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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

#33

One 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.

[deleted]

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#34

Am 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?

I think that this is the result of the wider economic turmoil we're experiencing since 2008. The US economy, in theory, is recovering but the biggest player worldwide is Europe and Europe right now can't handle a few hundred thousand immigrants - should be trivial given the available resources. Europe has political midgets in a time when at least mediocre politicians would be needed all over the place (France, Germany, UK, etc.).

So I think it's mainly EUs fault. That said if the US fails to regulate the financial sector in the years to come, we're going to see recurrent financial turmoils until we end up with WW3.

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#35
post #23
post #21

Earlier quoted context omitted.

Just a guess, but tech companies are occasionally release % of their workers to clean its workforce, boost productivity and make space for new, young and experienced engineers. Stagnation and idea depletion is dangerous for tech companies, fresh employees bring fresh ideas and boost competitiveness between workers.

> boost competitiveness between workers. I do not think that this is a good thing...you want collaboration, not politics and back stabbing.

Its corporation. Morals are not really the top priority. The results are.

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#36

Does 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 ?

I don't know about other people, but my next Intel CPU will have AVX-512, which Skylake doesn't have. I'm expecting AVX-512 to (up to) double integer/FPU vector computation capacity.

I also want to see some proof future Intel processors (especially 10nm and smaller) have not lost durability due to electromigration [1] (or some other durability issues small feature size can cause). There's already some indication this might be happening on current Skylake CPUs.

Of course not all workloads will get faster, but it could help with things like parsing (XML, json, etc.), games, media processing, compression, physics simulation, etc. -- or really anything vectorizable that needs to run on CPU for reason or another.

[1]: https://en.wikipedia.org/wiki/Electromigration

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#37

One 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.

News like this out of the blue is strange. I was pretty sure that the post-PC era was a sham. It still is, right?

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#38
I'm not sure how much of an effect this would have, but from a consumer's point of view, there isn't as much of a reason to buy a new PC every few years anymore. The laptop I'm using right now was purchased in 2011, and the prices in stores now are very comparable to what I paid back then. I've made up my mind to buy a new one a few times, but then when I go to the store, it just isn't worth it.

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#39
So Intel is cutting 11% of its workforce, Goldman Sachs just reported a 56% drop in profits, Morgan Stanley had a 50% drop in profits, Netflix missed subscriber growth estimates etc... yet, the Dow just hit a 9-Month high, and the S&P500 is now above 2100.

The whole market is overvalued, not just the tech unicorns.

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