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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

#351

Post by gtirloni »

AaronFriel wrote: post #314
tehnub wrote: post #120

Earlier quoted context omitted.

I don't have any data, but from word of mouth and variously seeing posts and videos online, 12th gen Intel CPUs seem pretty popular for gaming builds. They're winning in benchmarks against 50 series AMD (as they should, being newer), but are also cheaper. I'll be curious to see how 13th gen Intel vs. 70 series AMD plays out. There are always complicating factors, such as motherboards for 70 series AMD being quite pri…

Intel repeated their Prescott (Pentium 4/Pentium D) strategy of completely removing power limitations on their team to beat AMD. As a result, the Intel processors have TDPs and real world power usages >2.5x that of a comparable Ryzen. Sure, they're winning, but at what cost ? The 12900K at 240 watts pulls almost the same power as a 280W 64-core Threadripper. AMD is responding in kind, with new top-end processors pull…

Who cares what a desktop processor plugged to a wall outlet consumes? Seriously, if you care about power consumption, don't buy a K processor.

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

#352

Post by mensetmanusman »

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

It’s usually the fault of the previous generation of managers, hard to tie that together.

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

#353

Post by allisdust »

scarface74 wrote: post #341
shakezula wrote: post #336

Earlier quoted context omitted.

Yes, that’s… why I was upfront about that. The companies range from startups to enterprise, at practically all stages of funding, but they each told me their funding never materialized or investors gave management ultimatums. A few were in crypto, two are in fintech, a few more in various b2b tech companies. But they all gave almost identical explanations: management sees a rough economy ahead and tightened their bel…

And by definition none of them had a profitable business model. The investors were hoping to pawn off their investments to an acquirer or the public markets - ie “the greater fool”. The investors knew they couldn’t find a bigger fool and are left holding the bag. They were “tightening their belt” a profitable company doesn’t have to worry about that.

Even the profitable ones too are under pressure to show YoY and QoQ growth. To make that happen, belt tightening has to happen. So take away is no one is growing or expected to grow in the coming year.

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

#354

Post by jen20 »

gtirloni wrote: post #351
AaronFriel wrote: post #314

Earlier quoted context omitted.

Intel repeated their Prescott (Pentium 4/Pentium D) strategy of completely removing power limitations on their team to beat AMD. As a result, the Intel processors have TDPs and real world power usages >2.5x that of a comparable Ryzen. Sure, they're winning, but at what cost ? The 12900K at 240 watts pulls almost the same power as a 280W 64-core Threadripper. AMD is responding in kind, with new top-end processors pull…

Who cares what a desktop processor plugged to a wall outlet consumes? Seriously, if you care about power consumption, don't buy a K processor.

> Who cares what a desktop processor plugged to a wall outlet consumes?

Anyone without solar panels?

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

#355

Post by shmerl »

AareyBaba wrote: post #332
giantg2 wrote: post #295

Earlier quoted context omitted.

Yeah, but isn't their one year forecast much lower? Not to mention they have a bigger lercentage of business in areas other than PC CPUs, right?

Client/Consumer CPUs(Ryzen) is just one business for AMD. The others are graphics (Radeon), datacenter (EPYC), and embedded (Xilinx, PS & Xbox consoles). The one year forecast will probably have to be adjusted based on current unexpected economic conditions but they will keep growing. What folks don't appreciate is that AMD is on a roll. A clear roadmap and processes in place to execute like clockwork in tandem with…

Steam Deck as well.

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

#356

Post by jen20 »

chrisseaton wrote: post #55
gspencley wrote: post #46

Earlier quoted context omitted.

I don't know a lot of the details, but everything I've heard over the last couple of years indicated that AMD was absolutely crushing Intel. A recent laptop I purchased, as well as the last desktop I put together (~2 years ago) each have Ryzen chips. I forget the details but in addition to performance issues, didn't Intel CPUs also have some major security vulnerabilities? And was it that they were related to instruc…

> I don't know anyone who is buying or recommending Intel CPUs at the moment. Aren’t the major cloud providers still mainly running on and buying Intel?

AWS certainly offer AMD boxes as well (M5a, M6a, T3a etc), but nothing like the broad range of Intels, and not even the same kind of offerings as Graviton.

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

#357

Post by twobitshifter »

ghaff wrote: post #246

PCs? Gamers (and non-Mac high-end desktop performance users) would seem to be a pretty small slice of the pie these days. I have a high-end current M1 laptop but I do a lot of my work on a couple of 7 year old Intel-based desktop/laptop machines which are perfectly fine although they're about to go out of OS support. (Though I'll probably use them for a few more years anyway.) I remember when you wanted a new PC with…

You can edit 4k video on an iPad mini and run CAD software. The things that needed workstations now run on tablets.

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

#358

Post by scarface74 »

allisdust wrote: post #353
scarface74 wrote: post #341

Earlier quoted context omitted.

And by definition none of them had a profitable business model. The investors were hoping to pawn off their investments to an acquirer or the public markets - ie “the greater fool”. The investors knew they couldn’t find a bigger fool and are left holding the bag. They were “tightening their belt” a profitable company doesn’t have to worry about that.

Even the profitable ones too are under pressure to show YoY and QoQ growth. To make that happen, belt tightening has to happen. So take away is no one is growing or expected to grow in the coming year.

The startup I worked for before my current company sold services to health care systems. It was hit hard by Covid. Hospitals were losing money and not paying for new products or even old ones.

My CTO said specifically “we need everyone we have and we aren’t going to be successful by laying off people. We have a vision and we need you all to help execute it”. They were bought out less than 9 months later for 10x revenue. I had moved on to $BigTech by then after leading their “cloud modernization” efforts.

The profitable tech companies are using it as an excuse to get rid of dead weight. No one is going to come after Cook, Jassy or Nadella for short term revenue misses.

Facebook and Google still have founders who own more than 50% of the voting shares. No one can come after them.

You can say a lot about the big 5. But none of them can be accused of short sightedness.

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

#359

Post by tehnub »

AaronFriel wrote: post #314
tehnub wrote: post #120

Earlier quoted context omitted.

I don't have any data, but from word of mouth and variously seeing posts and videos online, 12th gen Intel CPUs seem pretty popular for gaming builds. They're winning in benchmarks against 50 series AMD (as they should, being newer), but are also cheaper. I'll be curious to see how 13th gen Intel vs. 70 series AMD plays out. There are always complicating factors, such as motherboards for 70 series AMD being quite pri…

Intel repeated their Prescott (Pentium 4/Pentium D) strategy of completely removing power limitations on their team to beat AMD. As a result, the Intel processors have TDPs and real world power usages >2.5x that of a comparable Ryzen. Sure, they're winning, but at what cost ? The 12900K at 240 watts pulls almost the same power as a 280W 64-core Threadripper. AMD is responding in kind, with new top-end processors pull…

I'm not sure if the actual differences in energy usage are so clear cut. These charts [0], which account for the 12900K spending less time to accomplish tasks than the 5950X, seem to indicate the disparity isn't so terrible. You can always under-volt too; the 13th gen press release includes charts [1] showing that the 13900k at 65W matches the performance of the 12900K at 241W.

[0]: (Search for "cumulative amount of energy required to perform Blender and x264 and x265 HandBrake workloads") https://www.tomshardware.com/reviews/intel-core-i9-12900k-an...

[1]: https://arstechnica.com/gadgets/2022/09/intels-first-13th-ge...

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

#360

Post by whoIsYou »

AareyBaba wrote: post #332
giantg2 wrote: post #295

Earlier quoted context omitted.

Yeah, but isn't their one year forecast much lower? Not to mention they have a bigger lercentage of business in areas other than PC CPUs, right?

Client/Consumer CPUs(Ryzen) is just one business for AMD. The others are graphics (Radeon), datacenter (EPYC), and embedded (Xilinx, PS & Xbox consoles). The one year forecast will probably have to be adjusted based on current unexpected economic conditions but they will keep growing. What folks don't appreciate is that AMD is on a roll. A clear roadmap and processes in place to execute like clockwork in tandem with…

If they hadn't cut fab R&D years ago to juice profit margins, they wouldn't be in this situation now. I have no reason to believe they will suddenly start acting intelligently or with any real long-term thinking. Most likely it's just about managing the decline at this point (please Pat, prove me wrong)
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