Some companies protect employees during tough times. Others, like Intel, use crises as excuses to cut jobs. Guess which ones end up on top in the end? Spoiler alert: it's not us.
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Shareholders are first priority. Always. Always been like this as this is a corporation. Stay valid and important. Gaining skills constantly is a task most don't perform well at.
Intel's priority is to make shareholders happy. If they are not happy, top executives still get their big salaries and bonuses.
Why the fook did they get bonuses when Intel lost money quarter?
This should end your shareholder primacy debate: Intel (Pat & Dave) officially suspended Intel dividends to shareholders to build new fabs and Intel was NOT successfully sued.
This concludes our yearly broadcast of Corporations primary responsibility is NOT to the shareholders lesson.
The premise of OPs statement is false, thus any conclusion based on that false premise is invalid.
No other industry hires and fires like the semi industry. It is highly cyclical and the longest duration industry. All that capital intensity means the labor cost is the only real variable to be adjusted.
AI will more or less stop the need to scale headcount up or down, so be careful what you wish for because AI is going to take your job as soon as LBT can figure out how to make that happen.
Have a nice day.
Another American MBA graduate spewing the “Priority to Shareholders” nonsense.
In summary, Dodge v. Ford Motor Co. is a pivotal case that supported the false notion of shareholder primacy. However, it's important to understand the details of the case and the nuance of the ruling and how the debate surrounding corporate social responsibility has evolved over time. It will not hold up in court today if a lawyer is stupid enough to cite Dodge v. Ford. It’s been tried and has failed miserably.
@ah no sh-t they’re not a good example of the industrial average… we’re below average hahah.
@a4 intel is no longer on the DOW. Intels priority is for the id--t, loser executives to walk away with a fortune from gutting and selling what Noyce and Moore built.
Intels priorities are to the shareholders. That’s literally the whole purpose of a publicly traded company. If laying people off benefits the stock then they will do it. If brutally mu---ring you in front of your own family would increase share price by 10¢ they would do it in a heart beat.
Why is this so hard for you people to understand? “It’s just business”.
I agree. In case anyone is living under a rock Intel is no longer “Intel”. Core functions are being completely outsourced. Bain & Co And McKinsey are fully involved in the gutting of the enterprise. No loyalty is warranted working for Intel corporation anymore. People are not human to this type of organization. Fu-k Intel!
At TSMC when times are tough they cancel their bonus which is early 2/3 or more of their pay.
The company commits to its employees if the employees commit to the employer. They work really hard and do whatever, never argue and obedient as a well trained dog, for that they get good pay and job security.