Thread regarding Intel Corp. layoffs

The stock is finally doing something. I'm very happy about that.

In Q3 Intel posted a monster EPS increase (rough calculation 60%). Revenue grew 2% indicating a major source EPS growth coming from expense reduction. Of course Wall Street loves the results; however, can someone point to a company who's long-term success was based on cost cutting and not revenue growth?

Wait till next year 😂🤣😉

There's no exuberance from the employee since we don't own much stock. But we know the sky is not falling. The trolls constantly predicting 20% to 30% layoffs can maybe take a break? What difference does it make to you whether that happens or not. What will happen will happen. You guys have made enough predictions. We get it. Intel can go out of business in the long run, but you can say that about any other company. Give this board a break and let other people share meaningful info when they have such info to share.

@fkn - Analysts have explicitly praised Intel's cost cutting and control measures. It's not that anybody is smarter here, the analysts themselves declared why they raised INTC's price target.

@fym - Clearly it is you who are retarded or lacking in reading comprehension. "Perception of cost reduction" --> analysts and investors just see reduced costs and don't necessarily care where it's coming from. As long as it helps the bottom line it's all good.

@fqr - They won't cut 30K in one fell swoop. They've learned from the bad press received during and after ACT. It will be a clip of about 10K per year and spread out over the year. So it will be hardly noticeable, as it has been throughout 2017. This will be combined with hiring of cheap G5-G7 URMs, RCGs, L1s/H1Bs and additional shipping of jobs to low cost geos. The main objective is to reduce costs by any means necessary, primary targets are overpaid, long in grade G8/G9, maybe even G7s. G10 and above will generally not be touched as they are sacred cows. This company doesn't have a future for most beyond G7, try to milk it for as long as you can, then GTFO quickly before you get canned. Retiring at Intel is a pipe dream for anybody below age 50.

How the fck are stealth layoffs supposed to drive the stock price if, by definition, they are not announced? How freakishly retarded are some of the people here?

OP is 100% right on the money.

1 reason for the artificial stock price increase is the perception of cost reduction. Stealth layoffs clearly won't stop as they are driving the stock price. If anything, they will accelerate. Expect the same kind of constant layoffs we've seen this year to continue until 2020 at least. There will be no previous warnings and packages will be minimal to nonexistent. Employees will live in constant fear and looking over their shoulder in order to "drive" performance and productivity. This has been BK's plan all along as he is nothing more than a fab monkey slave driver.

Analysts look for near term opportunities and risks - a few quarters or at most a year out. Also what is good for the stock price may not be good for rank and file employees. Layoffs and wage freezes make the balance sheet better. No one is trying to guess long term viability. Intel is still the titanic and no amount of near term actions will stop it from sinking. It will just take time or a board with the backbone to break up the company and split off tmg. Not likely. Still intel makes lots of money per qtr and pays a dividend.

Lol; if 30K employees were cut that means some business has to be shut down. not across the board. at this point I doubt that to happen, unless there's a more real threats from AMD and other server system companies that may grab the market share from Intel. I doubt that would happen any immediate term. So at least I can say Intel is doing OK so far.

Funny how people on this site think they are smarter than all the analysts and know better what drove the stock price.

Rough translation for emoji. You are f---ed

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