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 Intel Layoffs Announced For 2023, After Largest Quarterly Loss Ever

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vexus
post Jul 15 2023, 09:30 PM

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soon malaysia turn
teslaman
post Jul 15 2023, 09:31 PM

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QUOTE(Kim Sim @ May 9 2023, 06:28 PM)
Please cut Malaysia 50% - 100%.
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Next week list out?
GOPI56
post Jul 15 2023, 09:32 PM

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Malaysia branch less impact I think, because it is a low cost hub for Intel.
Roadwarrior1337
post Jul 15 2023, 09:35 PM

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Find it funny

Intel make quarterly loss and the bosses arent the one getting the boot

Management arent accountable for number and share holder value ? And staff is ?

Kasi buang ceo, hr and rnd head out the door dulu then only talk about the ikan bilis
vexus
post Jul 15 2023, 09:47 PM

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thank you biden & USA policymaker for stirring shit with CHina but never admit their fault & resign.


loserguy
post Jul 15 2023, 10:33 PM

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QUOTE(ipohps3 @ Jul 15 2023, 09:07 PM)
still not a lot. 20k x 30

not even 1M
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It is enough to tide them over until normal retirement age if they so wish. There are many epf millionaires. Not including whatever stock options they may still have. Not as good as last time, but still...
soules83
post Jul 15 2023, 11:32 PM

Hohoho I dunno
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i heard last intel 50th anniversary....their ceo Pat didnt even turnout. but he turn out at china 20th anniversary. Can see how much value msia intel in Pat eyes.

This post has been edited by soules83: Jul 15 2023, 11:32 PM
cubiclecarbonate
post Jul 15 2023, 11:44 PM

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Kenapa loss? During pandemic not gain any profitable revenue?
Sze wen
post Jul 16 2023, 01:48 PM

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xxx

This post has been edited by Sze wen: Dec 4 2024, 11:51 AM
SUSpetpenyubobo
post Jul 16 2023, 03:21 PM

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QUOTE(Roadwarrior1337 @ Jul 15 2023, 09:35 PM)
Find it funny

Intel make quarterly loss and the bosses arent the one getting the boot

Management arent accountable for number and share holder value ? And staff is ?

Kasi buang ceo, hr and rnd head out the door dulu then only talk about the ikan bilis
*
The CEO or country manager probably be reassigned back to US HQ or some other country if the company folds up.

Top Management or HODs mostly won't be accountable because they're the closest intelligence next to the country managers or directors.

Ikan bilis is used to fulfill the 51% quota so they're also untouchables because keeping them is the lowest liability costs to take advantage of the government grants and investment lure benefits.

The BIGGEST casualties are usually the middle management engineers and execs. Next smallest is numbers, easiest to replace with thousands of grads being released annually from local universities, paid in peanut MYR salaries and fulfill the local talent responsibility hiring exercises.

This we refer to as the MIDDLE MANAGEMENT TALENT trap. Most vulnerable to retrenchment due to over excess of grads today and 51% puts them at even more difficult position because top management sees keeping the cheap low cost bottom non execs as a safer way to fulfill the quota.

Talents will be able to sniff this danger long before it happens. Already underpaid and short changed by salary, with no job security what else they want to look for other than get out? laugh.gif

Chinese has a saying holding a position not big enough to make important decisions/give orders and also not small enough to just do your assigned task specifically, what happens? You become the sandwiched filling. icon_idea.gif
SUSpetpenyubobo
post Jul 16 2023, 03:28 PM

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QUOTE(soules83 @ Jul 15 2023, 11:32 PM)
i heard last intel 50th anniversary....their ceo Pat didnt even turnout. but he turn out at china 20th anniversary. Can see how much value msia intel in Pat eyes.
*
With the 51% requirement the only lure for Msia is cheap labor. How it's done? Maintaining the cheapest level staffs at the bottom just to fulfill the requirement.

All talents, engineers, execs and junior managers will have to go first when downsizing kicks in.
Brotherjoe
post Jul 16 2023, 03:39 PM

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QUOTE(soules83 @ Jul 15 2023, 11:32 PM)
i heard last intel 50th anniversary....their ceo Pat didnt even turnout. but he turn out at china 20th anniversary. Can see how much value msia intel in Pat eyes.
*
I heard, he also didn't turn up for the ground breaking ceremony of the new building.. just drop by at klia/subang then left.
soules83
post Jul 16 2023, 04:30 PM

Hohoho I dunno
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QUOTE(petpenyubobo @ Jul 16 2023, 03:21 PM)
The CEO or country manager probably be reassigned back to US HQ or some other country if the company folds up.

Top Management or HODs mostly won't be accountable because they're the closest intelligence next to the country managers or directors.

Ikan bilis is used to fulfill the 51% quota so they're also untouchables because keeping them is the lowest liability costs to take advantage of the government grants and investment lure benefits.

The BIGGEST casualties are usually the middle management engineers and execs. Next smallest is numbers, easiest to replace with thousands of grads being released annually from local universities, paid in peanut MYR salaries and fulfill the local talent responsibility hiring exercises.

This we refer to as the MIDDLE MANAGEMENT TALENT trap. Most vulnerable to retrenchment due to over excess of grads today and 51% puts them at even more difficult position because top management sees keeping the cheap low cost bottom non execs as a safer way to fulfill the quota.

Talents will be able to sniff this danger long before it happens. Already underpaid and short changed by salary, with no job security what else they want to look for other than get out? laugh.gif

Chinese has a saying holding a position not big enough to make important decisions/give orders and also not small enough to just do your assigned task specifically, what happens? You become the sandwiched filling. icon_idea.gif
*
senior engineer arent safe at all, they can easily replaceable with foreign talent and reskill time given is crazy short.
SUSsmallydupe
post Jul 16 2023, 04:43 PM

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QUOTE(soules83 @ Jul 15 2023, 07:46 PM)
i didnt dare to ask them. They have family to feed and now getting a job is so hard In Penang. If i ask, for sure its like spread salt on their wound. The part i dont like is Intel recruiting foreign seniors and throw away local seniors
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Is the salary in penang higher than kl?
soules83
post Jul 16 2023, 04:49 PM

Hohoho I dunno
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QUOTE(smallydupe @ Jul 16 2023, 04:43 PM)
Is the salary in penang higher than kl?
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What is KL salary rate?
nxsia
post Jul 16 2023, 05:02 PM

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are there any plan for vss for intel malaysia next week ?
SUSrtk74
post Jul 16 2023, 05:43 PM

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QUOTE(smallydupe @ Jul 16 2023, 04:43 PM)
Is the salary in penang higher than kl?
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LOL NOPE
I guess Intel is one of those that are considered above ave but PG pay is generally shite compared to KL
langstrasse
post Jul 16 2023, 06:28 PM

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Any official announcement from the company for Malaysia plant?
SUSAzurues
post Jul 16 2023, 06:48 PM

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QUOTE(nxsia @ Jul 16 2023, 05:02 PM)
are there any plan for vss for intel malaysia next week ?
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You askyour manager lo

We here mana tau o
Ivan113
post Jul 16 2023, 06:59 PM

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Chill la, CEO compensation also got cut, alot you know

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