5K employees on the chop block. Brush the dust off your resumes friends
14 replies (most recent on top)
@cm def met is key target for ai sriven reductions. Ai is really good at analyzing images and data. Not sure why def met folks think they arent replacable by new ai technology... of all fab related jobs this is last place id want be for long term.
PP&E in debt and property poor !
@en
Paywall Removed:
https://archive.is/20260124034741/https://www.wsj.com/tech/intel-problems-trump-bump-17d2c941
@e4 nope the other guy
Not getting down to 75K by the end of 2025 was just another miss by this company. Management can't even hit the targets they set for themselves much less challenges setup by the business environment. Working for a company that celebrates not missing targets by as much as everyone thought they would isn't a great career plan. It isn't sustainable.
@ek , this is exact what they have done. This is behind the wsj paywall but if you have access it is good read.
https://www.wsj.com/tech/intel-problems-trump-bump-17d2c941?mod=Searchresults&pos=3&page=1
There ain't no way LBT is selling off anything fab / manufacturing related now. If that happened, you might as well move Intel into bankruptcy proceedings.
Customers would never trust you again.
Vendors would never trust you again.
You would be a company which no one wants the product or wants to sell you product. All bridges would successfully be burned.
@cq is he the one doing all the day trading onsite during work hours?
Fire all the H1Bs now
@d8 I thought Lip Bu Tan was doing what needed to be done to be sustainably profitable, yet even getting down to 75k is not enough.
I don't doubt that he is willing to take it further, and maybe he is working a strategy that can get the headcount to 35k or so, and is merely doing that in stages. If so then he is waiting to see how newer products and the 18a process behave.
No company wants to limit growth by taking headcount reductions too far, and even if 75k is not really the long term target then it makes sense to gradually step headcount, products and manufacturing down in stages. Not sure the company could survive an immediate reduction from 100k to 35k.
I'd suggest everyone brush up their resumes and financial situation, and maybe even start to search for that next job, before that optionality is taken from them.
LBT has to do more on the cost side.
If the stock slashes through the $30s then he and the board will be forced to divest assets and focus the remaining resources even more closely on 14a.
Bad timing, because the market seems ready for a typical midterm election slump, which usually ends by Summer.
That could push LBT and the Board to do something more radical, like selling off some fabs and maybe some product groups as well. Way past time to put a stop of the $10B a year IFS losses.
Have no doubt that Santa-Tan has a list and has checked it twice.
This might be about to get real.
Def Met is 100% safe!
Not according to the Z man.
Corp decided not to sell off a division, so the headcount stays.
Go woke, go broke.