Thread regarding Intel Corp. layoffs

Pat Gelsinger should take a paycut.

Pat Gelsinger should take a pay cut himself. He has already accumulated enough shares. If he believes in the turn-around plan, that is enough reward already.

He also needs to be prudent with his words. To continuously mis-judge the situations is not acceptable.

He needs to be realistic. There is no point to building factories around the globe if you cannot fill them. The money spent could be used to accelerate AI chip development to compete with Nvidia. Intel should be become a agile company that can catch up market opportunities quickly.

I also don't get why there are reports saying Falcon Shore is going to be sourced from TSMC when at the same time, IFS is looking for clients to use their 18A.

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| 1251 views | | 11 replies (last August 4, 2024) | Reply
Post ID: @OP+1tPKJFDi

11 replies (most recent on top)

PG: Sorry kids, I know you're going hungry and I'm gonna kick a few of you out of the house. But in this house, Papa eats first.

Extremely hilarious and tone deaf for Pat to call Intel a "family."

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Post ID: @1aka+1tPKJFDi

They had ~half their RSUs sold after vest to cover for taxes, just like the rest of us...

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Post ID: @gvu+1tPKJFDi

@jwr+1tPKJFDi

How is that legal? Isn’t that insider trading?

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Post ID: @xuy+1tPKJFDi

PG and DZ are laughing their way to the bank. Dumped RSUs right before earnings. And folks think they care a hoot….
https://www.sec.gov/Archives/edgar/data/50863/000112760224021499/xslF345X05/form4.xml
https://www.sec.gov/Archives/edgar/data/50863/000112760224021508/xslF345X05/form4.xml

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Post ID: @jwr+1tPKJFDi

He won’t.

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Post ID: @mtu+1tPKJFDi

Yes but he won’t. There will be some starving person in all of this. Who loses it all. Super depression dirty and out in the cold. He could save them with such a cut. It’s really nothing to him but life changing to them. But he won’t. He really behind it all doesn’t give a sh-t about the individuals. But pretends too which makes it worse and more evil

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Post ID: @rgm+1tPKJFDi

Intel and “agile” don’t go together.
People think it takes 5 years to build a CPU.
This is ludicrously slow compared to the competition knocking out clean sheet designs in 2-3 years.
Intel is a dinosaur.

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Post ID: @nxa+1tPKJFDi

Technically PG and senior executives took a huge pay cut as of Friday's stock collapse. The bulk of their compensation is in stock. The stock price won't be coming back any time soon and probably even has more downside in the future. The stock is down nearly a third just over the past 5 days.

Couldn't happen to a more deserving group IMHO.

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Post ID: @zwq+1tPKJFDi

I feel he is too soft. If you cannot fire people, you should not be the CEO. I don't understand how he did not see the organisation is bloated earlier when comparing to other companies in the sector.

I also feel he did not manage Intel's assets prudently:

  1. IPO Mobileye at low value.
  2. RISC-V initiative and exited
  3. Massive hiring in the beginning
  4. Failed acquisition of Tower Semi
  5. Simultaneously started fab constructions around the globe in a high interest rate environment without knowing future demands.
  6. Exited business units without considering their AI relevancies.
  7. He mentioned about Intel missed the mobile opportunity. But under his control, he missed the AI opportunity in a significant way.
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Post ID: @zih+1tPKJFDi

Spot on @qkz. All the leaders who kept on hiring instead of improving productivity of their employee and resulted in the bloat should be held accountable.

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Post ID: @xna+1tPKJFDi

Not ONLY does he need to take a pay cut , he needs to hold some staff accountable and fire them … there is no fear at all internally , the leadership have almost ki-led the company and I want to see firings that support that failure. Not just payoffs !

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Post ID: @qkz+1tPKJFDi

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