Thread regarding Intel Corp. layoffs

http://thetechportal.in/2016/04/19/no-job-cuts-india-intel-company-plans-increase-investments-support-digital-india/

http://www.rightsidenews.com/us/economics/intel-will-layoff-12000-american-workers-after-requesting-14523-foreign-workers/

http://www.cnbc.com/2016/04/19/intel-reports-q1-2016-earnings.html

12K jobs, 11% of workforce

"The Milli Vanilli of mobile." you guys crack me up....

damn @cle, you can't be me because I don't write that well. yeah, pretty much nailed it.

You guys are totally wrong... Arduino will save intel !!!!! LOL

Intel isn't dead, it never will be. But as I have been barking for over 10 years the business is a commodity. The microchip, as complicated as it is, has become as ubiquitous as a pencil. Everyone has one and its no big deal.

The problem is that Intel is so stupid they tried to bring PCs to the 3rd world and couldn't give them away. The growth has been mobile since Craig Barrett was CEO. Intel is twenty years late to the party. They burned billions of dollars giving away products to try to get into mobile. Where is that Intel phone? There really was one. Strike one.

Intel is trying to make the next technology node of 10nm with machines that are outdated which in part is resulting in yields that are garbage. Its going to cost a LOT more to make sub 10nm products. And, when is the last time you thought that your PC had hardware related limitations?....1996? People don't need to update/upgrade. And the next generation will be cost prohibitive. Strike two.

Intel is bloated beyond belief. They are choking on middle managers that add no value. Why are there so many of them when the tasks for engineers and technicians are prescribed. They is no leadership required...and believe me, they don't provide any. The fact that they could build a billion dollar fab in AZ and buy back and upgrade one in Israel with no product coming down the pipeline leaves them with huge capital expenses with nothing to offset them. Strike three.

A bonus strike four is the corporate culture from the top down. Brian Krzanich is a HORRRRRRIBLE human being. Having watching him treat people like sh*t when he was a middle manager and get away with it the whole way to the top creates an environment when no one likes or trusts him. Why on earth do you think he had to be two in a box with Renee James to be the CEO?

On a more personal attack...for a man that makes tens of million dollars a year he dresses like a slob. Look at him with heads of state wearing 10 year old DIRTY Rockports and a braided belt...holy cow...what an embarrassment. He also "passionate" about running. Hence the pot belly and turkey neck. No one should ever believe anything this liar says.

Oh I suppose there is a strike 5. IoT. LOL, IoT....look at me mom I've got a Fitbit and a thermostat that can set itself. You know after all these year I knew the two biggest problems I had were not knowing how many steps I took today or the massive inconvenience of changing the thermostat from heat to a/c in the summer. What are Intel's IoT products? Absolutely nothing. When I was still at Intel they put huge stickers on the elevator doors to tout the IoT successes...like the lady they set up a device they would let you know that you left your child on the roof of the car. Now it wouldn't stop you from driving off, but it would let you know....big win there Intel!!! Where can I buy this revolutionary device?

I feel sorry for my friends that are still with Intel as it is starting to die like Motorola did. I suspect there will be a fire sale of business units for the next several years. Off to Etrade I go to bail out the rest of my shares. Sad days.

nko:

We are just reporting what the media is saying. Please don't shoot the messenger.

The Milli Vanilli of mobile.

BK will be wearing a black turtleneck the next time he goes on TV. Does that count?

No nko, the world has changed. ARM on the low end and possibly even a company like D-Wave (http://www.dwavesys.com/) on the high end will eat Intel's lunch. Google is buying D-Wave now. Google is saying they will be moving to ARM. This is not idle speculation but rather what companies are actually doing. The difference between now and 10 years ago: 1) ARM has outdone Intel in standardized/non-proprietary, low power architecture 2) a quantum computer now exists When the world changes it's usually to move around established monopolies like Intel and Microsoft. That is happening now - to both companies. It's sad that Intel is so slow to realize it. Intel needs an entirely new product to reinvent itself - like Steve jobs did with the ipod/phone/pad.

Wall Street hates uncertainty. Apparently, Silicon Valley does, too.

Intel Corp., a longtime leader in supplying chips for personal computers, hasn’t had nearly as much success in mobile devices. That is problematic, particularly as global PC shipments in 2015 suffered one of the worst years on record. They fell another 10% in this year’s first quarter, according to research firm Gartner Inc.

As PCs struggle, other Intel businesses, including high-price chips for data centers, were supposed to ease the pressure. But this business, which accounts for more than half of Intel’s operating profit, also disappointed at the end of last year.

Making matters more complicated, Intel is in the midst of several leadership changes. Chief Executive Brian Krzanich, who took the helm nearly three years ago, has elected to hire more external managers, breaking from Intel’s long-standing tradition of promoting from within.

After hiring one prominent executive from Qualcomm Inc. in November, several executives have since departed, creating more uncertainty. And reports surfaced last week that Intel is considering laying off as many as thousands of employees by year’s end. Intel declined to comment on those reports.

ENLARGE

PHOTO: THE WALL STREET JOURNAL

Altogether, Intel’s stock is down about 10% this year, compared with a small gain for the S&P 500. It has fallen even more since the beginning of 2015. And as Intel gears up to report first-quarter earnings on Tuesday, a quick rebound probably isn’t in the cards.

Advertisement

In Intel’s first quarterly report under a new financial reporting structure, analysts expect earnings of 48 cents a share, up from 41 cents a year earlier. Revenue is estimated to have increased 8% to $13.8 billion.

True, Intel is a big buyer of its own stock and offers a 3.3% dividend yield. But with the PC industry, its biggest revenue driver, in decline, it is tough to see what brings Intel out of its recent rut.

And Intel’s valuation isn’t overly compelling, either. Fetching 13.5 projected earnings over the next 12 months, Intel still trades at a 10% premium to its average multiple over the past five years.

For shareholders, this is too much to process

Anyone care to cut and paste the article, not a WSJ subscriber !

52 week low is 24.87 and intc is at 31 and change .. No wonder '-Jaffa' was fired by INTC

LOL, Intel is not dead. Intel will be fine. You people been saying this garbage for decades.

Sure bubba that is why the stock is trading close to 52 week low..