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[IbizaPocholo]

Intel anuncia miles de despidos y cancela fábricas en Europa

La compañía pone freno a su expansión industrial y avisa de que si su proceso de nueva generación fracasa, se acerca al desastre.

www.elotrolado.net

Intel has been unable to clear the storm clouds gathering over its future. The company has released its financial report for the second quarter, and whereas in April it was already "surprising" that it spoke of a reorganization without mentioning layoffs, the latest figures paint a situation that verges on the dramatic.


If we look purely at the financials, year‑over‑year Intel's revenues have remained virtually flat, with a gross cash balance of $12.9 billion during Q2 2025, but its losses have risen by 80%, increasing from $1.6 billion to $2.9 billion.


On the industrial front, the company has confirmed the cancellation of its plans to build a megafactory for processors in Magdeburg, Germany, as well as an assembly and testing plant in Poland. It will also cease operations at its facilities in Costa Rica—where it operated another assembly and testing plant—although it will retain part of its workforce there for other activities.


In total, Intel will lay off around 24,000 workers worldwide. This will reduce its global headcount to approximately 75,000 people, down from 108,900 employees at the end of 2024.


Lip‑Bu Tan, Intel's new CEO, is crystal clear about what he expects from the company in the short term: it must either take off or crash. According to Tan, if Intel fails to secure an external customer for its new 14A process—necessary to fund its foundries—it may pause or even cancel internal development of next‑generation nodes. At that point, the effects would be catastrophic.


While continuing to sell its services as a contract semiconductor manufacturer—competing with Samsung and TSMC—Intel plans to double down on peak performance. The company has announced that it will restore SMT (Hyper‑Threading) for its server‑ and data‑center‑oriented processors, making them more versatile and efficient.


It is not yet entirely clear whether Intel also intends to incorporate this technology into its consumer processor lineup, but we know that the new SMT‑enabled chips will arrive with the Coral Rapids generation, the successor to Diamond Rapids. With this change, Intel hopes to stem its bleeding in the server market, where its share has fallen to 55%.

 

[diffusionx]

what a stupid shitty company run by retards

 

[Smiggs]

I'm afraid Intel may be in their death throes stage. It's unbelievable how much they've fallen in the last 10 years... Then again, how many years can you release a rehash of 14nm with 4 cores and expect to stay relevant?
I guess this is what happens when you prioritize short term profit over long term sustainability and growth.

 

[DenchDeckard]

An absolute shame. If Intel goes away....it will be a sad day.

 

[Signalis]

When shareholder value is more important than your product

 

[Spyxos]

They just can't go under. That would be a total disaster.

 

[StreetsofBeige]

I dont follow the cpu market, but skimming some google stats Intel still leads cpus over AMD by a good margin. But the fact Intel has bombed into the toilet for years going from a steady net profit maker to losing shitloads of money seems to go beyond just losing some market share pts to AMD.

So something odd happened the past 3-4 years.

They seem like an bloated chip maker. How many hardware companies are chopping 25% of workers? Pretty much every semiconductor or chip maker now makes good money. Whether they meet analyst estimates is a different story, but at least the raw sales and profits trend upwards. Yet Intel is doing a 180 spiraling head first into a pool with no water.

 

[The Cockatrice]

Working in IT these days is a mass murder huh? Fucking hell.

 

[SamuraiEdge]

Working in IT these days is a mass murder huh? Fucking hell.

Very fine my side in Hedgefunds/Finance MSP. Making £57k a year fully safe *rubs hand*

 

[Mr Moose]

So if you need a CPU/heater...

 

[Represent.]

hmmm... buy???

 

[StereoVsn]

An absolute shame. If Intel goes away....it will be a sad day.

I don't see US gov letting it to go away. Intel is like the only supplier of specialized chips that have to be made in Continental US.

It's going to be a shitshow though. I do understand the necessity of the cuts confiding the amount of cash Intel is losing. It's still a pretty sad day.

 

[SamuraiEdge]

I don't see US gov letting it to go away. Intel is like the only supplier of specialized chips that have to be made in Continental US.

It's going to be a shitshow though. I do understand the necessity of the cuts confiding the amount of cash Intel is losing. It's still a pretty sad day.

Wintel will be their only thing going for them, but they royally fucked up not persuing AI and other things letting AMD stealing their shit.,

Also, would you love a friendly hug, I got one for you in all friendly hug to give and you're the lucky man.

 

[StereoVsn]

I dont follow the cpu market, but skimming some google stats Intel still leads cpus over AMD by a good margin. But the fact Intel has bombed into the toilet for years going from a steady net profit maker to losing shitloads of money seems to go beyond just losing some market share pts to AMD.

So something odd happened the past 3-4 years.

They seem like an bloated chip maker. How many hardware companies are chopping 25% of workers? Pretty much every semiconductor or chip maker now makes good money. Whether they meet analyst estimates is a different story, but at least the raw sales and profits trend upwards. Yet Intel is doing a 180 spiraling head first into a pool with no water.

Big issue is that they didn't do a good job retooling their Fabs for external customers. Throw in variety of node issues and Intel doesn't have contracts to provide that external revenue.

 

[kiphalfton]

As an Intel stockholder bagholder, what a nightmare. Stock fell like $3 (from $23 to $20) in the span of like half a week, and before that has been going sideways for a year.

 

[StereoVsn]

Wintel will be their only thing going for them, but they royally fucked up not persuing AI and other things letting AMD stealing their shit.,

Also, would you love a friendly hug, I got one for you in all friendly hug to give and you're the lucky man.

lol, will take a raincheck on the hug!

I am not talking about Wintel though, but about chips and electronics specific to the Defense sector in UD. Intel is by far the main supplier in that field.

There are other specialized small scale manufacturers, but they don't have the capacity or expertise for high end chip design and they all work with Intel to fabricate.

 

[Interfectum]

Working in IT these days is a mass murder huh? Fucking hell.

It's only going to get worse.

 

[LordCBH]

Jesus Christ.

 

[The Cockatrice]

Very fine my side in Hedgefunds/Finance MSP. Making £57k a year fully safe *rubs hand*

I should move to finance as well damn.

 

[SamuraiEdge]

I should move to finance as well damn.

You need to look for finance/hedgefunds MSP in IT or internal. I had the choice of either these guys or blackstone, and I am glad I am where I am.

 

[winjer]

And things just got even worse at Intel, as the 14A node is now at risk.

Intel's 14A chip process in jeopardy, while cutting jobs and pulling back global expansion

This admission, made public in a regulatory filing, marks a notable shift for the chipmaker, which has traditionally set the pace for pushing leading-edge technologies but now...

www.techspot.com

The future of the 14A node – a successor to Intel's 18A and 18A-P processes – was called into question as executives discussed the company's earnings and investment strategy. While Intel remains committed to its current technology roadmap, CEO Lip-Bu Tan emphasized a new approach of market-driven development.

"The 14A is the process node, but clearly I will make sure that I see the internal customer, external customer, and volume commitment before I put CapEx," Tan told analysts during the earnings call. "But that is something that has to meet my requirement in terms of performance and yield. It's a lot of responsibility to be serving our customers, make sure that we can deliver the result – consistent, reliable result – to them, so that their revenue can depend on us."

 

[StereoVsn]

And things just got even worse at Intel, as the 14A node is now at risk.

Intel's 14A chip process in jeopardy, while cutting jobs and pulling back global expansion

This admission, made public in a regulatory filing, marks a notable shift for the chipmaker, which has traditionally set the pace for pushing leading-edge technologies but now...

www.techspot.com

So… they are not going to invest in next gen node before acquiring customers… who aren't going to jump since Intel's new node tech is totally unproven.

That's totally not what got them into the current problems in the first place.

 

[StreetsofBeige]

I should move to finance as well damn.

Well supposedly AI is also killing support roles like finance too. But the big axe I dont think has happened to support functions like that yet.

Finance is historically a stable kind of department, at least coming from non-tech industries I've always worked in. In consumer goods when shit hits the fan, it's almost never giant layoffs (unless a company is going broke I guess). The companies are usually pretty lean already and steady boring performers in the stock market. But layoffs do happen. But the ones I've seen arent really role/dept catastrophes. More like voluntary layoffs, or every department has to shed a few people, or the crappy performers go first. These companies arent heavy into IT/tech roles either and often they contract out these kinds of roles to IT/tech companies. The real meat and potatoes kinds of roles are traditional manufacturing and warehousing/shipping, and then the office staff to sell and market it.

Finance can pay well too. Not tech coder kinds of money, but even the lowest role like a sales analyst out of university will never get paid shit money. And these companies are never like tech companies where you get free drycleaning, free lunch and all those perks. You get a salary, bonus, get a box of freebies here and there, or you mooch some free stuff off a marketing manager and thats the job. At my company, I'd estimate any low analyst role (for any department) probably gets about $60-70k CDN. Even when we'd hire university summer students in the past they got paid I think $24/hr. It kept going up every year (I think it started at $20). A seasoned finance vet should clear $100k. And if you got some more seniority and a promotion here and there should get about $150k. Directors $150k+ and so on.

Tech companies are so volatile in their business and hiring practices, you get huge swings in hiring sprees and huge layoffs when things go sour. Most industries arent like this. But tech companies often have a lot of access to pots of money and have itchy wallets to spend.

 

[DenchDeckard]

I don't see US gov letting it to go away. Intel is like the only supplier of specialized chips that have to be made in Continental US.

It's going to be a shitshow though. I do understand the necessity of the cuts confiding the amount of cash Intel is losing. It's still a pretty sad day.

Hopefully Nova lake turns things around because I am hearing some cray stuff around performance but you cant trust anything until its actually benchmarked.

 

[SomeNorseGuy]

It's been almost non-stop bad news for them lately.

 

[Loomy]

How does Intel still have 24,000 people to lay off?

 

[SamuraiEdge]

It's been almost non-stop bad news for them lately.

Good.

 

[Walliwallipaloo]

Good.

They've made a (lot) of mistakes, but I don't think Intel going under is a net gain for anyone (other than their competitors, obviously).

Right now, though, it's not worth it to buy their new CPUs, simply because there's a rational fear they could basically die at any time. I don't see how they can recover from that.

 

[Gripsx]

crazy that AMD came out winning in the end

gone are the days of pentium

 

[Geometric-Crusher]

fear of the winter

 

[SJRB]

Unreal downfall. These idiots had it all at one point and just pissed world domination away.

 

[Ironbunny]

NVIDIA will buy them. Jensen has a death wish for Intel.

 

[Tajaz2426]

Skipping right into another gaming crash and I'm here again to see it. Let's go baby.

 

[Walliwallipaloo]

crazy that AMD came out winning in the end

gone are the days of pentium

Their CPUs are simply superior now, and have been for a while. It's not too terribly surprising.

 

[Sgt.Asher]

I should move to finance as well damn.

Medical IT is stable too.

 

[Fess]

hmmm... buy???

My thoughts exactly. Maybe it's actually time now. PE -5 How bad can it go?

 

[Haint]

How does Intel still have 24,000 people to lay off?

Even after this layoff they still have more than double AMD's and Nvidia's headcount. Just to give you an idea of how comically bloated they were before the mass firings, their headcount was damn near 6x AMD and Nvidia a couple years ago. Afaik their foundaries currently do very little business, certainly not enough to warrant employing an entire second half of the company.

 

[cormack12]

 

[winjer]

They still have more than double AMD's and Nvidia's headcount, just to give you an idea of how comically bloated they were before the mass firings. Afaik their foundaries currently do very little business, certainly not enough to warrant employing an entire second half of the company.

We have to consider that a decade ago, Intel dominated the CPU market, process nodes, and the biggest maker of integrated graphics. A huge market share in servers and workstations, and a presence in SSDs, NUCs, Apple PCs, embedded systems, etc. They even had a presence in the console market during the original Xbox.
So having so many people, was justified. But then they started losing big chunks off market to AMD, Nvidia, ARM, TSMC, Apple, ARM, Qualcomm, etc. So now they have to cutdown.
It's a consequence of terrible management that lasted close to 2 decades. And it's the workers paying for it, not the former CEOs, not the shareholders.

 

[Haint]

We have to consider that a decade ago, Intel dominated the CPU market, process nodes, and the biggest maker of integrated graphics. A huge market share in servers and workstations, and a presence in SSDs, NUCs, Apple PCs, embedded systems, etc. They even had a presence in the console market during the original Xbox.
So having so many people, was justified. But then they started losing big chunks off market to AMD, Nvidia, ARM, TSMC, Apple, ARM, Qualcomm, etc. So now they have to cutdown.
It's a consequence of terrible management that lasted close to 2 decades. And it's the workers paying for it, not the former CEOs, not the shareholders.

I'm referencing 2024 and 2023 headcounts there, not a decade ago. And shareholders are absolutely paying the price, the stock is at 2002 levels, basically they've lost nearly 25 years of time and gains.

 

[winjer]

I'm referencing 2024 and 2023 headcounts there, not a decade ago. And shareholders are absolutely paying the price, the stock is at 2002 levels, basically they've lost nearly 25 years of time and gains.

Considering how much money the shareholders extracted from the company for several decades, they have lost nothing.

 

[yurinka]

They lay off 24000 people and still have 75000 more? Why do they have so many people? Do they something else other than chips? At least part of these chips are manufactured externally, so they don't need 100K people at all.

They must do mostly military and intelligence agencies stuff, in addition to be the home of retired corrupt politicians. Because this is the only explanation.

 

[LiquidMetal14]

In theory you want this to work out as it is a good thing for the industry for healthy competition. But much like giving money to certain States in this country which blow it with stupid programs, I'm not sure if I have any trust and Intel to turn it around enough. You want some success but not just at a pity. You want good products that are efficient and competitive with the competition. They had the pole position for a long time. They got complacent and arrogant or whatever other statement you want to use.

AMD finally got their act together and they haven't looked back since. And I was willing to pay a premium for the best when intel was the best and AMD is no different for me. As long as AMD doesn't drop the ball then I will always be going to them for the performance and I said the same exact thing about Intel around 10 years ago. And I still say the same thing about Nvidia right now until enough mess ups happen and maybe some competition is at least there to sway people.

 

[analog_future]

For a company like Intel to flouder like this is just insane. Pure ineptitude a the top, plain and simple.

 

[neocycle]

They just can't go under. That would be a total disaster.

Why? Just buy a macbook air.

 

[Haint]

Considering how much money the shareholders extracted from the company for several decades, they have lost nothing.

Shareholders only extract money if they sell their shares. All the people with Intel exposure in their IRA/401Ks didn't extract anything.

 

[Sgt.Asher]

What happened to that intel guy around here? Used to defend 14nm++++++ to the death.

 

[cinnamonandgravy]

remember when intel claimed they could do 5ghz

 

[winjer]

Shareholders only extract money if they sell their shares. All the people with Intel exposure in their IRA/401Ks didn't extract anything.

Intel pays dividends to it's shareholders.
Just a little over a year ago, Intel was still paying 1 Billion dollars per quarter to shareholders.
Money that was better spent investing in the company.
It was because shareholders wanted more and more money that Intel cut it's R&D to a single digit number, which then caused the company to be in the current sorry state.

 

[Smiggs]

What happened to that intel guy around here? Used to defend 14nm++++++ to the death.

Intel laid him off awhile ago.