Pay cut will make everything worst
Diversify and worseify. Get woke. Go broke.
OP makes sense. Very practical. And I used to work there. In NEO, Splinter explained that when times are good everyone benefits. Then when things are bad Mgt would pare things away bit by bit so that the Company could avoid layoffs, and still provide intact paychecks. Where were all the realists when they were needed?
Intel should do what the other smart tech companies are doing .... getting rid of the dead weight H-1B's. With as many H-1Bs with MS and PHDs Intel hired how come they haven't been able to lift the company up or drive innovation? The answer is that they are dead weight and have caused the company to sink. Each add an additional $30,000 in unnecessary visa processing fees and in a lot of cases the international equivalents are doing the same job with a lesser degree. A lot of cost savings can be made if Intel stopped trying to be an immigration processing company. Do like the other smart companies and deport them. American's salaries shouldn't be decreased while Intel recruits and pays for H-1B fees.
https://news.yahoo.com/high-skilled-visa-holders-risk-192602607.html
🥳
Extreme communication is the key
Another idea is to ensure diversity in the teams and chains. All those without diverse set of folks should be jumbled
I don’t think it is a good idea to give big rise for every milestone accomplishment before the power clean up is done..
That post (the original one) was obviously written by an investor and not a worker or someone on the inside.
It smacks too much of how a company can make me money.
Number 4 was the dead giveaway on that one.
One begets the other?
pat should have deeper pay cut. he is responsible for getting intel into this mess
Accountability.
Show proof of work for the last 6 months.
Slackers should all get fired.
The company unfortunately got HIV. It’s a hard one to come back from.
Nothing will change until Elon takes over.
Has any company in history executed such a large headcount reduction in a few months?
Pipe dreams... keep smoking...
Internal foundry is a way to spin it off. They need to do it fast and make that unit value 2x of global foundries as a target.
IDM and IFS model is a broken strategy that will suck blood and life out of Intel and distract management till it fails. The next few years will see talent exodus and those that stay terrible morale, what a $hitshow.
Intel’s problem is far larger than money for both IDM and IFS. Saving a few billions in dividends, cutting salaries symbolizing frugality, nor a few thousand layoffs won’t either.
Factories at the leading edge cost easily 20B or more and need to be huge volume and full to recoup the investment over decades or more. Also the volumes and business must have huge diversity as the RD burn is billions / quarter needs decades to recoup. The x86 IDM is a model from the 90s.
A decade ago the costs as well as scale needed was smaller and Intel had scale and leaderships. Missing the mobile and giving up on it and multiple half hearted and failed IFS when they tried were huge strategic missed and they are now beyond recovery.
Today Intel competes with TSMC which is really a collaboration and ecosystem of EDA, IP, tools and customers that drawf anything that Intel can save a few billions nor the CHIPs act can nurture to become really competitive or have scale.
Apple, Nvidia, AMD, Qualcomm, MediaTek and so many others all are part of the ecosystems and customers that feed TSMC to have scale and efficiencies that Intel can’t possibly save or get grants to become relevant
Just 1 and 2 alone could accelerate a lot of progress.
There are so many people sitting at top, doing nothing and just enforcing the government process. You can count on these folks to find every reason to hide behind process.