I think Intel has no clue yet. Which means that layoffs will be particularly messy, no one will be safe, good performers may easily be gone, decisions will be made on a whim, and then there will be chaos in the wake of a bloodbath. And I’m convinced there is also no master plan behind layoffs but only to signal the market for a total of three minutes that Intel is still viable.
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80%. 8% is for rookies.
8% isn't going to cut it(no pun intended). Needs to be 20-30% with higher proportion being managers.
My sources say 15-20%.
My sources eat, sleep, bark, and po-p for a living.
No, their employer isn’t hiring.
I mean if you look at rev / hc or earnings / hc you might conclude the 8% cut isn't really deep enough.
Benchmark -> miss numbers -> cut heads -> generate new slides -> rinse & repeat.
28% would be a better starting place to achieve a fighting chance.
What’s the source of the 8% number?
It's a nature of the business, nothing new. Anyone who has been around the block knows. Don't hate the player hate the game.