As long as the main focus is reducing costs instead of innovation or finding other sustainable ways to increase profit, Intel will continue to lag behind its competitors. Layoffs hurt institutional knowledge which is desperately needed if we want to find our way back to the top. Sadly, I don't think that'll be happening any time soon.
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The fellows su-k ar-e: it goes from the top down.
Probably it is the "tribal knowledge" that is holding Intel back?
If the knowledge is so worthy, why is Intel behind all its peers?
Manufacturing techniques, photo lithography knowledge, chemistry quirks, general process knowledge, tooling behavior knowledge, tribal knowledge of process techs and leads, automation knowledge, the myriad of in-house systems require in-house knowledge, industry knowledge to navigate the market... it's literally all over the place.
Such is the nature of long lived companies.
@yxa+1trIgvrt I'm curious what you consider high cost in this context. Are we talking about people making more than 100k, 200k, 300k?
Cheers.
Many people need to be laid off..those who are at higher grades and not doing justice to the grade.
Quality matters. Not quantity. Agree 100%.
There are teams with a handful of people working on billions businesses.
And no they’re not posted as Billion Dollar Influencer Manager on LinkedIn hahaha
'I'd argue we need to get rid of "institutional knowledge" if we want to revamp the company."
What knowledge and for that matter what integrity?
Quality matters. Not quantity.
What Intel has in its Employees is quantity. If they have quality, they wouldn't have missed every single product and process milestone for the last 10 years.
Lack of focus on cost is what has brought Intel here. Cost is not just about how much is being spent. It is also about bang for buck.
Intel needs to do a lot there.
“Institutional knowledge”
I'd argue we need to get rid of "institutional knowledge" if we want to revamp the company.
Bean counters being bean counters
Layoff all high cost employees and hire back at much lower cost if they want to accept that.
Intel will never be be competitive with costs far higher than our competitors. The trick is somehow keeping the best people.
Having a lot of over priced people is the result of bad bean counting decisions in the past. A long time ago Intel decided to get rid of highly compensated experienced and skilled employees with 2 or 3 RCGs or less experienced people from low cost geos. Now many years later all those low cost replacements have been around for years and have accrued large compensation packages. They still aren’t as good as the experienced people they replaced so more are still needed to get the job done at a lower quality. There isn’t an aspect of Intels business that isn’t under pressure from products under performing to trailing process technology to slowing sales to too many head count to too much spending. If PG can really fix this then he is a genius but that isn’t my perception.
“Institutional knowledge”
How to get half the work done with 4 times the people.
Gimme a break.
Layoffs are required.
intel has way too many employees
we know what needs to happen
also break up intel into parts