DEI dead, too?
What he's telling us is that they are laying off 15,000 people today, and when they do eventually fully benefit from AI, he will layoff a whole hell of a lot more people.
amd and nvidia have been eating intel’s lunch.
I don’t recall ever working for a company which could afford to hire non-essential workers save one, a company from hell who hired HR managers from hell.
Dont’ worry folks. The H1Bs and Indian invaders will still be employed.
I was with Intel in 2021. They could not make chips fast enough. They had a 6 month back log on orders and they were spending money heavily to expand production. Its sad that they have come upon hard times. Obviously for some reason the demand for chips has shrunk.
If they layoff only the deadwood (yes, even tech corporations such as Intel ACCUMULATE deadwood) and the politically connected sinecure hires it will be good. I suspect that won’t be the criteria for selection of those to be separated.
The CHIPS act is dead. Long love the CHIPS act....
This have anything to do with Apple making their own microchips or is it all AI related?
Intel chips suck. The world has moved on fast, efficient, cool running RISC processors and intel is stuck in the past. But on the plus they are big on diversity, DEI and workeism
the real reason Intel is in REALLY BIG trouble: their latest flagship CPU chips are mass self-destructing in the field, and Intel doesn’t have a complete fix, a complete cause, or even a complete understanding of WHICH chips are self-destructing:
https://www.theverge.com/2024/7/26/24206529/intel-13th-14th-gen-crashing-instability-cpu-voltage-q-a
https://www.reddit.com/r/intel/comments/1e9mf04/comment/lefz09c/
https://www.theverge.com/2024/7/22/24203959/intel-core-13th-14th-gen-cpu-crash-update-patch
[just like Boeing and the Secret Service, looks like Intel took their eyes off of their core corporate strengths and purpose and instead refocused on DEI as their top priority]
We need a tariff on all electronics. Bring high tech back home where it all started.
And our deep state congress piles a $1,000,000,000 more than that on our national debt each and every day. Businesses have to make choices, the feral gummit doesn’t.
AMD for the win!
In other news, China has hired 15,000 people to make computer chips to take over control of the chip market.
LOL, “non-essential work.”
They are getting beaten because they are not making the best chips.
Getting rid of bloat can motivate folks.
Clear the roles to hire Indian migrants for a fourth the pay.
AI?
Forty Year Annual Chart (1985-2024)
Check out the HUGE crash in year 2000 (long red line in chart center) - the infamous Dot Com Catastrophe.
Also, check out the CLASSIC "Cup and Handle" chart pattern.
For technical stock analysts, a Cup and Handle is very bullish.
Time will tell.