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Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

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471–480 of 531 posts

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#471

Earlier quoted context omitted.

> You yell, "But people lose their jobs..." There are more jobs, plus why does everyone need a job anyway? This is kind of silly. Job losses are a bad thing precisely because we don't yet live in a world where you can get by on a guaranteed minimum income without a job. If you think it's worthwhile to push society in that direction, then great, but don't kid yourself that believing in it is the same as having already…

Some european countries have already achieved this; your unemployment benefits after getting fired are a significant fraction of your previous salary, and slowly ramp down. You pay for it in taxes (and then some), but at least you know you can still make rent if you get canned.

i think maybe only Swiss here have really sustainable model; others I know are typical socialist let's-make-more-and-more-debt-with-unsustainable-social-benefits (happy to learn if it somewhere else it works and can work in foreseeable future too without creating huge debt, forcing people to work in their late 60' etc).

What Swiss specifically have - we all pay social deductions, within 3 pillars. If you end up unemployed, then you are entitled to 1-2 years of unemployment benefits in 70% of your former income, with some reasonable cap. That is if you worked 100%, in perm contract, at least a year in a row. Otherwise not entitled or payments are much lower.

You have to actively search daily for new job and prove it to your unemployment councilor, otherwise they will cut benefits. Those benefits are really structured in a way to pay you while you are looking for a job, not to have some extra long holidays on everybody's else budget.

Motivating setup, and since there is a social net of that 70% of my income, I am not frightened on the prospect of losing job and needing to store enough cash to live at least X months/years without any income. Handy when one has big fresh loan on his shoulders.

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#472
post #243

Earlier quoted context omitted.

I don't see why job losses are a bad thing. As long as we move quickly to "you don't need a job to live" because otherwise these job losses are destroying people's lives.

Unless these folks had degrees in Working At Intel, losing a job is not the same as becoming permanently unemployable. Job loss sucks. But it's pretty hyperbolic to say it's destroying peoples' lives. Particularly for skilled workers, finding a new job isn't all that far out.

you have "turtles all the way down" of bubble mentality

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#473

Earlier quoted context omitted.

What would it mean for Nvidia to focus on 4k? Do the new screen resolutions require architectural innovations in the GPU? (Honest question. I'm not a graphics engineer)

Me either so take this with a pinch of salt. Mostly it's about shuttling around 4 times as much memory for each screen as well as 4 times as much processing. 1920x1080 has ~ 2 million pixels. 3840x2160 has ~ 8 million pixels. Internally iirc this is often done as vectors before been rasterised out and having various filters and shaders applied but that step requires that you store multiple buffers etc, same reason a…

I can see how higher resolutions will require the GPU to have more memory or more FLOPS or both. I guess my question is, how, if at all, are the improvements required to support 4K different from improvements that target something like deep learning performance?

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#474
post #374

Earlier quoted context omitted.

Apparently it works just as djslumdog says -- people like him/her will continue doing the small amount of important work that can't be automated, and will be compensated handsomley to do so. They will fly around the world, enjoying vacations, live in large homes, eat lavish meals. Everyone else will live in 100 square foot apartments in Soviet-style concrete bunkers, eating ramen (or possibly Soylent). But they won't…

But what's the alternative? Don't give anyone even the meager means of living? Communism? (that worked out well). In the coming years, tons of people will be out of jobs and incapable of participating in the shrinking not yet automated away economy, what do we do?

you don't get it? basic income IS communism, we/they also had a guaranteed income because everybody had to have a job (=income), even if the job didn't make sense.

elites (political in communism vs actually still working people in BI scenario) have amazing life with various luxuries. rest will be allowed to exist and not die of starvation and have a lousy place for sleep. truly bright future...

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#475

Earlier quoted context omitted.

Goldman's stock price is approximately 25% off it's 12 month high. [0] Morgan Stanley is approximately 35% off. [1] Seems like the market is properly taking in their bad news. Some parts of the market do fine, others get hit. And yes, some might be over-valued. When interest rates are low, the future cash flows of companies are discounted back at a lower rate. So if all things are equal (which they never really are,…

The GAAP P/E of the S&P is now at 24.28, that's near, if not, a record high. That's bad. It's very overvalued historically. Banking stocks are doing badly because interest rates are so low across the curve that they can't make money from the spread. But even at that, they are overvalued along with various momentum stocks like Tesla, Netflix (which we saw implode yesterday.)

Netflix at -12% is hardly an implosion. For a growth stock like Netflix, it's not too uncommon. Just look at their chart, it's had plenty of jumps in either direction when their quarterly report exceeded or failed to meet expectations.

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#476

Earlier quoted context omitted.

When you pay the exact amount of money and benefits and sometimes even more as joining bonus and stocks awards for a H1B employee, how can this be an abuse of the system?

The argument "we can't fill all these open positions, please let us bring in foreign workers" then firing 10,000 people contradicts why they want the government to deregulate the system.

The same thing seems to happen everywhere. In Germany the industry proclaims they're in need of around 50.000 software engineers, but if look for a job, you won't find that demand. Last year VW alone advertised they intend to hire 35.000 software engineers. I don't buy the numbers at all.

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#477
post #124

Earlier quoted context omitted.

News like this out of the blue is strange. I was pretty sure that the post-PC era was a sham. It still is, right?

I recently started working on a little eCommerce project. I found a way to indirectly estimate the sales of some of my competitors products. So I downloaded about 13gb of this data, processed it down into about 80 million rows and than ran a bunch of stats on it. Now 80 million rows is not "big data" scale, but it's not super small either. With my 16gb of memory (that I paid I think $400 for), my humble quad core i7…

My 3+ year old Lenovo laptop running an i5 with 8GB of RAM and a 500GB HDD (at 5400 RPM, no less) easily lets me multitask on Word, Photoshop and about 20+ Chrome tabs open

The only time I've felt my computer to be "slow" was when I tried to use Photoshop and After Effects simultaneously.

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#478
post #431

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128 cores?

While a nice idea most software cannot even use 4 or 8 cores properly. That's one of the reason Intel CPUs are still king compared to AMD in desktop space. If you can use all of that cores AMD tries to cram in their CPUs you can get good performance for a good price, but the single-threaded performance is an absolute desaster at the moment (and the one thing AMD has focused most on for their next architecture, Zen),…

That's why we have ML and AI scheduled.

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#479

Earlier quoted context omitted.

Some european countries have already achieved this; your unemployment benefits after getting fired are a significant fraction of your previous salary, and slowly ramp down. You pay for it in taxes (and then some), but at least you know you can still make rent if you get canned.

i think maybe only Swiss here have really sustainable model; others I know are typical socialist let's-make-more-and-more-debt-with-unsustainable-social-benefits (happy to learn if it somewhere else it works and can work in foreseeable future too without creating huge debt, forcing people to work in their late 60' etc). What Swiss specifically have - we all pay social deductions, within 3 pillars. If you end up unemp…

There's nothing particularly Swiss about it, similar schemes exist throughout Northern Europe.

In Norway you can get 1-2 years benefits at about 60% your previous annual income with a cap near median national income.

Re: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight

#480
post #146

Earlier quoted context omitted.

Both GS and MS (as well as other FIs) are off there highs because of all the volatility in the markets the past 6 months and worries about losses from bad energy loans. BAC, WF, Citi are all off their 12-month highs by a significant margin despite doing relatively well in Q1. Also, this has nothing to do with discounting the cash flows, it's mostly stock buybacks that's driving all the action: http://www.bloomberg.co…

I think you may have overlooked the recent DOL Proposal and it's potential impact on profit margins if it pushes forward. Good for consumers, but bad if you have to improve processes, hire people to handle them, etc. http://blog.emoneyadvisor.com/industry-news/trending/complet...

When similar rules occurred in the UK profit margins went up. Matt Levine on Bloomberg View talks about it regularly.
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