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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

#461

Post by hbrn »

coryfklein wrote: post #128
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…

> everything I've heard over the last couple of years indicated that AMD was absolutely crushing Intel. AMD market cap: $93B Intel market cap: $104B And now you will no longer be able to say that everything you've heard indicates that AMD is "absolutely crushing Intel".

AMD market cap in 2015: $2B

Intel market cap in 2015: $150B

Kinda looks like crushing.

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

#462

Post by [deleted] »

JamesianP wrote: post #460
anotherman554 wrote: post #269

Earlier quoted context omitted.

In the US usually the employee usually has a choice of several funds in their 401 (k) retirement account, including international funds. It seems the person upthread owns a target date fund and this means they probably are diversified. Their post doesn't make a lick of sense.

If this is referring to me, then perhaps you're confused because I was responding to a question about rewards and punishments not whether labels fit. And I never claimed the the question and my response were somehow opposite ends of a dichotomy. Indeed the connection there is the problem. A fund can be completely diverse and still high-risk.

[deleted]

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

#463

Post by capitainenemo »

ddalex wrote: post #458
capitainenemo wrote: post #328

Earlier quoted context omitted.

AMD's CPUs, including the latest Ryzen and Epyc processors, are immune to: Meltdown (Spectre v3) Spectre v3a LazyFPU TLBleed Spectre v1.2 L1TF/Foreshadow SPOILER SpectreRSB MDS attacks (ZombieLoad, Fallout, RIDL) SWAPGS https://www.tomshardware.com/features/intel-amd-most-secure-...

Are any of these attacks relevant unless you run a cloud service ?

All of the attacks are relevant in any environment where you execute code that you would rather not have access to any other information on your system (i.e. where you actually care about privileges).

For example, there have been demos of spectre in-browser, but applies to multi-user environments or simply apps that you didn't grant admin privs...

If you treat your computer security in a DOS/Win95 fashion, then none of them are relevant.

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

#464

Post by anotherman554 »

JamesianP wrote: post #460
anotherman554 wrote: post #269

Earlier quoted context omitted.

In the US usually the employee usually has a choice of several funds in their 401 (k) retirement account, including international funds. It seems the person upthread owns a target date fund and this means they probably are diversified. Their post doesn't make a lick of sense.

If this is referring to me, then perhaps you're confused because I was responding to a question about rewards and punishments not whether labels fit. And I never claimed the the question and my response were somehow opposite ends of a dichotomy. Indeed the connection there is the problem. A fund can be completely diverse and still high-risk.

I was not referring to you. I was referring to the person who wrote this over the top, inaccurate comment:

"When S&P 500 companies fail, your retirement savings become worthless. (Apple is really the one you want to watch out for, though!)"

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

#465

Post by vineyardmike »

kgwgk wrote: post #177
vineyardmike wrote: post #136

Earlier quoted context omitted.

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

S&P 500 trackers are not re-weighted.

Standard and Poors periodically updates the S&P 500 with the 500 largest companies. Intel will one day likely be removed, just like one day apple will be. It may be a while but it’ll happen.

Companies come and go from it all the time:

https://www.inc.com/ilan-mochari/innosight-sp-500-new-compan...

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

#466

Post by kgwgk »

vineyardmike wrote: post #465
kgwgk wrote: post #177

Earlier quoted context omitted.

S&P 500 trackers are not re-weighted.

Standard and Poors periodically updates the S&P 500 with the 500 largest companies. Intel will one day likely be removed, just like one day apple will be. It may be a while but it’ll happen. Companies come and go from it all the time: https://www.inc.com/ilan-mochari/innosight-sp-500-new-compan...

In the context of your comment

"Unless you bought inte directly, the rewighting should handle it. Unless it fails quickly and spectacularly"

I would find little comfort in the fact that if Intel goes down 85% -slowly but somewhat spectacularly- from its current level it will eventually be excluded from the index.

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

#467

Post by catskul2 »

mattfrommars wrote: post #36
QuarterRoy wrote: post #10

I’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?

I interpreted that as "for investors". Basically reassuring them that the org is not bloated, or improving the raw numbers so anyone using heuristics based on those numbers is made happy.

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

#468

Post by wahern »

noobermin wrote: post #387
wahern wrote: post #159

Earlier quoted context omitted.

> missing profit guidance for the quarter The Innovator's Dilemma isn't about missing quarterly guidance. The dilemma is that it's perfectly rational and profit maximizing to continue focusing on your cash cow even when obsolescence is a foregone conclusion. It wouldn't be a true dilemma, otherwise. The incumbent is the only player that can maximally squeeze the very considerable remaining profits from old technology…

Except it didn't actually work out. It worked out at the time, and thus was "perfectly rational" then but rationality should not have a limited time horizon because then it is limited. This is the problem with short-term thinking, it eventually leads to loss.

What value is there in corporations being immortal? That is, why forego substantial and easy profits merely to exist as the same corporation further down the road?

There are transaction costs to creating and building a corporation, but do those offset the clear costs of leaving money on the table, especially in the modern world of highly liquid capital, and particularly in markets with clear technological breaks. The lesson of the Innovator's Dilemma is that very often the perfectly, unqualifiedly rational decision is to press your advantage to the very end. And importantly it not only maximizes short-term profits, but implicitly it maximizes long-term profits globally by most efficiently allocating resources. Why waste energy swimming upstream when there are endless fish spawning and starting their journey upstream already along with ample resources of their own.

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

#469

Post by hodgesrm »

rightbyte wrote: post #430
hodgesrm wrote: post #49

Earlier quoted context omitted.

It happens. Data center computing is profitable, and Intel mastered the sales motion long ago. IBM never really got off mainframes for similar reasons. It's a variation of the Innovator's Dilemma.

> IBM never really got off mainframes for similar reasons. You could kinda say they made the PC? Also involved in PowerPC processors. Not getting of mainframes were not their problem I think.

IBM made the PC but others monetized it, most notably Microsoft followed by Compaq and Dell. [0] The PC architecture was not proprietary, and IBM didn't control the operating system.

By contrast IBM made boatloads of money off mainframes and their advantage was durable. That business line is still quite profitable even today. (Just not very big in comparison to the IT market.)

[0] https://www.forbes.com/sites/timbajarin/2021/08/25/attack-of...

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

#470

Post by acchow »

Dalewyn wrote: post #344
acchow wrote: post #327

Earlier quoted context omitted.

Intel’s newest chips have efficiency cores alongside performance cores. They are actually somewhat competitive to M1 now

It would be more accurate to say Intel CPUs will have performance cores alongside efficiency cores from 13th gen onwards. That is to say, i9 13900K will have 8 performance cores and 16 efficiency cores if I recall correctly. Many of the mobile CPUs in 12th gen also have more efficiency than performance cores.

For the desktop, they mostly have more P cores than E cores. For mobile chips, it's reversed.
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