Thread regarding Intel Corp. layoffs

Here is a list I found elsewhere (add the word AND as if Pat was describing these)

• Can't win over AMD, Nvidia, Apple, Broadcom as fab customers

AND

• Fab cancellations and delays, wasting a ton of money

AND

• Not hiring the right people to steer Intel's internal fab culture to external quick enough

AND

• Not simplifying product roadmap. No one knows what the lake code names are. Expect 30% of roadmap to get cancelled. 30% get delayed. 30% switch node tech. Compare this to the simplified AMD roadmap, which is easy to understand and makes sense.

AND

• Didn't stop paying dividends until August 2024

AND

• He cut fab funding to pay dividends in 2022

AND

• Didn't see that Intel was swimming na--d during the covid bo-m and that after the bo-m, Intel would be in huge trouble due to inferior products

AND

• He hired 20% more workers since he joined but 54% less revenue

AND

• Intel still has more employees in 2024 than in 2019. Instead of trimming fat, he added more fat.

AND..

Here are a list of reasons why the board may have made their decision to boot Pat:

1/ 18A is off track, delayed from original Pat commit and/or not yielding
2/ Stock price massive decline
3/ Pat may have refused to consider outside offers to break up the company
4/ The board may have grown tried of Pat's boasting and delivering poor results
5/ Board may not have like the over hiring and the big surprise last quarter result
6/ Board may be under heavy pressure from Congress who is probably not happy with Intel firing 15,000 people after taking the tax breaks grift.
7/ Or maybe the BOD got tired of being talked down to every time they raised important questions.

He needs to stfu and fade away. His legacy is sh-t and his opinion is worthless

Pat spent tens of billions to back the company into a low margin low value corner of the market (Foundry) where there are only 4 customers large enough to drive the leading nodes - AAPL, AMD, QCOM and NVDA. For all the incessant talk of "whales" for years now, there have only been a few science experiments with AMZN, MSFT, Ericsson that will not fill a fab, let alone pay for all the billions spent on fabs.

And on top of that Pat insulted most of the Big 4 ("AAPL is a mere lifestyle company", "AMD is in rearview mirror", "NVDA is just lucky"). For all the blather about his supposed technical chops, he had lousy business instincts, probably only Otellini being marginally worse.

From all appearances Pat was pushed out because he repeatedly made statements to customers which were not true, describing capabilities which the company could not deliver.

The debacle over Gaudi is another example where he seemed to be using magical thinking as to what the company could do.

He also did some damage to the longstanding TSMC relationship for no good reason other than to align the company with the administration while trying to get corporate welfare.

Add to that the out of control spending and headcount associated with process and product development, as if the payback would be immediate. That was financial malpractice, and Dave should have also been fired for that.

Did you have a look at the stock? Do you remember the pay decrease? When they reduced sabbatical? When more than half of the technically competent people left? The fact that Intel is now effectively 2 (failed) companies that can't talk to each other? The terrible roadmap? That's all on Pat. He should had been out quite some time ago. It's not 18A, it's the wide and deep damage he's done to the company.

Pat's sudden ousting indicate the risk of the imminent calamity and Pat's posting of praying for all Intel employees afterwards confirms its scale and inevitability.