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 Intel Layoffs Announced For 2023, After Largest Quarterly Loss Ever

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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.
Obosh
post Dec 26 2023, 03:03 PM

Getting Started
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Junior Member
50 posts

Joined: Aug 2021


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.
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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. 


 

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