I don't understand how the upper management can't figure out that you can't keep cutting people and reducing headcount in every way possible (not backfilling positions lost to attrition, for example) and still expect to remain at the top of your game. It simply doesn't work that way. Expect to see their shocked Pikachu faces when the next reorg doesn't improve results again.
20 replies (most recent on top)
So for every one dollar taken in, how many pennies of NET profit ?
Discuss.
Okay boomer... let's put you to bed. It's past your bedtime.
“Developped”? This alone should be grounds for immediate termination, you three-toed, bone 🦴 in the nose, knuckle dragging millennial!
Get rid of all staff and facilities in Ireland and I5R43L, worthless money pits
The Intel 125k employees vs AMD + TSMC 102k employees doesn’t tell the whole store. In 2023 AMD and TSMC had a combined revenue of $93B while Intel had $54B. So with 23k more employees Intel had about half the revenue. Intel revenues will be even worse this year. There’s no question Intel is insanely bloated with countless coasters.
Intel needs real workers, it doesn't need useless managers.
"They need employees, sure.
They just don't need all these boomers."
Agreed 100%!
Bring in the pajama pants YouTube jockeys to save the day!
They need employees, sure.
They just don't need all these boomers.
They need to get rid of a lot of the managers.
A lot of them just hire their friends who don't really do work.
@ieb
I know math is hard for Intel assistant to the deputy marketing managers, but…
Intel has 124800
TSMC+AMD has 76478 + 26000 = 102478
I’ll let you figure out how many more employees Intel has while delivering vastly fewer products.
If you need help, my 3rd grader can help you out with that calculation.
TMSC doesn't design their own chips and AMD doesn't manufacture their own chips. Intel may not need that many employees, but it doesn't need less employees than the other companies.
It's simple they cut the projects entirely
From Stratechery.
Intel ended last year with 124,800 people; to put that in context, TSMC had 76,478 employees and AMD 26,000, which is to say that the two companies combined had fewer employees than Intel while making better x86 chips, an actually competitive GPU, and oh yeah, making chips for everyone else on earth, including Apple and Nvidia. A 15,000 employee cut is both too small and too late.
Tell me again about how we don’t need cuts?
Because MBA and communication major's are in leadership. Pat might be the right ceo but his VP are terrible. They need to purge currently vp and put in senior technical people. If they never code or been part of architecture design, push them out.
Intel has had poor leadership for more than a decade.
Intel needs its employees?
And you will pay them?
Does Intel need the assistant to the deputy regional marketing manager?
There are many such useless political positions at Intel.
They are making the books look good for the bankers and the potential buyers
Have you heard of Capitalism? Profit doesn't require to actually build functional products. In fact, the workers create functional products while management and CEO's try to sacrifice quality in order to cut costs to increase profits. Makes you wonder if profit is even needed at all since corporate profit is after all expenses are paid, even CEO pay, so it doesn't affect wages.
The problem is good employees don't need Intel.
Once the product has been developped, fire people who created it.
When need for a new generation of products, hire new employees or re-hire previous ones.