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
This . ain’t . good.
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.
No, no, no. Asshat Harry Reid says now these workers are able to ‘freelance’....
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...
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...
“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.
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.
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.
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.
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.
To go along with the 5k at Sony and the 15k at Dell.
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.
“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!
Tears By Me Out The Heart.
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”.
What the wind up with is a smaller off shore company
Dell just announced 15000+ layoffs, Hewlett Packard announced a total of 34000 layoffs.
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.
You know how AMD got started?
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