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Intel plans thousands of job cuts in face of PC slowdown

bloomberg.com

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Re: Intel plans thousands of job cuts in face of PC slowdown

#131

Post by wvenable »

chongli wrote: post #67
disillusioned wrote: post #30

Isn'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…

Completely missed the boat on mobile I think their main error was short-termism. They were addicted to high margin (workstation/server) devices. They had no interest in the low margins of mobile devices. They could not imagine how low-power devices would take over the world.

Which is ironic because it was their low margin desktop products that eventually took over the high margin workstation/server market in the 90's.

Re: Intel plans thousands of job cuts in face of PC slowdown

#132

Post by warner25 »

JoshTriplett wrote: post #86
mort96 wrote: post #50

Earlier quoted context omitted.

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.

> Who bought a laptop because it had an Intel CPU? If you're a Linux user, Intel integrated graphics have always been the most compatible and most well-supported option.

I've seen this come up a few different ways over the past year, and I think I've also read that Intel contributes more to kernel development than any other company. One thing I'm wondering is: how dependent on Intel have desktop Linux distros become?

Re: Intel plans thousands of job cuts in face of PC slowdown

#133

Post by JustSomeNobody »

seydor wrote: post #108

Is big tech intentionally trying to increase unemployment so as to appease the Fed ?

Maybe? Or maybe to give the Right some wins to that Big Corp can beg for some tax-payer funded bailout cash when the looming recession hits.

Re: Intel plans thousands of job cuts in face of PC slowdown

#134

Post by JamesianP »

pantulis wrote: post #78
jrockway wrote: post #58

Earlier quoted context omitted.

> 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?

Nope! They're rewarded for getting slightly higher returns than other funds during the bull market times, despite the disproportionate increase in risk they take on to do it. Everyone is looking at recent trends and almost no one looks tat fundamentals. It's a moral hazard.

Re: Intel plans thousands of job cuts in face of PC slowdown

#135

Post by sidewndr46 »

disillusioned wrote: post #30

Isn'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…

Itanium dates back to 2001. It was "discontinued" in 2020, but as we've learned it was only being continued because HP was footing the bill. It really doesn't have anything to do with Intel's current problems. Intel was basically past the Itanium debacle by 2010.

Re: Intel plans thousands of job cuts in face of PC slowdown

#136

Post by vineyardmike »

jrockway wrote: post #58
hn_throwaway_99 wrote: post #40

Earlier 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!)

Over time, those funds are re-weighted. Unless you bought inte directly, the rewighting should handle it. Unless it fails quickly and spectacularly

Re: Intel plans thousands of job cuts in face of PC slowdown

#137

Post by LegitShady »

throw8383833jj wrote: post #88

TLDR. there's something I don't understand: car companies and everyone else can't seem to get enough Chips and yet Intel is laying off employees?

PC shipment are way down YoY, according to gartner, and people are worrying about inflation and potentially even worse disruptions so they aren't spending money on frivolous things like unnecessary computer upgrades and purchases.

car companies need specific chips for their cars. Intel makes its money selling different chips. Car companies don't want to redesign for different chips all the time.

https://www.gartner.com/en/newsroom/press-releases/2022-10-1...

Re: Intel plans thousands of job cuts in face of PC slowdown

#138

Post by wvenable »

agloeregrets wrote: post #51
Kukumber wrote: post #22

Hopefully for them that includes executives and managers, they are the ones responsible of the death of that company, not the engineers Congrats to Apple and AMD for having done better Microsoft ignoring AMD in their latest Surface lineup is a hint for the people looking for answers

> Microsoft ignoring AMD in their latest Surface lineup is a hint for the people looking for answers I think the entire new surface line-up is a giant conspiracy. The Surface Pro 9 5G has a Qualcomm 8cx Gen 3 with some tweaks called the SQ3. It does not match the performance of 12 Gen intel in a 15w power envelope, which is important because the Surface Pro 9 non-5G (intel) uses an i5-1235u, a 15w chip. But the last…

Microsoft has an exclusivity agreement with Qualcomm that isn't doing them any favors.

Re: Intel plans thousands of job cuts in face of PC slowdown

#139

Post by blackoil »

mort96 wrote: post #50
keepquestioning wrote: post #42

Earlier 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.

It was one of the most successful branding campaigns. It allowed Intel to become the primary brand over the laptop/pc vendors. You can buy Acer/HP/Dell/... Because they are all Intel. Even non tech people understood that and this gave great bargaining power to Intel.
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