In the beginning of this Charlie Foxtrot, I read that we were canning 15%, but all the media keeps saying 15k. Before layoffs began, we had approx 130,000 employees - 15% of 130k is 19,500. That's a difference of 4,500 jobs which is pretty significant. You know, j/s.
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Journalists can't do basic math let alone get the details of a story correct.
Doing % requires flops if only we could do flops :(
Yep. Marketing and messaging (%} over substance (#). That is Intel through and through.
This is why they stuck to% vs numbet.
Based on the headcount data in the Q2 earnings report, as of 6/29/24 Intel overall had 125.3K employees but this is the sum of Intel: 116.5k, Mobileye and other subsidiaries: 5.3k, and NAND: 3.5k. So when the workforce reduction of ~15% was announced during the Q2 earnings call Intel would have had around 116.5k employees so 15% would be ~17.5k. The media did their usual ballpark estimate.
It's always been 15%. The media rounded the numbers and said about 100k employees, so 15k people.
I’d wager it ends up being higher than 15%. My group alone was more like 30% and that’s just from what I can suss out for cuts, could be worse.
I worked in group that wouldn't share any details, as in either the number or percentage of people impacted. Matter of fact they don't even share names... you only find out through grape vine or when you look for assistance and find out that resource is gone.
Hard to tell. I work in a low-cost geo. The total reduction is around 10%.