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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

#11

Post by lawlessone »

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.

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.

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

#13

Post by onedognight »

adrr wrote: post #3

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

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.

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

#14

Post by apantel »

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.

It depends on whether or not those employees were producing more than they cost. It could be that Intel is shuttering unprofitable projects the way Steve Jobs did when he returned to Apple. He killed almost everything Apple was doing and got the company to focus on a handful of products, one of which was the iPod.

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

#15

Post by jncfhnb »

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.

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

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

#16

Post by itsoktocry »

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.

>I don't understand the logic of it

Intel is floundering. Do you presume all of these people were adding value at the front lines of chip manufacturing? They have to lean out and figure it out.

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

#17

Post by alsetmusic »

adrr wrote: post #3

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

There was a South Park episode that called out airlines for doing the same thing nearly twenty years ago. This behavior isn’t new.

https://en.wikipedia.org/wiki/The_Entity_(South_Park)

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

#18

Post by lawlessone »

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

>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?

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

#19

Post by amarcheschi »

onedognight wrote: post #13
adrr wrote: post #3

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

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?

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

#20

Post by mk89 »

Well if you see [0] and [1] it says that "all other" business units went down 46% and 32%. One might speculate where these 15K employees work... Not saying at all they are not working or doing good work, far from it, but if you don't make revenues, you have 2-3 quarters...

[0]: https://www.intc.com/news-events/press-releases/detail/1692/...

[1]: https://www.intc.com/news-events/press-releases/detail/1704/...

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