I don’t see LBT reducing Managment layers by 50% through the company?
Is stating a lie at the earnings call a SEC violation?
Also isn’t it a violation of Intel Code of Conduct to lie to both employees and outside investors about this?
8 replies (most recent on top)
Intel Code of conduct violation for sure for false statements
Hahaha. In case you haven’t noticed, the SEC is not functioning to make any violation determinations and impose fines. If they have’t gone after Elon, they’re not going after anyone else - unless explicitly told to do so by the the big cheese.
While management layers have been reduced in some groups, higher-level managers simply laid off some engineers and converted all their direct reports to ICs.
If anything they will increase layers and create separate arms that have nothing to do with engineering but will constantly harass and assign random and irrelevant task forces and ARs
“(Lipton’s investment firm) Walden has deepened its investment focus on China: from 2017-2020, the company made at least 25 investments in Chinese chip companies, "accounting for more than 40% of the Chinese semiconductor deals involving U.S. venture investors during that period" while Tan, through Walden, "has invested in hundreds of Chinese tech firms, including at least eight with links to the People's Liberation Army."
- from Wikipedia
Mine went from 6 layers to 5.
not 50% reduction
your verb tense is ambiguous. If it’s past tense sure. Could it be future tense though?
maybe if the number of managers is counted only - using the cut groups.
I went from 7 to 6.