No 10nm. Senior manager is "retiring" in couple weeks. Who is the next target? Front end or back end? Pre or post silicon? When? Any information about the package?
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Updates?
iCDG reduction plan has been in place for a long time. Plan was always that after 7560 is done and released in a product, heavy reductions would take place.
Cut vpg >20% ... just wasting time. Flatten the org, get people to stay more in cubes and work
Confirmed. iCDG, SSG, VPG will be hit hard, among others.
California-based computer chip giant Intel Corp., one of New Mexico's largest employers, is cutting dozens of workers across each of its three Silicon Valley locations, according to reporting from the Silicon Valley Business Journal. The layoffs are expected to begin June 30.
“Intel has decided to reduce its workforce by laying off approximately 65 employees at its facilities,” Intel executive John McKimmey wrote in a recent filing with California's state employment office. “Additional benefits including payment based on years of service and career transition service will also be offered to employees in exchange for a standard release agreement.”
But those cuts are not expected to make their way to Intel's Rio Rancho operation, according to Intel spokeswoman Linda Qian.
"No," Qian said, when asked if jobs at the Rio Rancho facility were subject to the latest round of cuts.
The Rio Rancho plant has faced job declines in the past. In April of 2017, Intel reported to Sandoval County that it employed 700 fewer than it did a year before, according to previous Business First reporting, though the report indicates that half of those retired.
This year's report to Sandoval County indicates Intel employs over 1,100 individuals and that the average annual compensation is more than $145,000. It also says Rio Rancho's plant hired 30 new employees in 2017, with 77 percent of those being New Mexico residents. Qian said in April that the local hiring increase was "a really good sign for the site."
The company had nine job openings, including one internship, posted for Rio Rancho as of Wednesday.
In April 2016, Intel announced a companywide restructuring plan that brought expected global job losses of 12,000.
Rio Rancho's facility employed around 1,900 in April 2016 and up to 3,200 in 2013, according to previous Business First reporting.
In the past, Rio Rancho's facility has been hit harder than other sites when it comes to job losses, Business First reporting in spring 2017 revealed. While Intel facilities in other U.S. cities saw single-digit percentage workforce losses, Intel Rio Rancho faced a loss of 37 percent of its workforce in 2016.
Does PCSD still report up thru PEG? I never understood that.
Heard some rumors in iCDG that there might be some general cost cutting trickle-down, and the "10%" number was mentioned. :-(
Wow! This sounds like some much needed good news!