I think if there's any time Apple would switch to their own ARM designed chips for Macs, it's now. This along with Intel slowing down from their Tick-Tock schedule will probably do it.
Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
41–50 of 531 posts
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#42Does 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 would bet they want restructure so they can do more stock buybacks...
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#43Does 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 ?
My bet is on falling PC sales. I'm surprised this didn't happen earlier, to be honest.
PC sales by year: http://i.imgur.com/IxSo1oy.png
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#44One 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]
And a voice of stupidity replying to the voice of reason comment.
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#45So 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.
You understand nothing about the markets or the stock market. But like everyone else here on HackerNews you think you are knowledgeable in all things.
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#46One 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.
and I am not down-voting you, I am re-structuring your karma.
Yes, this may be good for the future of Intel or the employees losing their jobs... but right now, 12000 people are having their lives affected in drastic, unexpected ways.
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#47I 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.
Kaby Lake in itself is already a disappointment. Intel must have lots of problems with 10nm production if they're willing to slip a full product generation.
I wouldn't call it a disappointment. It will add native USB 3.1 (Type-C) support which is major thing for me, considering that USB Type-C is projected to become the most popular socket in the history of humanity. Also: support of Intel Optane (https://en.wikipedia.org/wiki/3D_XPoint), Thunderbolt 3, HEVC, etc (https://en.wikipedia.org/wiki/Kaby_Lake).
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#48Almost exactly decimation.
Closer to nonation, technically, but decimation is the word everyone already knows.
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#49One 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?
How much of your time is now on a mobile that used to be on a desktop? Their core business is drying up.
Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight
#50- Cuts outlook: sees revenue up mid-single digits, down from prior outlook of mid- to high-single digits
- Also cuts full year margin guidance, sees 62% down from 63% before
- Generated $4 BN in cash from operations, of which it spent $1.2 BN on dividends, $793MM for buybacks and saved the rest for severance
- Notable difference in GAAP vs non-GAAP: GAAP Net Income: $2.046BN (missing expectations), non-GAAP Net Income: $2.629BN