Higher ups are the ones who should finally take full accountability for their mistakes that brought the company to this current state. It is the employees who suffer because of the terrible leadership moves. I doubt that their bad practices will ever change but that is exactly what is leading the company down.
7 replies (most recent on top)
You better motorboat that fake loyalty. This org is beyond saving
Demand didn’t crater in never before seen ways.
Demand increased during the pandemic due to work from home and study from home dynamics that went away.
Did people seriously think that was going to last forever? Demand is normalizing to pre-pandemic levels.
Intel over expanded during this temporary blip and thought it was the new normal. This is criminal misallocation of capital that everyone with a higher than room temperature IQ could see coming.
Intel’s inept management was more focused on empire building instead of a sober look at the market. It’s a symptom of very distorted management incentives. None of this has been fixed and Pat is generally clueless about the competitive situation given his ‘rear view mirror’ comments.
Would be nice to see some attempt to boost morale, but at the end of the day, the past is history. Pat made the move that needed to be made, unfortunately just before demand cratered in never-before-seen ways.
We can debate the degree to which he (or Sandra!) should’ve seen this coming and perhaps delayed capex, but that’s a moot point now.
Intel is losing because of issues that aren’t Pat’s fault. It unfortunately might cease to exist as we know it because of decisions Pat made, but the ball was already rolling pretty quickly downhill when he came aboard.
Bad companies are destroyed by crisis, Good companies survive them, Great companies are improved by them :D
It wasn’t my failure that Intel is in the rear view mirror, it was because of economic headwinds, more money please
The higher ups that messed everything up are long gone. BK and MR gutted engineering in favor of stock buybacks and outsourced labor. Pat is just trying to fix the mess.
That’s why I thought they get paid so much. The buck is supposed to stop with them
At this point might as well use a magic eight ball for decisions.