I’m no math genius but Intel’s press release says both 15% and 15k employees affected. Does Intel not know how many employees they have ?
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Is PSG included ?
Where did you get the 134k employee number? Look at page 8 of the earnings report pdf from intc.com. It has a breakdown of the Intel employee numbers. Not counting subsidiaries or NAND, Intel had 111.4k employees at the end of Q1-24. Subtract the 8% that took VSP and left as of yesterday 7/31 and it leaves you with ~102k. This is the starting point for the >15% announcement today. The total number should end up to be in the 85-90k range by the of 2024.
Learn from Elon Musk? He has driven that company into the ground
To be honest, 15% off cut won't save a bit for this company.... Learn from Elon Musk... this was some news one and half years ago: "Elon Musk says he’s cut about 80% of Twitter’s staff".
look at the stock price and the current trajectory of intel
whatever happens the current situation has to change
sounds like he is giving himself wiggle room or room to grow the number
In the employee email he said 15%, in the earnings call he said "greater than 15% and then in the ACM he said "around 15%."
Truth & Transparency? WHERE???
FIRE THAT BOZO!