Thread regarding Intel Corp. layoffs

Intel fails in making material strategic change

Intel has been somewhat adept at gross and sweeping hc cuts but when it comes down to actually cutting projects or more importantly changing the process and org structure to set about material change in strategy there seems to be little evidence of positive steps.

Simultaneously developing 18A while sending products to TSMC to manufacture destroying shareholder value and employees at an alarming rate.

The company says that it will all be sorted out in 2025 and 2026. First in 2025 the company will get to cash flow break even and then back to profits when enough volume moves to 18A in 2026.

Running my own numbers I don't see how this is achievable wo major revenue and market share boosts. No guidance yet from the co. On 2025 details so for now we wait...

This.

Came across post at @1gtg+1vClgY1z.

by Anonymous
| 861 views | | 5 replies (last November 25, 2024) | Reply
Post ID: @OP+1vEJ9KXC
Comment! It's anonymous!

5 replies (most recent on top)

EUV in 20 oh 30 !
ELTs can all go away with plenty of shares raided !
Lost contracts and lacked market innovation !
Customers first and thats all of us world PC users !

by Anonymous
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Post ID: @1cws+1vEJ9KXC

Core tenants of Intel management culture are the inability to see when they are wrong and the lack of ethical integrity to admit it if they do realize they were wrong. It is always someone else's fault.

by Anonymous
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Post ID: @1nag+1vEJ9KXC

There is a plan but it assume 18A is on time and demand for products and ASPs go up. Any misteps and there is no room for recovery. It could work out but not my base case.

by Anonymous
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Post ID: @1fns+1vEJ9KXC

There, that's why there's no hope. After the layoffs, all the cuts (mostly in engineering, not management), etc etc the feeling is that nothing has changed, at least not for the better. There's no direction, no plan, no nothing. Just the utmost failure by leadership. The joy of working for a failed company...

by Anonymous
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Post ID: @loz+1vEJ9KXC

We all know that 18A will fail and INTEL will continue using TSMC.
2025/2026 will be when they finally acknowledge this fact.... latest by 2026.
TSMC will already be going to the next node by than.
Once 18A and future development is cancelled, INTEL will actually meet the profit margin targets.

INTEL will survive as a company however the bulk of semiconductor development engineers will be laid off. That is when we need to worry !

by Anonymous
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Post ID: @mkq+1vEJ9KXC

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