Very good article
https://finance.yahoo.com/news/time-face-reality-intel-hp-154906738.html
5 replies (most recent on top)
Great article, doesn't hold back. Small peeve - the McAfee stat is incorrect; Intel sold 51% of McAfee in a $4.2B valuation and kept 49%. At the time, McAfee half-year revenue was $1.1B. In the end, retaining a stake and past revenues still make it a decent deal, not the loss shown in the article. The rest is spot on.
It runs like a a $1.99 "Rolex" from China Town @1dpw.
12K employees that were underperforming? I thought some of that 12K number were all the lucky ERPers. They weren't underperformers, they just had a golden carrot dangled over their heads. I thought ERPers helped those that were involuntarily laid off by reducing the 12K reduction total by the # of ERPers.
The article is very good and not a joke -- for outsiders that are truly curious as to what happened to Intel, this article is a very good summation. Intel is beyond repair in my opinion -- toxic environment is very real and management through fear of layoffs or firing has persisted for so long at Intel that employees have mastered how to do something good enough, but never to take significant risk or be held responsible. Intel claimed to have removed 12K employees in 2016 that were under-performing... so one would think after 2+ years the company should be running like a Swiss clock. What happened?
Good article. He got 1 thing wrong: "s-x with an underling should get a CEO fired. It is, by definition, an unequal relationship".
Appears no one told Dana that BK wasn't a CEO 10 yrs ago when this is rumored to have happened.
Thank you for posting the article.
Split of TMG and divisons will result in layoffs ACTsofr 20-30k, required as this dinasuar is in trouble and heading to Blackberry /Kodak fate more than a HP ending