering talent. That takes years and who is going to come join Intel at this stage ? Only those that have been out of jobs for years

For those who remain, don't expect raises or promotions any time in the near (or possibly ever) future.

Other tech companies that have gone through this kind of zombie period took a solid decade to find the next big thing.

And there is little sign that Intel even has a strategy to find the next growth wave. They seems totally focused on keeping x86 cash flow to the bitter end, even as that nearly half century old architecture is rapidly losing to ARM.

For those who live to troll, there is plenty to troll about with regards to x86, but the reality of what is going on is immutable.

Until Intel starts working with ARM or other RISC architecture, it makes sense to assume the strategy is to break up the company and sell it at the highest prices possible.

Awesome if you own the stock, but not a good career move unless you are able to retire in the next 5 years.

x86 won't go away any time soon, but it will be sold to some company as a product with a long, dwindling tail of cash flows. Those working on it will rue the day.

Suspect a few product lines will be sunset which will result in all the staff being eliminated. I don't know how many will be allowed to move over to other BUs and where but it will be a sh-tshow and hunger games