Thread regarding Intel Corp. layoffs

@hbu+1kbMfw2d,

Basically summed up Pats entire tenure. Though you forgot to mention we paid him $180million to misread the market and run the ship aground.

Time for Intel re-branding. The last major effort was when Eric Kim did the re-branding and got rid of the Intel drop 'e' to modernize the logo. Millions of dollars were spent. Intel sponsored formula 1 race car team and it was all off to the moon. Now that Intel is back to 'Grovian' type behavior, it is high time we fix the brand and go back to the drop 'e'.

Just be patient, after a few months Pat will implement Process Renaming 2.0 and then Intel will overtake TSMC in process leadership. Problem solved and Andy Grove will stop spinning in the grave, like a record baby, right round round round.

Intel will have process leadership and product leadership with IDM and IFS, really. Do they really have the DNA, execution and a corner on talent and innovation?

AMD, Nvidia, Samsung, Qualcomm, Apple, TSMC, all sitting on their hands. All little companies with little resources, motivation nor a track record of execution the past few years.

Really what is Intels competitive advantage? Please did ELT and Pat name a real one or fantasy of the past before the pivot point was passed. Last I check everyone one of the listed companies laid big can of whoop a$$ on Intel and it will be even bigger soon

Charlatans… all of them.

Tone deaf doesn't even begin to describe how the CEO and ELT are coming across. More like elitist politicians who have no clue how the rank and file live/survive in the world.

And, they care about as much.

Cover yer back side and get ready for the ride.

Moving back to perf ratings is a very good thing. Insights was their new way of firing anybody any time, without having to justify why a top performer was being labelled as a poor one. The HR slush fund is being stopped. A very good thing.

'unforeseen market conditions'? Look, forecasting revenue and units isn't particularly easy. However, in this case there was massive spike in demand in late 2020/2021 when the Covid hit and tons of companies were buy equipment for the stay out home movement. So, this was probably the most easily predictable 'risk' that Intel could ever have forecast in 2022 demand. The reason is that these machines are purchased and have a life of roughly 4-5 years. Even an undergrad in finance would have predicted that demand would slow due to the spike. Intel internal does/should/could model these refresh cycles.

What looks like happened is that Intel ramped heads in 2020/202 thinking demand would keep going up in a linear fashion while all of the underlying conditions were SCREAMING to slow down and start getting conservative. During this period, the new CEO was spending most of his time on external focused activities like bloviating on finance channels about the new plan for IDM 2.0, insulting customers (that Apple chip was 'o.k.' as well as poking competitors in the eye (like saying nobody want to build chips in Taiwan). Also, hob knobbing with the politicians to get tax breaks (only to have them taken away due to minimum tax in the Inflation Reduction Act). This train is off the track as far as I can tell.

What did I get wrong?

The whole meeting was useless. People asked great questions in the Ask Intel tool but they cherry picked any softball they could find. I’m think one question that got asked only had about 7 upvotes…

Pat makes $180million (I know it’s less now) to cut the stock by half and lay off people. It honestly wouldn’t be as bad if he took even the smallest amount of responsibility but he even started the meeting with the same “unforeseen market conditions” bs.

Pat’s Christmas wishes and song were just so tone deaf - I felt so uncomfortable.

What metric indeed.

It sounds like nothing has changed since I last walked the halls of Intel. The ELT will continue to drag the company down through poor decisions, blame the decline on employees, and ask them to work harder or become another HC reduction statistic.

What a shame, I used to have nothing but admiration for this company.

It is a corporate Sermon from the podium. Confessions are private but public can’t be deceived.