Confirmed by one of my friend, who is currently a VP at Intel. Most of the remaining people will be safe. You heard it here first. Enjoy the coming holidays.
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Your friend VP was just let go! So much…..
Additional layoffs will depend on Q4 earnings and Q1, maybe Q2 projections. These current layoffs are a tourniquet in part of an emergency triage to stop or slow the cash hemorrhaging. If it doesn't work, a 2nd tourniquet might be needed.
What are you smoking. Layoffs will continue as needed for the next several quarters until the company is right sized given the latest revenue numbers and a definitive plan to compete in the markets that make sense.
Nobody knows … the VPs are even aware of what’s going on , they just say yes to everything when it rolls down the hill …
How long before they get even a small whiff of the 10bil savings ? With all the packages given out it may be a good while
I heard another round VSP requests with 2x double packages!
Of course this is fake news. The company is bleeding $1B cash flow every quarter. The layoffs, while significant are not sufficient to stem the bleeding.
Thats rich of course there will be moer layoffs at Intel, frankly a lot more
My manager told me there weren't any coming layoffs a week before this round was announced.
true until Q1-Q2 of 2025
just announced 500 in santa clara
Sure.. no layoffs. Only "Corporate Employment Adjustment" program to accelerate and transform Intel's technological leadership. Nothing to see here folks...
Another Intel lie. Stop the liars !
Don't believe a word of it.
update your resume and start looking for a new job.
Depending on how the Q3 quarterly go. Intel has not reached the bottom yet. It may speed up the sink soon.
When anyone says confirmed on this msg board, they are a utterly clueless id--t and walks into walls regularly.
No layoffs… Maybe. But theyll for sure fire your a-s so they can save a dime. Typical BS
"You heard it here first" aka, this is bul-sh!t... this was confirmed by my friend who is currently an EVP.
This message has so little meaning and is almost laughable. Unless this company can stop the trend it is in, more layoffs are inevitable.
Even if you keep your job, you'll have no raise or bonus and your neighbors will be homeless.
Don’t believe them
Safe till the earnings call
Your OKRs are past due ! More trolls infinity !
You mean safe for this year?