Thread regarding Intel Corp. layoffs

The strategy is "survival" as technology shifts to less hardware and the average consumer says good bye to the pc. Mergers and acquisitions will be the way to sustain themselves for a bit longer until and if tech companies are able to redefine their futures. Microsoft has as you know and Amazon is leading the pack in the way tech works as a whole.

Every tech company is facing this same reality if you haven't noticed on the rest of every other tech layoff page. Sad state and many many jobs will be lost as a result. It will impact graduates and universities with STEM programs as well. This is a huge deal.

I basicly agree, lots of jobs require 2 or 4 yr average degree, these should be casual/contract jobs. Do the work shut up, here is 70k a year. 5% of these ppl make it to professional level.

No prof staff unless tier 1 school with Masters or higher source recurit on a global basis, 75% either move up or out. It's the Google, FB and other model, it has to be ruthless you better be brillant or get out. Don't bring your ex spouse or kids issue drugs to work. Take 90 days off fix your life I need you to produce not be your social worker

@smq, the top 1000 people would make 2mm a year everyone else average wages. Very few people above 45 years old. This works since Intel is basicly a high end factory. You need small group for new products. It's where America is going, and it's not fun for most of us

Intel is way too big, most people over paid by 25%

High level fire 30% of staff, most people have average jobs with average skills

Cut salaries 20%, pay top performers 50 to 100% bonuses no more than 7% of staff

Move 70% of jobs to Asia Malysia, India US staff must work rotate thru India to get promoted

Bring average age in company to 34 max

We need a high level of meritocracy ps this is GS, McKinsey model and it works you basicly have 3 year contractrenewing contracts