Leadership's response to any problem over the past several years is that we are on a "transformation" or a "journey"...and solutions are always 3 to 5 years away!
No accountability for the Technology folks who blew the leadership position, and still claim best days are just around the corner!
The fakers and bloviators who rose rapidly thru the ranks seem clueless to deal with real problems.
Sad to see this.
Andy is rolling in his grave.
Intel management has admitted lost competition in data center and projected no Intel CPU in data center in 2025. High end data center will be taken over by AMD, this is what managers told us.
I agree that BK and BS severely damaged the company. BS was just a placeholder and worse, he was just a CFO who added zero value as a placeholder CEO. Of course with his financial background he goosed the stock price with stock buybacks, something Pat said he would not do. I haven't heard of any buybacks in the past 2 years since Pat took the helm. I think it's going to be a rough 2 to 3 years with potentially 30% of the company headcount disappearing. That said, if we can get the latest gen of litho equipment we can quickly regain leadership or at least a competitive footing if the company is rightsized by that time so our cost structure is more inline with what TSMC and customers are doing today.
Intel does not have years for "transformations" anymore.
And everyone should stop blaming prior CEOs for the current situation. If anything, Bob Swan was making better financial decisions with Intel's cash than burying it in "transformational" concrete.
BK and BS severely damaged the company during their tenure (2012-2021) with their poor decisions, lack of vision, and implementing poor policies that focused on political 'virtue signalling'. It's going to take awhile for PG to undo the cultural rot brought about by BK and BS, get the business refocused in the right areas, get the right people put in the right positions, and execute to start taking back market share. These sort of "re-transformations" don't happen quickly. It takes years.
When I joined intel from other company a decade ago, I was shocked how the employee treat customer. They are like 'take it or leave it' attitude!
And everyone don't think it's a problem, because it is Intel.
When market is good, anyone can be a CEO and the company can just auto-cruise and print money. No one bother to change the culture, and ironically management always talk about culture, yeah just talk.
Now serve you right.
I left on 2015. Can't take it. Ppl have been complacent for decades inside.
I was in a customer meeting about 6 years ago and I remember the director on the customer side say "Intel's best CPU is always 3 years away." Seems apt.