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Intel's Day of Reckoning Arrives: 15,000 Jobs Will Be Eliminated

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Re: Intel's Day of Reckoning Arrives: 15,000 Jobs Will Be Eliminated

#21

Post by cortesoft »

lawlessone wrote: post #11
apantel wrote: post #6

Earlier quoted context omitted.

Intel’s and the US’s main priority is for Intel to survive as a business over the coming decades and become competitive again. They’re going to do whatever they have to.

How does reducing the amount of work they are capable of help this though? especially now when they are going to be dealing with the fallout of this chip oxidation issue? I don't understand the logic of it. When someone is sick they need more support , not less.

Because some people cost more than they produce? Seems pretty straightforward

Re: Intel's Day of Reckoning Arrives: 15,000 Jobs Will Be Eliminated

#22

Post by adrr »

apantel wrote: post #6
adrr wrote: post #3

Intel received almost $20 billion from the CHIPS act and cuts their employees. So glad we gave them money.

Intel’s and the US’s main priority is for Intel to survive as a business over the coming decades and become competitive again. They’re going to do whatever they have to.

CHIPS act was to build foundries in the US. How many people did they cut from this division? Cuts came from R&D and marketing according to the earnings call.

Re: Intel's Day of Reckoning Arrives: 15,000 Jobs Will Be Eliminated

#23

Post by jncfhnb »

lawlessone wrote: post #18
jncfhnb wrote: post #15

Earlier quoted context omitted.

A lot of people provide negative value. Not net negative, in their work is less valuable than their salary, but actually negative value in that they just slow things down, waste resources, or prevent innovation for their own job security

>heir work is less valuable than their salary, but actually negative value in that they just slow things down i don't buy it. . if those 15k people were truly a problem before why weren't they already removed?

Change is hard, firing people isn’t fun, and incentives don’t always align

Re: Intel's Day of Reckoning Arrives: 15,000 Jobs Will Be Eliminated

#24

Post by Tempest1981 »

jncfhnb wrote: post #15
lawlessone wrote: post #11

Earlier quoted context omitted.

How does reducing the amount of work they are capable of help this though? especially now when they are going to be dealing with the fallout of this chip oxidation issue? I don't understand the logic of it. When someone is sick they need more support , not less.

A lot of people provide negative value. Not net negative, in their work is less valuable than their salary, but actually negative value in that they just slow things down, waste resources, or prevent innovation for their own job security

I would guess that's < 5%, whereas "a lot" sounds like 30 or 50%

Re: Intel's Day of Reckoning Arrives: 15,000 Jobs Will Be Eliminated

#25

Post by kkert »

Tempest1981 wrote: post #24
jncfhnb wrote: post #15

Earlier quoted context omitted.

A lot of people provide negative value. Not net negative, in their work is less valuable than their salary, but actually negative value in that they just slow things down, waste resources, or prevent innovation for their own job security

I would guess that's < 5%, whereas "a lot" sounds like 30 or 50%

[dead]

Re: Intel's Day of Reckoning Arrives: 15,000 Jobs Will Be Eliminated

#26

Post by onepointsixC »

lawlessone wrote: post #11
apantel wrote: post #6

Earlier quoted context omitted.

Intel’s and the US’s main priority is for Intel to survive as a business over the coming decades and become competitive again. They’re going to do whatever they have to.

How does reducing the amount of work they are capable of help this though? especially now when they are going to be dealing with the fallout of this chip oxidation issue? I don't understand the logic of it. When someone is sick they need more support , not less.

Intel has more employees than AMD, TSMC, and NVIDIA combined. When AMD leapfrogged them they had less employees than the number just laid off. They need capital to build out new fabs and that has to come from somewhere.

Re: Intel's Day of Reckoning Arrives: 15,000 Jobs Will Be Eliminated

#27

Post by IYasha »

amarcheschi wrote: post #19
onedognight wrote: post #13

Earlier quoted context omitted.

It’s called the CHIPS act, not the JOBS act, for a reason. Intel has a lot of employees that are not working on chip manufacturing. I was hired to work on flashy things that the previous previous CEO could point to while avoiding talking about why 10nm didn’t work. They were right to lay me off. They also gave a great severance and plenty of time to find a different job internally.

What was your job there?

Flashy things production, obviously. (In industry we call them "presentations")
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