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Layoffs hit Intel (vanity)
zathras

Posted on 02/06/2014 10:15:19 AM PST by Zathras

This has not even hit the wires yet.
Intel is offering VSP early retirement plans for close to 10K employees starting Feb 9.
Employees are expected to be gone by April 1.

Employees in India are exempt from VSP plan. Nearly 100% are USA employees:

Major effected Areas: OR, CA, AZ, CO, MA


TOPICS: Miscellaneous
KEYWORDS: intellayoffcoming; intellayoffs; layoffs
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The emails went out this morning.
1 posted on 02/06/2014 10:15:19 AM PST by Zathras
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To: Zathras

This . ain’t . good.


2 posted on 02/06/2014 10:17:05 AM PST by Westbrook (Children do not divide your love, they multiply it.)
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To: Zathras

Who didn’t see this coming? With less disposable income Americans have to make choices. Cos. that see their bottom line will be trashed by Obozocare also have to make choices. Third world, here we come.


3 posted on 02/06/2014 10:21:15 AM PST by Foundahardheadedwoman (God don't have a statute of limitations)
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To: Foundahardheadedwoman

No, no, no. Asshat Harry Reid says now these workers are able to ‘freelance’....


4 posted on 02/06/2014 10:22:14 AM PST by harwood (Ann Coulter: Future SCOTUS nominee!)
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To: Zathras

The mentally ill leftist lunatics say less jobs are good for Americans and gives them more time to spend with their families... And the hard working people of India deserve to be exempt...


5 posted on 02/06/2014 10:23:36 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: Zathras

India is spared while almost all cuts are American. Guess it’s all okay, as long as the obamas get their vacations of the rich and famous...


6 posted on 02/06/2014 10:25:31 AM PST by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: MichaelCorleone

“The mentally ill leftist lunatics say less jobs are good for Americans and gives them more time to spend with their families”

Right. That’s like saying being 6 feet under is good because it affords you some much needed solitude and rest.


7 posted on 02/06/2014 10:27:53 AM PST by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: Zathras

I once worked for a high tech company that was in its death throes. I survived three rounds of layoffs and after I left they hired someone to replace me. The company was dead two years later.

I’m not saying Intel is going that way but I can say that it ain’t a fun ride.


8 posted on 02/06/2014 10:32:15 AM PST by Pan_Yan (Who told you that you were naked? Genesis 3:11)
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To: Zathras

Well...this is NO fun....I worked in HR at INTEL in 1980’s when we had to do their very first layoff....NOT fun.


9 posted on 02/06/2014 10:33:50 AM PST by goodnesswins (R.I.P. Doherty, Smith, Stevens, Woods.)
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To: Zathras

That’s unfortunate because Intel’s cpu’s are priced pretty high considering the fact that the PC market is shrinking.

You would think that they would reduce their prices so as to increase their sales, during these tough economic times.


10 posted on 02/06/2014 10:43:22 AM PST by puppypusher ( The World is going to the dogs.)
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To: puppypusher

The big problem is beyond 32nm, its hard to reduce your costs.
Lithography is not scaling so adding masks is the only alternative which increases your costs.
This is effecting the entire semiconductor world, not just Intel.


11 posted on 02/06/2014 10:47:58 AM PST by Zathras
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To: Zathras

To go along with the 5k at Sony and the 15k at Dell.


12 posted on 02/06/2014 10:48:18 AM PST by rockrr (Everything is different now...)
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To: goodnesswins
I got the email about the VSP this morning. 5%-6% is the target. I am probably safe but have been given tons more responsibility (work). Intel has a new CEO .. it is usual and customary for a new CEO to layoff a number of employees in order to make his first year or two bottom line look better.

That being said ... there is not much that will kill a company faster than a "layoff of the week" policy. If you tell an employee (group of employees) that they are gone after the project is done or they perceive it ... the project is milked for as long as they can. This pisses of the customer and they go elsewhere for their product from that point.

The remaining employees are completely de-moralized by the loss of their friends and co-workers and by the additional work and are in constant fear for their jobs .. so they too milk their current project.

Litton did this in 92 ... they are now Northrup. National Semi did this ... two years later they no longer existed. Motorola did this ... and now the majority of the company is Freescale.

I have seen this time after time in my 35 years in the industry.

Bottom line ... unless your plan is to kill the company ... don't do "layoff of the week".

Everyone understands a one time layoff but doing "layoff of the week" is de-moralizing counter-productive unethical and just plain stupid ... unless your goal is to kill the company.

13 posted on 02/06/2014 10:52:00 AM PST by clamper1797 (Evil WILL flourish when good men WILL not act)
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To: harwood

“No, no, no. Asshat Harry Reid says now these workers are able to ‘freelance’....”

Thats right! They are no longer suffering ‘JOB LOCK’!

What idiots!


14 posted on 02/06/2014 10:53:04 AM PST by Syntyr (Happiness is two at low eight!)
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To: Zathras

Tears By Me Out The Heart.


15 posted on 02/06/2014 11:20:48 AM PST by YHAOS
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To: clamper1797

What they are doing is following John Chambers lead and laying off 5% of the company every year or two.

It’s a management fad, like the innumerable quality initiatives.

They all think if they do this then they end up being Cisco.

Won’t bother to say what I think of that “theory”.


16 posted on 02/06/2014 11:39:57 AM PST by Regulator
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To: Regulator

What the wind up with is a smaller off shore company


17 posted on 02/06/2014 11:55:32 AM PST by clamper1797 (Evil WILL flourish when good men WILL not act)
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To: Westbrook

Dell just announced 15000+ layoffs, Hewlett Packard announced a total of 34000 layoffs.


18 posted on 02/06/2014 11:59:34 AM PST by servantboy777
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To: Zathras
In the last 20 years only two of my PCs had an Intel processor .. one was part of a package deal and one was a freebie.

For the several others, and for most folks I'd imagine, AMD has always delivered comparable performance at a significant savings over Intel's in-class offerings.


             

19 posted on 02/06/2014 12:46:19 PM PST by tomkat
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To: tomkat

You know how AMD got started?


20 posted on 02/06/2014 3:49:59 PM PST by goodnesswins (R.I.P. Doherty, Smith, Stevens, Woods.)
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