Wouldn't be surprised if data center is already overtaking the PC chip market.
But it doesn't look good for Intel on that front either.
Intel plans thousands of job cuts in face of PC slowdown
71–80 of 484 posts
Re: Intel plans thousands of job cuts in face of PC slowdown
#72Earlier quoted context omitted.
I think they are talking about the previous captain that pointed them at the iceberg.
Brian Krzanich was cancelled/fired for sleeping with a coworker, so the then-CFO Bob Swan was made CEO after Intel tried to hire "externally" for a year or so. After MBA'fying Intel for a couple of years, he left to a16z, a perfect place for people like him. Pat Gelsinger then joined, probably too late, to try to steer the ship back in the right direction. Intel as an organization is finished. (I worked at Intel for…
It's a little sad to hear that from multiple former Intel employees at multiple levels. They're all tremendously down on Intel. Maybe there's a bit of "refugee bias"? I really do hope Pat Gelsinger pulls through and defies our pessimism.
Re: Intel plans thousands of job cuts in face of PC slowdown
#73Isn't this just a culmination of nearly a decade of unforced errors and mismanaged strategy? I'm a complete outsider but I see a couple of fundamental huge misses by Intel over the past 10 or so years: 1) Completely missed the boat on mobile. Their ARM-competitive chips (Atom, etc.)... weren't. Missed on every measure from power to performance. Let Qualcomm and Samsung eat their lunch. 2) Missed too many ticks and re…
> unforced errors and mismanaged
No. Managing innovation at the scale of Intel is a challenge. And their customer base (PCs and servers) is shrinking. Also, this is only like 15% of the workforce. Which is only 5% more than a typical culling.
Re: Intel plans thousands of job cuts in face of PC slowdown
#74Earlier quoted context omitted.
"Intel Inside" worked..
I wonder if it did? Who bought a laptop because it had an Intel CPU? I know I always bought Intel laptops because Intel laptops were the only things available, not because I have some high view of Intel as a brand. I imagine the vast majority of laptop buyers wouldn't even know what an Intel is.
Intel marketing is NOT aimed at customers. It’s aimed at Dell and HP et al.
Re: Intel plans thousands of job cuts in face of PC slowdown
#75I’ve been through two layoffs at tech companies - one of 14,000 and one of 15,000. One touched a lot of teams including my own. The second was mostly smoke and mirrors - they took multiple factories and supply chain employees and sold them or outsourced them to a company that picked up the payroll for those employees. Only a handful of roles were truly culled. The announcement of the layoffs was theatre for Wall Stre…
Sorry, care to explain why did you mention Wall Street in your post? What does it signify?
> The announcement of the layoffs was theatre for Wall Street.
I'm interpreting this as "the (publicly-traded) company used a layoff announcement to appease investors and show them that executive management is taking steps to ensure the company operates more efficiently, thereby keeping it within the good graces of these investors/hedge-fund managers/etc".
Re: Intel plans thousands of job cuts in face of PC slowdown
#76Earlier quoted context omitted.
"Intel Inside" worked..
I wonder if it did? Who bought a laptop because it had an Intel CPU? I know I always bought Intel laptops because Intel laptops were the only things available, not because I have some high view of Intel as a brand. I imagine the vast majority of laptop buyers wouldn't even know what an Intel is.
For what it's worth, the laptop I currently use for work I requested a few years ago specifically because it had an Intel CPU – not necessarily because of performance (though that was a factor) but also I know how to get important performance counters out of it for diagnosing performance issues. I don't know if I'd make the same judgment today, though.
Re: Intel plans thousands of job cuts in face of PC slowdown
#77I love how the PC market slowdown is being headlined as causal when Intel has clearly done this to themselves. Maybe if Apple's products were still "Intel Inside" Intel wouldn't be in this position.
And ‘people not at home’? What does that even mean? People take their laptops to coffee shops? But so what?
There was a huge surge of people buying new gear to outfit home offices for WFH. That's over now. Not everyone is back in the office fulltime (obviously), but we'e not out rushing to buy new stuff when we just did all that not too long ago.
Re: Intel plans thousands of job cuts in face of PC slowdown
#78Earlier quoted context omitted.
> It's absolutely incredible to watch these formerly phenomenally innovative companies falter at that very core competency of staying cutting edge but we see it happen over and over again. To be frank, I think that's a great thing. I don't want companies to stay giant in perpetuity, I think it's great that they are essentially "recycled" when new, better companies come along and eat their lunch. If anything I think i…
> I think it's great that they are essentially "recycled" when new, better companies come along and eat their lunch. Don't you have on the order of tens of thousands of dollars invested in Intel through retirement savings, though? When S&P 500 companies fail, your retirement savings become worthless. (Apple is really the one you want to watch out for, though!)
Not a US citizen, but aren't the retirement funds managed by someone who should be held responsible for not diversifying?
Re: Intel plans thousands of job cuts in face of PC slowdown
#79I love how the PC market slowdown is being headlined as causal when Intel has clearly done this to themselves. Maybe if Apple's products were still "Intel Inside" Intel wouldn't be in this position.
I asked an Intel chip designer more than 10 years ago why they were not prioritizing mobile chips. He didn't have a good answer. It has been obvious for so long that everything was moving to phones, tablets, etc. The fact that Intel has no foot at all in that door is astonishing to me.
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Re: Intel plans thousands of job cuts in face of PC slowdown
#80Can't read the article, but for context Intel's share price never recovered from the "dot com" bubble of 2000: https://www.tradingview.com/chart/?symbol=INTC It's one of a few large companies with that distinction. Shares now offer a (relatively) regal 5.3% dividend yield and a price/earnings ratio just above 5. Of course, as profits dwindle, both metrics will be recalibrated downward. This seems relevant because dur…
> It's one of a few large companies with that distinction
Because the rest went bankrupt.