Here we are on July 1, 2023 and still the company is bloated and has to get rid of 30,000 more people to be even close to competitive.
Why is this taking so long? Everyone knows it is completely demoralizing to the employee base. Productivity is down. Everyone jumping on each other to show how valuable they are.
Cutting needs expertise and political will. Intel's ELT has neither.
Perhaps they should hire an outside management consulting firm.
I wish they'd just open it up for everyone to apply, Manufacturing is over subscribed with people looking to take a cheque and leave.
@1bmv, the fact that they can deny requests means that Intel has actually learned something. During the 2016 ACT no one had the authority to deny requests. If a person accepted vsa or early retirement there was no stopping them. This how the original brain drain happed and Intel has never recovered. You can thank BK for that brilliant piece of management decision making.
I put in the the VSP in Greg L’s org but being told they can deny people. Does it surprise you this is moving at a snails pace? They should take them all and then some!
Intel is the new Motorola....
Beat TSMC by next year lmfao
Only 30K, Sadly that isn’t enough and that is the problem!
By revenue Intel needs/would need to trim 60K or so. But to do that they’d become even more dysfunctional than they are now.
This is going to be a Kodak, BlackBerry, Nokia ending. Many hope for and IBM ending, I don’t think so. Andy and the current BoD have really blown don’t their primary oversight job
CHIPs act will not save Intel and here is why:
Agree with OP... this process should have happened much quicker. Many many more jobs need to be eliminated.
This includes Pat himself.
Waiting for that sweet sweet chips act $ maybe?
OP if you volunteer, we only may need to cut 29,999