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 Intel Layoffs Announced For 2023, After Largest Quarterly Loss Ever

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fantasy1989
post Jul 15 2023, 05:30 PM

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QUOTE(soules83 @ Jul 15 2023, 05:27 PM)
If you worked inside before, you will know. Bayan baru and relau condo have very good rental from those talent. their talent mostly source from 3 areas, india, Philippines and Indonesia. I have a lot of network here hence i know the in and out
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Not that i aware of

let me check the exact figure with PH

fantasy1989
post Jul 15 2023, 06:05 PM

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sounds like baru kena CPM laugh.gif
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?
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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
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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.
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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
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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
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
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» Click to show Spoiler - click again to hide... «

fantasy1989
post Dec 18 2023, 09:31 PM

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QUOTE(commonsense @ Dec 18 2023, 09:24 PM)
got good lobang hor?
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Ya..got lubang

then decided to take high risk move (that time my waifu pregnant)


intc actually counter me with next grade level + "some" increment ; but i reject ..cant compare

This post has been edited by fantasy1989: Dec 18 2023, 09:34 PM
fantasy1989
post Dec 18 2023, 09:33 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
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if detached then u can hop around intel and PSG aka altera again ma

just like last time ppl hop around intel and altera

now we even have L and M-lembut is expanding

on top of other competitor like Star and Sky
fantasy1989
post Dec 18 2023, 09:38 PM

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QUOTE(petpenyubobo @ Dec 18 2023, 09:35 PM)
How about using you temporarily just to clear the backlogs and work then upon completion of contract, told to leave and refresh with another round of new grads?

Does it fulfill the promise to the local government to pledge providing jobs to new interns with every year of newly released grads?
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Yes. but if company perceive you as potential talent then they will try to convert you la

if not org how to grow


but they just view you as average or low performer ..GT contract end is good reason to kick you out


fantasy1989
post Dec 18 2023, 09:53 PM

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QUOTE(ipohps3 @ Dec 18 2023, 09:50 PM)
means current company offer more than what Intel counter offer you ohmy.gif
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Yes

whole package is something that until i willing to take high risk move

This post has been edited by fantasy1989: Dec 18 2023, 09:54 PM
fantasy1989
post Dec 18 2023, 09:57 PM

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QUOTE(ipohps3 @ Dec 18 2023, 09:54 PM)
what is M-lembu?

L is Lattice but not so many opening since just a small company compared to Xilinx and Altera.

Besides, StarFive, SkyChip, got Oppstar also. but the last 2 are MY companies.
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uSoft

but expand manufacturing related first

This post has been edited by fantasy1989: Dec 18 2023, 09:57 PM
fantasy1989
post Dec 18 2023, 09:59 PM

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QUOTE(ipohps3 @ Dec 18 2023, 09:57 PM)
your current company is rich!

are you doing the same domain of work in your current company as what you did in Intel?
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Similar
but of course not exactly same
fantasy1989
post Dec 18 2023, 10:11 PM

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QUOTE(ipohps3 @ Dec 18 2023, 10:00 PM)
you mean Microsoft? they got manufacturing?

i do hope Qualcomm, Nvidia, and Apple open design center here. but well, don't think so. cry.gif
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yes. expanding


and they are going to have 1 floor focus on that at bayan lepas soon

dont ask me why i know ; because i can ..owai
fantasy1989
post Dec 19 2023, 03:27 PM

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QUOTE(rtk74 @ Dec 19 2023, 03:06 PM)
Kek, no changes.
Altera? GG
time to trade while still blue to black
LOL M-Lembut
first time hearing people calling it that

Lattice too smol still
They'll find a yindia Yindian that's more yindian than unker
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biggrin.gif
fantasy1989
post Dec 19 2023, 10:00 PM

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QUOTE(our_team89 @ Dec 19 2023, 04:03 PM)
I wonder why they like to find those from yindia one, especially cw
Those people cannot work one, pandai cakap only
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Yes. but some is they outsourced to that certain company

then Malai have to follow

just like example if you are working with bigger team ..from India

then their topgun say we this project all CW give to this India outsourcing company

and they have branch in Malai ..then no choice lor


not to say all is bad ; but good 1 usually will run elsewhere or become permanent employee
fantasy1989
post Dec 19 2023, 10:02 PM

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QUOTE(chairboy @ Dec 19 2023, 09:54 PM)
Lattice amd boleh work remotely kah
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intc depending on org also can remote

2Q ago before i cabut ..my GT work remotely at his hometown for almost 1.5 years
fantasy1989
post Dec 19 2023, 10:18 PM

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QUOTE(ipohps3 @ Dec 19 2023, 10:04 PM)
I think those GT remote so long tunggu layoff unless veli good performance.

my manager told me only those veli experienced one allowed to remote. others wajib masuk opis.
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No idea...I passdown everything then cabut jor

Not sure he managed to convert or not
fantasy1989
post Dec 20 2023, 12:27 PM

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QUOTE(adamhzm90 @ Dec 19 2023, 10:23 PM)
why so cibai?

hope your family got laid off too then
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maybe he or she kena reject during interbiu kot
fantasy1989
post Dec 20 2023, 12:38 PM

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QUOTE(iSean @ Dec 19 2023, 10:48 PM)
Internally got VSS (Corporate People Movement - Application Process) this quarter.
This batch is volunteer will exit in 31 Dec 2023...

Mostly those very senior 10 years++ will resign one ...
Well they plan to IPO in Sept 2024. Hopefully all numbers looks good without reducing headcount...
Else everyday fear of getting potong only.  sweat.gif
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unless got health issue or better opportunity ready to go ..else not really worth

if that person already early 40+ then dont simply take VSS and find job later ..sometime hard to find job

if already 50+ then can take n bye


i have 1 friend which is late 30s ..resigned due to butthurt with management + empty hand at Q1 2022 ..till now still cant get job despite of throwing many resume

This post has been edited by fantasy1989: Dec 20 2023, 12:39 PM
fantasy1989
post Dec 20 2023, 06:19 PM

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QUOTE(kaiserreich @ Dec 20 2023, 06:06 PM)
Really or not or ego too high.

Can always go to subcon factory if cant find job.
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Dunno him la.. somehow he still can survive with all commitment



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