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 Intel Layoffs Announced For 2023, After Largest Quarterly Loss Ever

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SUSpetpenyubobo
post Dec 21 2023, 07:40 PM

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QUOTE(fantasy1989 @ Dec 21 2023, 03:43 PM)
macam you go to other company will not do the same
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China men local companies are even worst. They won't even think carefully whether if the decision to fire is worth a not before pulling the trigger.
A company with deep pocket will consider carefully and value a long time staff but for China men type of companies once you're of no more use to them off you go.
fantasy1989
post Dec 21 2023, 09:17 PM

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QUOTE(ipohps3 @ Dec 21 2023, 04:20 PM)
really use AI already?
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they are piloting MS co-pilot for some use-case before i cabut

SUSpetpenyubobo
post Dec 21 2023, 09:26 PM

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QUOTE(fantasy1989 @ Dec 21 2023, 09:17 PM)
they are piloting MS co-pilot for some use-case before i cabut
*
Which means almost everyone is being profiled in society secretly am I right?

All interview candidates will be filtered with AI for assessment.

Where you've worked before, what were your roles, your experiences, your personality, interests, background check, tendency to be emotionally unstable..
jusbella
post Dec 21 2023, 09:29 PM

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Apple M series incoming...
SUSrtk74
post Dec 24 2023, 02:26 PM

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Kesian

QUOTE
Intel cuts hundreds of US workers just in time for Christmas
News
By Craig Hale
published 1 day ago

Over 300 Intel workers lose their jobs 


https://www.techradar.com/pro/intel-cuts-hu...e-for-christmas
soules83
post Dec 25 2023, 09:11 PM

Hohoho I dunno
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QUOTE(rtk74 @ Dec 24 2023, 02:26 PM)
yep, told you all already. Msia will be the next one. Intel also practice first in first out...so think twice before join.

This post has been edited by soules83: Dec 25 2023, 09:12 PM
soules83
post Dec 25 2023, 09:13 PM

Hohoho I dunno
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QUOTE(petpenyubobo @ Dec 21 2023, 07:40 PM)
China men local companies are even worst. They won't even think carefully whether if the decision to fire is worth a not before pulling the trigger.
A company with deep pocket will consider carefully and value a long time staff but for China men type of companies once you're of no more use to them off you go.
*
it depends.
Dentarg
post Dec 25 2023, 09:19 PM

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QUOTE(petpenyubobo @ May 9 2023, 06:27 PM)
Intel Layoffs Announced After Company Sees Largest Quarterly Loss Ever
https://www.usatoday.com/story/tech/2023/05...fs/70197173007/

user posted image

A wave of layoffs continues to rattle the tech industry, with semiconductor chip manufacturer Intel on Monday confirming that it plans to cut its workforce to reduce costs.

The company declined to share how many workers would be affected but said the layoffs would take place across the company.

“Intel is working to accelerate its strategy while navigating a challenging macro-economic environment,” the company said in an emailed statement. “We continue to invest in areas core to our business, including our U.S.-based manufacturing operations, to ensure we are well-positioned for long-term growth.”

Intel last month reported its largest quarterly loss in company history amid a slump in personal computer sales. First-quarter net loss was $2.8 billion and revenue was down 36% year-over-year.

Despite the loss, the company paid out $1.5 billion in dividends.

Reuters reported the Santa Clara, California-based company cut employee and executive pay earlier this year. And The Wall Street Journal in October reported that Intel was beginning targeted job cuts and aimed to reduce costs by $3 billion in 2023.
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Wow. Apple transition to their own Apple Silicon really takes a hugh chunk of Intel’s revenue.

RGRaj
post Dec 26 2023, 08:45 AM

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QUOTE(petpenyubobo @ Dec 21 2023, 09:26 PM)
Which means almost everyone is being profiled in society secretly am I right?

All interview candidates will be filtered with AI for assessment.

Where you've worked before, what were your roles, your experiences, your personality, interests, background check, tendency to be emotionally unstable..
*
This is useful to rat out those candidates who abscond after signing the contract or job hop after a year or two.

lukaka
post Dec 26 2023, 09:19 AM

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I think intel want to cut Israel plants and office. Our boycott is successful.
Obosh
post Dec 26 2023, 09:25 AM

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QUOTE(soules83 @ Dec 25 2023, 09:11 PM)
yep, told you all already. Msia will be the next one. Intel also practice first in first out...so think twice before join.
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This is complete BS. Don't talk about things you have no idea about.
soules83
post Dec 26 2023, 02:10 PM

Hohoho I dunno
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QUOTE(Obosh @ Dec 26 2023, 09:25 AM)
This is complete BS. Don't talk about things you have no idea about.
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then proof me wrong, i dare you. If you cant provide any info, then you are the one have no idea about.

Intel have being trimming their headcount since last year till today.

1) HR
2) Engineer
3) Management
4) Marketing
and etc.

This post has been edited by soules83: Dec 26 2023, 02:11 PM
Obosh
post Dec 26 2023, 03:03 PM

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QUOTE(soules83 @ Dec 26 2023, 02:10 PM)
then proof me wrong, i dare you. If you cant provide any info, then you are the one have no idea about.

Intel have being trimming their headcount since last year till today.

1) HR
2) Engineer
3) Management
4) Marketing
and etc.
*
Normally I'm too lazy to respond to these and let the ignorant stay ignorant but will bite just this once.

1) Does Intel (and any other MNC) usually shed staff? Yes true - both due to economic reasons and business priorities/decisions.
2) Has Intel been trimming headcount? Yes also true, in bad times and also in good times. It's a usual business model. If anyone wants perfect job security and unchanging environment, MNCs are not for you.

BUT those are NOT what I call out as your bullshit. Receipt here:
QUOTE(soules83 @ Dec 25 2023, 09:11 PM)
yep, told you all already. Msia will be the next one. Intel also practice first in first out...so think twice before join.
*
Burden of proof is on you to justify your claims. And since I am too fkin free, I'll show you:

1) Intel Malaysia has grown to about ~12k employees in Malaysia. A few thousand hirings are in the pipeline as multiple factories are being built in Bayan Lepas and Kulim ETA sometime 2024.
2) In a general downsizing activity, typically Malaysia is the least affected. In the last couple rounds of limited general downsizing (as opposed to targeted at certain biz functions/groups), Malaysia were specifically EXCLUDED, why? Malaysia's burden rate (cost per employee) is 1/5 of that in USA and Israel. Even India's burden is creeping above Malaysia's and retention in India is shit. In laymen's term - Malaysian labor is cheap and many MNCs would retain employees here rather than in more expensive geos (called Mature Market). We can also discuss CHIPS act and the nuances, but it will not affect Malaysian headcount.
3) Intel practicing FIFO is a downright lie and misinformation. Majority of people downsized are those with a lot of years or nearing retirement. Most companies would retain their newer and thus cheaper employees on their payroll. There has never been a FIFO practice in Intel when it comes to downsizing.

Summary - Malaysia will be the next one is wrong. Intel practice first in first out is wrong.

The only other proof I can show you is my Intel badge, but I won't cause I don't care what you think. I'm not here to defend Intel because like any other company in the world, they want to make money and we want to get paid - no loyalty nor love. I can't stand though, people who spew misinformation from their coffee shop rumor. 

soules83
post Dec 26 2023, 05:54 PM

Hohoho I dunno
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QUOTE(Obosh @ Dec 26 2023, 03:03 PM)
Normally I'm too lazy to respond to these and let the ignorant stay ignorant but will bite just this once.

1) Does Intel (and any other MNC) usually shed staff? Yes true - both due to economic reasons and business priorities/decisions.
2) Has Intel been trimming headcount? Yes also true, in bad times and also in good times. It's a usual business model. If anyone wants perfect job security and unchanging environment, MNCs are not for you.

BUT those are NOT what I call out as your bullshit. Receipt here:

Burden of proof is on you to justify your claims. And since I am too fkin free, I'll show you:

1) Intel Malaysia has grown to about ~12k employees in Malaysia. A few thousand hirings are in the pipeline as multiple factories are being built in Bayan Lepas and Kulim ETA sometime 2024.
2) In a general downsizing activity, typically Malaysia is the least affected. In the last couple rounds of limited general downsizing (as opposed to targeted at certain biz functions/groups), Malaysia were specifically EXCLUDED, why? Malaysia's burden rate (cost per employee) is 1/5 of that in USA and Israel. Even India's burden is creeping above Malaysia's and retention in India is shit. In laymen's term - Malaysian labor is cheap and many MNCs would retain employees here rather than in more expensive geos (called Mature Market). We can also discuss CHIPS act and the nuances, but it will not affect Malaysian headcount.
3) Intel practicing FIFO is a downright lie and misinformation. Majority of people downsized are those with a lot of years or nearing retirement. Most companies would retain their newer and thus cheaper employees on their payroll. There has never been a FIFO practice in Intel when it comes to downsizing.

Summary - Malaysia will be the next one is wrong. Intel practice first in first out is wrong.

The only other proof I can show you is my Intel badge, but I won't cause I don't care what you think. I'm not here to defend Intel because like any other company in the world, they want to make money and we want to get paid - no loyalty nor love. I can't stand though, people who spew misinformation from their coffee shop rumor. 
*
Untrue, MNC are product focused for long terms hence it have better job security and stable environment. When a MNC keeping on trimming headcount multiple times in 2-3 years its a red indicators that its business is facing issue.

1) Those factories are built with the cost of letting go other design and business function including aka Altera! And very very likely Intel business model in Msia will focus on Contract manufacturing rather than MNC! Intel quite flat with its recruitment after the last crazy hiring, those numbers will go down soon with ex-Altera spin-off!
3) FIFO is valid, a lot of new hired, exp hired, GT, CW being let go or push out within 1-2 years through the new OKR system which newly implemented. And yes other MNC like us will hire slow while retain both exp and young talent, we will preferred to adjust their project and keep them in our workforce. When we hire anyone fresh or exp, we will make sure we give them all the support they need to navigation and adopt to our culture but not judging them like asset for disposal when it didn't meet our early expectation. We worked in the industry long enough to know everyone around us and bad news travel fast, and we thank Intel for letting go so much of design talent which help Intel's competitors to growth!

You must have spending most of your time in Intel. Its time for you to come out to look around and learn more. MNC which in good shape are way way stable than contract manufacturing.

This post has been edited by soules83: Dec 26 2023, 06:02 PM
guysmiley
post Dec 26 2023, 06:00 PM

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QUOTE(IvanWong1989 @ May 9 2023, 06:44 PM)
So you wanna increase our unemployment?
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maybe coz intel opening new factory in israel so he want to support zionist
SUSrtk74
post Dec 26 2023, 10:37 PM

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QUOTE(soules83 @ Dec 26 2023, 05:54 PM)
Untrue, MNC are product focused for long terms hence it have better job security and stable environment. When a MNC keeping on trimming headcount multiple times in 2-3 years its a red indicators that its business is facing issue.

1) Those factories are built with the cost of letting go other design and business function including aka Altera! And very very likely Intel business model in Msia will focus on Contract manufacturing rather than MNC! Intel quite flat with its recruitment after the last crazy hiring, those numbers will go down soon with ex-Altera spin-off!
3) FIFO is valid, a lot of new hired, exp hired, GT, CW being let go or push out within 1-2 years through the new OKR system which newly implemented. And yes other MNC like us will hire slow while retain both exp and young talent, we will preferred to adjust their project and keep them in our workforce.  When we hire anyone fresh or exp, we will make sure we give them all the support they need to navigation and adopt to our culture but not judging them like asset for disposal when it didn't meet our early expectation. We worked in the industry long enough to know everyone around us and bad news travel fast, and we thank Intel for letting go so much of design talent which help Intel's competitors to growth!

You must have spending most of your time in Intel. Its time for you to come out to look around and learn more. MNC which in good shape are way way stable than contract manufacturing.
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Hnggghhhh jabil

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