Thread regarding Intel Corp. layoffs

There are so many IT layoff this year, how are we all going to find another job especially with China now even producing fab chips/asics.

I know everyone thinks India/Indian's are a big threat and taking over our jobs. Yes, I agree to some point but I think China is stealing our jobs. In order to meet yearly targets, Chinese government is telling companies to set up shop in China to get 10% of the Chinese market. When the company (let's say USAcompanyXYZ) is set up in China, 49% is owned by USAcompanyXYZ and 51% is owned by China government but under a new name China_companyXYZ. Then all the executives of USAcompanyXYZ tell it's employees, they must send over the software code and train the Chinese employees. Once the Chinese are trained, they start designing the software for all new features for the company. They also all work on weekends (and get paid overtime). Now the USAcompanyXYZ don't need as many employees in USA, so they start laying off in high cost areas (like USA). After the layoffs occur and a few months later, China goverenment tells USAcompanyXYZ that it will no longer get 10% of the market share. Perhaps only 2%. So now USAcompanyXYZ is dependent on Chinese workers since they let go most of the experienced USA employees and the Chinese now also have the technology/company software/all the training that was necessare/etc. pretty much for free and now that same technology gets used in China for the Chinese market. Let's say if USAcompanyXYZ wants to catch up, it's too late because the software is already too old after a few months (so many feature enhancements have already been made based on market needs). This is the way China has stolen technology in all sectors: ASIC/Chip design/fabrication, healthcare DNA/genetics, Mobile phones/networks, manufacturing, farming, all IT, even USA real-estate, etc. USA is totally dependent on China. Everything you buy is made in China. Even Boeing recently made a deal with China regarding building/manufacturing airplanes. Now

Boeing is laying off 4000 workers.

Nokia is laying off 15000 workers.

Intel is laying off 12000 workers.

Qualcomm is laying of 5000 workers.

Microsoft laying off 17000 workers.

IBM laying off 14000 workers.

Twitter laying off 400 workers.

Kraft laying of 2600 workers.

Cisco laid off 4000 workers in 2014.

Broadcom laying off 700 workers

Samsung laid off 10000 workers in 2015

Yahoo laid off 1700 workers

Majority of these layoffs are due to China. The Chinese have taught there young folks English (at least how to use the translator), math, and science. The Chinese workers are hungry for IT jobs or any job that pays better then the farming their parents had to do. And USA executives were greedy for a few million that they sold out the USA market. They have their millions and we are out of a job. China wants to control everything. They even want to control the sea. It's really a shame that USA gave away all it's technology for free to China. And now it's too late for us to get in on the race. There is no race, China is way to ahead of us in everything.

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| 1456 views | | 6 replies (last April 29, 2016) | Reply
Post ID: @OP+H9laUI1

6 replies (most recent on top)

i wish i could layoff my dog from crapping in the yard so much

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Post ID: @ffr+H9laUI1

I seen very similar thread and replied there.

Suppose Intel won't hire cheaper workforce and won't reduce cost by moving production and R&D into cheaper GEO, what will quickly happen - it will completely loose competition to companies who did.

You can't really stop globalization and trade.

You do actually benefit from goods price reduction and existence of company that uses cheap workforce and therefore can hire you in USA paying twice as more to people compared to China/India.

Yes, your competitive advantage is decreasing year to year, but you can't really stop it.

India and China can easily build their own industry.

Only chance to invest into process and earn money and get benefits - to collaborate with them.

So find you niche, become a manager/investor/entrepreneur if you can, or compete with other engineers globally.

Latter means compete by both performance and salary

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Post ID: @qqr+H9laUI1

Sounds like a Chinese Government propaganda thread to me.

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Post ID: @lwk+H9laUI1

Put it this way. America has 300 million people, and most of Americans already have comptuers.

China has a billion people, and their middle class is rapidly growing they can afford to buy more things like PCs, phones, internet (servers). The Chinese market is growing, and access to that market is controlled by their government.

It's hard for a lot of proud Americans like you to accept it, but when China becomes the biggest consumer market in the world, there are consequences like these you have to accept. America will no longer be most powerful country in the world in the 21st century, China will control the biggest economic market. You should used to it.

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Post ID: @jcj+H9laUI1

China is 50% of the entire semiconductor market. If they want to control access to their market, why can't they?

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Post ID: @zub+H9laUI1

As things move to Cloud, Chowdhry predicts up to 1/2 million layoffs in Tech in 2016

Global Equities Research’s Trip Chowdhry:

Cisco (CSCO): Total Employees 72,000: about 20% layoffs = about 14,000

EMC: Total Employees: 70,000: Between 15% to 20% layoffs = between 10,000 and 14,000

F5 Networks (FFIV):Total Employees: 4,500: about 10% layoffs = about 450

HP Enterprise (HPE): Total Employees 240,000: about 30% layoffs = about 72,000

HP Inc (HPQ): Total Employees 287,000: about 30% layoffs = about 86,000

IBM (IBM): Total Employees 379,000: about 25% layoffs = about 95,000

Juniper (JNPR): Total Employees 8,800: about 15% layoffs = about 1,300

Microsoft (MSFT): Total Employees 118,000: about 15% layoffs = about 18,000 (Microsoft is letting go about 200 to 250 people every week, and none of these are ever announced)

Network Appliance (NTAP): Total Employees: 12,800: about 15% layoffs= about 1,800

Oracle (ORCL): Total Employees 132,000: about 20% layoffs = about 26,000

Symantec (SYMC): Total Employees: 19,000: about 15% layoffs = about 2,800

VMWare: Total Employees:17,000: Between 10% and 15% layoffs = between 1,700 and 2,500

Yahoo (YHOO): Total Employees 12,500: about 30% layoffs = about 3,500

Yelp (YELP): Total Employees 3,671: about 30% layoffs = about 1,000

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Post ID: @nqi+H9laUI1

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