Thread regarding Intel Corp. layoffs

Intel just completed its largest layoff in history as a part of restructuring, then did nothing.

Was that the plan? To just reduce headcount? To damn those of us who stayed with so much work we have to quit? Now I get to cover 3 engineering jobs and I'm already meeting with my boss to get my LDO! This was the plan???

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| 2061 views | | 12 replies (last November 21, 2024) | Reply
Post ID: @OP+1vzvpQk7

12 replies (most recent on top)

It may be tempting to keep your head down but it's always easier to find a job while you still have one. So even if the job market is not great for your skill set, you can practice getting your various resumes together, doing interviews, finding ways to talk about your accomplishments. Don't wait until you're laid off. Or even if you don't get laid off, your mental health is important.

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Post ID: @2har+1vzvpQk7

What are you expecting? McKinsey and Bain only know one solution to every problem.

Lay off the rank and file. They don't actually fix anything.

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Post ID: @1qwp+1vzvpQk7

My org got done laying off people, and then said they had to hire back up to some set headcount level.

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Post ID: @1kds+1vzvpQk7

The fact that no restructuring or reorganization is happening suggests that management really didn't have a plan before starting down this path. The job market is tight for skilled workers. If you still happen to have a job I would keep my head down and just do the work. Focus on gaining experience and leave when the job market gets better. It could be a couple of years. A sh!tty job is still better than no job.

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Post ID: @1wup+1vzvpQk7

Sounds like an opportunity to learn and to expand your presence.

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Post ID: @1kxt+1vzvpQk7

Stay and work your a-s off. I am outside looking for software job. It is sloooooowwwww now.

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Post ID: @1xhz+1vzvpQk7

Somewhere between most and all of the line workers are interchangeable with new hires, and the company wants to improve the cost structure by moving more roles to RCG, H1B or offshore.

That's why they usually do enhanced retirement, to encourage the highest paid to leave. It also can be helpful in those rare cases where upper mgt wants to change how things are done. Not a perfect way to achieve change but the company has done this for decades.

All this is not the same thing as making hard decisions about what the company should and should not be doing. In many cases it appears to be a backdoor way of stopping activity, by removing so many resources that the effort can no longer be supported.

I am not saying this is all awesome. Just observing how the culture has worked over the decades.

I think the root issue is that the company was wildly successful for about a decade in the 1990s, after almost going BK making memory chips. They still seem to think that they should build excess capacity in case they somehow manage to have another hit product.

This is wiping out the value of the enterprise over time. Lot a lot of room left for them to continue to make the same mistake.

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Post ID: @1kus+1vzvpQk7

At least you still have a job .
Those without are in worse shape especially with the tech downturn.

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Post ID: @qvw+1vzvpQk7

"Was that the plan? To just reduce headcount? To damn those of us who stayed with so much work we have to quit? Now I get to cover 3 engineering jobs and I'm already meeting with my boss to get my LDO! This was the plan???"

Yes. That was the plan. What else would you expect from this group of "leaders"?

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Post ID: @uzm+1vzvpQk7

Why do you still work for failing coporation when they get rid of 20k of workers to give more compensations to someone else? You are expected to get more works from layoff people without any rise or bonus of cost cutting from them. Stop working and just leave to somewhere else. Let the id--ts handle more work loads.

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Post ID: @wsk+1vzvpQk7

We had 2 people leave but it feels like 5 because the rest are incompetent

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Post ID: @pbn+1vzvpQk7

Same here. Everyone in my group retired, except me, but all the work still remains. It's a headless chicken.

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Post ID: @jqw+1vzvpQk7

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