I really hope this is not going to affect their already ever lagging release schedule. If I'm not getting Kaby Lake Q3 this year as promised I will be severely disappointed.
Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
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Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#12Holy bloodbath.. From CNBC: > Shares of Intel were halted after the bell Tuesday as Intel announced it would cut 12,000 jobs, or 11 percent of its workforce > The technology company also said the CFO would step down
From CNBC:
"The technology company also said the chief financial officer Stacy Smith would leave that role to lead sales."
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#13[deleted]
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#14Does anyone working within Intel know the reasoning ?
It seems skylake is doing really well.
Is it mostly electrical engineers working on the processors or sales and marketing people ?
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#15Am I the only one with a sinking, gut instinct, that this is indicative of a deeper problem in the economy? It feels like a crash is lurking... Maybe I'm just paranoid?
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#16Almost exactly decimation.
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#17How competitive is Intel in mobile chips these days, have they been improving?
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#18Am I the only one with a sinking, gut instinct, that this is indicative of a deeper problem in the economy? It feels like a crash is lurking... Maybe I'm just paranoid?
Some of my friends expressed similar concerns, for what it's worth.
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#19I wonder if this is related at all to the Altera acquisition, and how many of those employees will be affected. Intel had to give up a lot of cash, and take on quite a few redundant employees…
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#20One must understand that this is re-structuring. Intel is probably letting go of some divisions it no longer intends to pursue. In the not-so-distant past, Microsoft did an internal re-structuring when Satya Nadella became the CEO. It isn't as bad as it is portrayed to be as most people end up getting re-hired in other groups or take the severance and join a new company.