Had long talk with my VP. Confirmed large cuts and outsourcing 2026. Budgets close to final 2026 but churn still and earnings. I am probably safe he emphasized LBT wants radical change but feels most old timers are lost entrenched and beyond change ability. Losers. Bringing in new talent at top level and at every single level. Expect focused effort at removing all managers directors VPs which are not top 25% and not Dee technical Same with Gr9 and Gr10 Eng who haven’t implemented or wrote specs in years. get rid of PowerPoint professionals.
Going to be a wild ride. 2025 looks like minor change to what is ahead.
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the company has total body cancer
it needs total body radiation therapy
Predictable have to cut to profitability
@em it's a lost cause If Lip Bu has no 18A to cash out.
The only thing left is more chainsaw. He has the same problem
that Pat did, they severely underestimate the complexity of
actual semiconductor manufacturing. The kind with capex.
@c7 pat did not not make any meaningful effort at changing the culture. He hadnt made any progeess. That was the problem with him. He didnt roll up the sleves and get the hard work done. Instead he pumped billipns of dollars into a broken cilture and system. Not surprisingly, it didnt work put.
So where's the stable process lines18a and 14a yet ? NA EUVs qualified ? How is yeild post last vias ! That's why they call them rebranded Celeron ! Greek for Sell it and Run Chiplets ! INTC will be the next Harbor Freight of CPUs ! Pure Intelium Inside !
"I am probably safe." << probably not.
my naga, there is nothing left
I don't believe the Quitter Troll spoke to any VP.
@c8 Naga said we're done with the bulk of "CPM"
It's completely true, because now we're changing the terminology to "outsourcing"
CPM ends in November, Outsourcing starts early next year.
You're not safe..... don't let Naga's disingenuous attempts at reassurance fool you
@ce you can quit any time. There won't be big packages and the job market su-ks. Do some search on how many people are now long term unemployed and the numbers keep growing.
@c8 makes sense, calm down the workforce so they are completely blindsided when the cuts come. People do better work when they aren't worried about losing their jobs. They are going to get the last drop of sweat out of you before you get thrown to the curb.
I hope to get laid off ideally first half of next year... I can't take Intel anymore, just so toxic.
@c8 and you believe Naga no more layoffs? Wait until you are outsourced and then layed off
Fake news. Naga literally told us layoffs are over.
Pat was attemping to revive the culture. He was making progress but he was deposed.
Why not replace all of them? I'm sure LBT has plenty of friends that know more about chip making.
There isn't time left to save it.
The route is shutter stuff and make less advanced chips and probably shutter various fabs.
The turnaround talk is beyond stupid unless your timeline is 20 to 30yrs and assumes we get into some new space.
It's just beyond stupid at this point
"Expect focused effort at removing all managers directors VPs which are not top 25% . . ."
I'll believe it when I see it.
LBT is right! Instead of forcing old timers to change, it's more reasonable and cost-effective to hire new ones and fire old ones.
Just hope he can make it quick.
beyond change ability for decades now
Problem is top 25% manager's causing most damage cause they know the games to play to survive expert and keep favorite.