Thread regarding Intel Corp. layoffs

@1vfk+1mwv6VRW TMG and Intel manufacturing is a joke

@1vfk - Well that's not what the vaporware salesman PG is selling. He's selling 5 in 4, beating AMD, TSMC, AND Samsung, and that's just not going to happen. At best IFS will be competing with GF, UMC, etc. as an N-1 second tier foundry. The design teams have also been gutted and are about to be decimated even further, so they best they can hope for is supporting the legacy products you mention, budget PCs, etc. Premium x86 (datacenter, high-end PC) will all go to AMD. What a reversal of roles compared to just 5-7 years ago!!

IFS will be around in one form or another. It's not going to be the bloated structure we see today, but likely much leaner, and focusing on N-1 process nodes. The US government will not allow 100% of CPU manufacturing to be done overseas, so some portion will be in the US (same for Europe). Will Intel become a design house, and outsource manufacturing? Maybe, it just depends on if TMG can get skinny in four years or not (smart money would be against this). Intel x86 is entrenched into too many legacy products, networks, datacenters to be designed out, it will take over a decade for that stuff to be replaced with something else.

Shitel needs to cut several tens of thousands just to start breaking even.

@qng - There's not a 10% chance IFS will be successful, there's not even a 1% chance.

That is a distinct possibility... I think the odds 10% chance IFS moonshot works, 70% chance Intel retrenches to core products and outsources the manufacturing and 20% chance size is cut in half and it just continues to make core products on process notes that are dramatically cut in frequency... (each new node ki-ls Intel due to all the factory pre PRQ and unloading charges... it isn't sustainable).

It sure sounds like PG will burn the company to the ground.

'a potential buyer'... 🤣

New buyers do not have to file a WARN notice or provide Layoff or Separation Deals to the Intel employees that will surely be cut by the tens of thousands... Intel is in a desperate fight for its life and there are not many ways out of the current situation. GLTA.

Bigger layoff hasn't happened yet because it makes more sense for the potential buyers to do it.

It sure would be nice if the company was transparent about the layoffs like the other top US companies...

Revenues were down 36% year over year for latest quarter yet, year over year headcount was up.

This means the headcount cuts in Q4 and Q1 were not even sufficient enough to cover the new hires that the company brought on in 2022 thinking everything was just fine with the PC market.

It doesn't look like Intel is taking the problem very seriously... but who knows there may be massive cuts coming -- I guess we'll know after the fact given the lack of transparency.

https://www.tomshardware.com/news/intel-comments-on-reports-of-new-layoffs-budget-cuts-in-client-cpu-and-data-center-groups