Thread regarding Intel Corp. layoffs

Until today I thought Intel had a chance of recovering over a few years

Things have gotten so bad and the arrogant Intel management still thinks they have a handle on it. Wasn't it Einstein who said the definition of insanity is doing the same thing over again and expecting different results? PG doesn't have the mental toughness to do what is needed. I bet he prays hard every night about it but that isn't what the company needs. The company needs a leader who actually takes charge. The problems in this company are between grades 10 and 14. Those are the people making decisions and are entrenched in doing the same things that worked in the 90s over and over again. Intel's competitors don't have that deadweight baggage to drag along and they are innovating and growing. Intel needs to get rid of at least 40,000 employees in order to have the agility to change with the markets and consumer demand. Instead, it appears PG just can't do that for what ever reason. All of the other tech companies that used to be Intel's peers have figured that out. I said used to be peers because Intel isn't even discussed in those circles any more. The company is a has been.

PG has fiduciary responsibilities as the CEO to make sound decisions based on tangible data for the company and not faith. I am not condemning the man's faith but it has a place and he doesn't have the right drag this company down by being a weak leader praying for the right answers.

Look at PGs history as a leader. At Intel during his first run he was mentored and guided through the ranks. When it came down to choosing between 4 or 5 great candidates to succeed Dr CB the job went to PO. I would bet that PG didn't get the job because he wasn't mentally tough enough without someone holding his hand. At VMware, PG didn't really have to make any tough decisions. It is a great product that saved companies boat loads of money on hardware and opened the doors to software based infrastructure and incredible automation in the data center. His job was just starting to get hard there with competition in cloud from AWS and Azure but he left for Intel before he had to prove his toughness to make the right decisions.

Intel won't change and that is going to be its demise. I hope the US government doesn't label Intel to big to fail. Instead, I hope they take a page from the 2008 financial crisis and treat Intel like Wachovia bank. Wachovia was failing badly and the government forced/coerced Wells Fargo to take it over. I hope something similar happens here with the government forcing an NVIDIA, AMD, or Qualcomm or maybe create a semiconductor consortium to step up and deliver what the country and our allies need.

Sad to see this company languish but here we are. 99% of people don't need a 30+ core laptop based on a the 25th generation of a 1980s architecture. The competition is focused elsewhere. I hope the best for my friends who still work there.

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| 2369 views | | 9 replies (last January 29, 2023) | Reply
Post ID: @OP+1kTuuoJb

9 replies (most recent on top)

Nice post OP.

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Post ID: @2yaz+1kTuuoJb

Lots of Directors are pretty useless. Start the axing there.

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Post ID: @2qqn+1kTuuoJb

Dare I say it's not the headcount. It's the Culture. It's toxic and broken. The cancer is within the bones of the company, the workers exploited, ideas stifled. Tragedy awaits.

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Post ID: @1fmr+1kTuuoJb

What PG is doing, BK should have done.

BK put a ho-e in the ship and its taking a dip under PG leadership

Cant believe BK spent so much on drones.

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Post ID: @qbz+1kTuuoJb

Intel's "sins of the past" have caught up with it. Go wokie, Go Brokie.

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Post ID: @vwo+1kTuuoJb

Was it the circuit article about how we’re building more fabs?

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Post ID: @tdp+1kTuuoJb

@yta+1kTuuoJb, I was counting on Intel to come clean today and they didn't. If you look the earning data Intel reported 131.9K employees as of 12/31/22 which is 500 employees above what was reported in Q3. So basically it means they fired people in the US ( high wages) and hired aggressively in low wage areas. Look at careers on Intel.com and see the number of job openings in Malaysia. This is after taking a hand out from the Chips Act. Bottom line, Intel can't reduce its ridiculously high headcount. Probably, the d-mb a$$ grade 10-14 employees can't figure out a new way to do anything. This company should have joined the others in the tech industry announcing layoffs in 10s of Ks but they didn't. Innovation is broken a Intel, it doesn't exist. The company has been reduced to feeble minded senior managers who really don't know how to do things differently. Oh, and they also projected a loss for at least Q1 of this year meaning that they still don't have a clue as what to do. Its all OK they are brilliant, just ask them.

Todays earnings announcement should have had a huge 10s of K layoff announcement associated with it but the CEO can't do it. This will just be a continual drag down on the company.

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Post ID: @mpe+1kTuuoJb

I share most of your concerns. What was it about today that changed you to a pessimist?

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Post ID: @yta+1kTuuoJb

But Intel has the best PC forecasting team on the planet.

The exec’s daughter needed TWO laptops for college and we all know that extrapolates to the general PC market!

Don’t worry. We’ll get back to 2020/21 levels of PC demand. Everyone in the family needs more than two laptops and a desktop for gaming of course.

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Post ID: @zeh+1kTuuoJb

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