Let's track act layoffs here. Intel will not give us the big picture
17 replies (most recent on top)
DCG is $200M in the hole and they are cutting programs left & right. 20% of our team has been cut few months ago. DCG has been a mess for the past couple of years
@1eqi - revenue and net profit are not the same. Intel doesn't get to pocket 60 billion per year hope you didn't forget that
We have about 30billion debt but our revenue is about 60billion. No biggie. Debt to equity ratio drop from 2014 to 2015, and from 2015 to 2016. Again no biggie! When you are a 60billion usd per year revenue behemoth, there is huge amounts of room to maneuver. Intel's numerous drinking, partying sessions on Intel expense continues.
@imb every company has debt. Intel's is just under 30 billion as of late. Look it up before commenting.
Doesn't mean intel is in the red for that. Thy have enormous profits.
Ouch where are you getting 31 billion in the red? Cash flow looked good 2016.
It's not ACT because no packages will be offered. They are in the red over 31 Billion dollars so the package days are over with. Yes, there have always been performance based headcount cuts at Intel.
@rfs- so under your theory they better fudge Q1 earnings numbers to not rock the boat?
-twg
Good pt! More people will lose jobs this spring no doubt. Question is only who and where?
It is not ACT2. When ACT was announced April last year it was already mentioned that it was for 2016-17.
Stupid ACT nonsense. There have been performance based layoffs EVERY year. But now, suddenly, you people are noticing it and calling it ACT? Did you sleep through all of your years at Intel?
2012 performance based layoffs.
2013 performance based layoffs
2014 performance based layoffs
2015 performance based layoffs
2016 ACT
2017 performance based layoffs OH NO IT IS ACT2!!!!
Confirmed reports of layoffs in groups of 50-60 people @ several sites.
ACT2 is on-going ...
@aqq not if you're signaling that the business and strategy are off track and there's risk of not meeting revenue target you sheet head.
Haha... fake commenter @hwp
This will span across a few months across all organizations so it doesn't rock the investors boat.
Haha ... fake news
50 Job losses in Swindon
SMG layoffs