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 Intel Layoffs Announced For 2023, After Largest Quarterly Loss Ever

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LA773
post Dec 18 2023, 02:12 AM

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So, monday when NASDAQ open, intc will lao sai?
Eulm585
post Dec 18 2023, 05:00 AM

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QUOTE(LA773 @ Dec 18 2023, 02:12 AM)
So, monday when NASDAQ open, intc will lao sai?
*
When got layoff share price normally go up..
Cause lower operating cost and higher divident once trim off the fat
LA773
post Dec 18 2023, 05:04 AM

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QUOTE(Eulm585 @ Dec 18 2023, 05:00 AM)
When got layoff share price normally go up..
Cause lower operating cost and higher divident once trim off the fat
*
But also declare big losses

Think they are behind amd, too much comfort zone for fee decades i guess
iSean
post Dec 18 2023, 08:38 AM

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QUOTE(rtk74 @ Dec 17 2023, 09:33 PM)
iSean you also got this issue right?
Department couldn't absorb you
*
Yeahh it is a common issue during/post-Pandemic.
They lock in GT for 2 years, unable to convert them.

Eventually most of us leave for other places. Or convert to Grade 3 in other departments, whichever open rack that is available for us.

SUSrtk74
post Dec 18 2023, 09:59 AM

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QUOTE(iSean @ Dec 18 2023, 08:38 AM)
Yeahh it is a common issue during/post-Pandemic.
They lock in GT for 2 years, unable to convert them.

Eventually most of us leave for other places. Or convert to Grade 3 in other departments, whichever open rack that is available for us.
*
My sis just got into a GT.
FMCG tho... But starting pay oso 4k
Pray she'll get absorbed


Last intern got absorbed cos I pushed the director abit
Called in a personal favour
fantasy1989
post Dec 18 2023, 10:01 AM

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QUOTE(LA773 @ Dec 18 2023, 02:12 AM)
So, monday when NASDAQ open, intc will lao sai?
*
usually layoff stock will go up

because profit margin will go up as they are supressing their operating cost

This post has been edited by fantasy1989: Dec 18 2023, 10:02 AM
fantasy1989
post Dec 18 2023, 10:04 AM

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QUOTE(LA773 @ Dec 18 2023, 05:04 AM)
But also declare big losses

Think they are behind amd, too much comfort zone for fee decades i guess
*
dont think so..this quarter should be doing good for INTC (although i no longer with intel but this should be reality)

and that quite expected because Q4 should be always the "best" quarter...


they continue layoff is because intc having way higher operating cost compared to other company (might not good direct comparison because intc bao semua including design n fab; whereas AMD only doing design and throw it to TSMC)


cant find a chart ..that time baru see that

This post has been edited by fantasy1989: Dec 18 2023, 10:23 AM
fantasy1989
post Dec 18 2023, 10:06 AM

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QUOTE(iSean @ Dec 18 2023, 08:38 AM)
Yeahh it is a common issue during/post-Pandemic.
They lock in GT for 2 years, unable to convert them.

Eventually most of us leave for other places. Or convert to Grade 3 in other departments, whichever open rack that is available for us.
*
Yup..or run to competitor company like A or L as G3

QUOTE(rtk74 @ Dec 18 2023, 09:59 AM)
My sis just got into a GT.
FMCG tho... But starting pay oso 4k
Pray she'll get absorbed
Last intern got absorbed cos I pushed the director abit
Called in a personal favour
*
if just join still got hope ; existing want full term punya a bit susah

although department got headcount also want keep it for future layoff.. can use reqs to offset instead of need to find weakest link to goreng

This post has been edited by fantasy1989: Dec 18 2023, 10:08 AM
SUSrtk74
post Dec 18 2023, 10:08 AM

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QUOTE(fantasy1989 @ Dec 18 2023, 10:06 AM)
Yup..or run to competitor company like A or L as G3
if just join still got hope ; existing want full term punya a bit susah

although department got headcount also want keep it for future layoff.. can use reqs to offset instead of need to find weakest link to goreng
*
What's L?
Yeah! Just join


steevan1000
post Dec 18 2023, 10:11 AM

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typical strategy by any large company. reduce & cut costs to maintain & keep the same profit so that the dividends the shareholders get remain the same despite the increase in losses.
fantasy1989
post Dec 18 2023, 10:22 AM

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QUOTE(rtk74 @ Dec 18 2023, 10:08 AM)
What's L?
Yeah! Just join
*
» Click to show Spoiler - click again to hide... «

iSean
post Dec 18 2023, 11:18 AM

iz old liao.
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QUOTE(rtk74 @ Dec 18 2023, 09:59 AM)
My sis just got into a GT.
FMCG tho... But starting pay oso 4k
Pray she'll get absorbed
Last intern got absorbed cos I pushed the director abit
Called in a personal favour
*
FMCG...? "Fast Moving Consumer Goods". your sister not in Engineering/IT side or what blink.gif
Seems like Sales rclxub.gif


Well normally if 1 year haven't get absorbed will be an issue la.

SUSrtk74
post Dec 18 2023, 11:21 AM

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QUOTE(iSean @ Dec 18 2023, 11:18 AM)
FMCG...? "Fast Moving Consumer Goods". your sister not in Engineering/IT side or what  blink.gif
Seems like Sales  rclxub.gif
Well normally if 1 year haven't get absorbed will be an issue la.
*
Yup... But still pay is comparable to engineering...
FAK meh

Also, possibly they'll pull WFH and push for office all the time

SUSipohps3
post Dec 18 2023, 08:32 PM

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QUOTE(rtk74 @ Dec 18 2023, 11:21 AM)
Yup... But still pay is comparable to engineering...
FAK meh

Also, possibly they'll pull WFH and push for office all the time
*
PG17 completing soon.
SUSipohps3
post Dec 18 2023, 08:33 PM

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QUOTE(iSean @ Dec 18 2023, 08:38 AM)
Yeahh it is a common issue during/post-Pandemic.
They lock in GT for 2 years, unable to convert them.

Eventually most of us leave for other places. Or convert to Grade 3 in other departments, whichever open rack that is available for us.
*
so you get converted to permanent after how many years?
iSean
post Dec 18 2023, 08:38 PM

iz old liao.
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QUOTE(ipohps3 @ Dec 18 2023, 08:33 PM)
so you get converted to permanent after how many years?
*
I signed a 1 year GT contract, then since no headcount, I just jumped into PSG for another year.
Next year work as standalone rclxub.gif
SUSipohps3
post Dec 18 2023, 08:40 PM

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QUOTE(iSean @ Dec 18 2023, 08:38 PM)
I signed a 1 year GT contract, then since no headcount, I just jumped into PSG for another year.
Next year work as standalone  rclxub.gif
*
you are not permanent G3 in PSG now?
iSean
post Dec 18 2023, 09:05 PM

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QUOTE(ipohps3 @ Dec 18 2023, 08:40 PM)
you are not permanent G3 in PSG now?
*
Still Perm BB.

2021.5 - 2022.5 GT @ IPG, Intel
2022.5 - now - G3 @ PSG, Intel

2024 PSG turns standalone, sooner or later we are not longer belong within Intel and celebrate wins together sweat.gif

SUSipohps3
post Dec 18 2023, 09:18 PM

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QUOTE(iSean @ Dec 18 2023, 09:05 PM)
Still Perm BB.

2021.5 - 2022.5 GT @ IPG, Intel
2022.5 - now -  G3 @ PSG, Intel

2024 PSG turns standalone, sooner or later we are not longer belong within Intel and celebrate wins together  sweat.gif
*
still got job. unless they layoff.

are you doing design, integration, and verification for IPs when you were with IPG?
commonsense
post Dec 18 2023, 09:24 PM

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QUOTE(fantasy1989 @ Dec 18 2023, 10:04 AM)
dont think so..this quarter should be doing good for INTC (although i no longer with intel but this should be reality)

and that quite expected because Q4 should be always the "best" quarter...
they continue layoff is because intc having way higher operating cost compared to other company (might not good direct comparison because intc bao semua including design n fab; whereas AMD only doing design and throw it to TSMC)
cant find a chart ..that time baru see that
*
got good lobang hor?

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