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[Itchy Tickles]

My current PC builds is the first time I have ever gone with an AMD CPU (7800x3d), and I am so extremely happy.

Intel have had some major issues with their CPUs and communication with companies in regards to motherboards, so its not a shock in that sense, but on the other hand it is a shock as people are creatures of habit and can have a weird "loyality" to a company so seeing push back was a good thing.

Of course CEOs will get bigger bonuses all while acting they had to sleep in their car last month.

 

[Lord Panda]

What this is going to do is prop up stock enough (watch for stock buybacks as well) that the new CEO earns a good golden parachute to jump out as soon as he makes that $$$$.

 

[Famipan]

What has to be done has to be done.
Stockowners wants to see profit. Hopefully this can save Intel

 

[MrCunningham]

From 2017 onward Ryzen was a massive fatal blow to Intel. Yeah, the first gen Ryzens were a little underpinned. But that didn't last long. Intel has been scrambling for solutions since then. With the efficiency cores and such. They have released some interesting CPU products. But AMD CPU division has been on a roll in the desktop, server, workstation, PC-handheld (Steam Deck) and home console markets.

 

[Mortisfacio]

I turned down an offer for Intel years ago. Every time I see their name come up with layoffs, I'm happy I declined that. Employment uncertainty terrifies me and Intel has just been on too much of a losing streak lately.

 

[Trogdor1123]

For those more in the know, how much of the issues being experienced are due to their fabs never being able to get up to speed? It seems like they failed at ever shrink for some reason.

 

[Haint]

This is nonsense. They aren't finding 20k+ "useless" middle managers out of 109K employees. And you need some middle managers since otherwise shit is going to be chaotic.

Once you get over 10 or so people at a management layer (tech management), things are going to start getting dropped.

What this is going to do is prop up stock enough (watch for stock buybacks as well) that the new CEO earns a good golden parachute to jump out as soon as he makes that $$$$.

1000%. There are far more than 20K "useless" employees, and almost definitely 10's of thousands more to come. They had nearly 130K employees little over a year ago, basically as many as Apple, and they're like 1/20th the size of Apple competing in 1/20th of the markets, industries, and segments that Apple's does. For reference Nvidia has like 25K employees and AMD has like 35K. Intel would still be bloated at around 60K employees, and that's total across both chip design and the foundry business. It's clear that many of you guys have never worked in or operated around large corporate office environments, the numbers of people who literally do nothing all day is staggering.

Hopefully it was sales and marketing and not the people that design the chips. Can't make chips without designers and engineers.

Their CEO explicitly said this is about firing useless office roles to refocus on engineering, whether you believe him or it's just PR doublespeak will remain to be seen.

 

[StereoVsn]

1000%. There are absolutely 20K "useless" employees, and almost definitely 10's of thousands more to come. They had nearly 130K employees little over a year ago, basically as many as Apple, and they're like 1/20th the size of Apple competing in 1/20th of the markets, industries, and segments that Apple's does. For reference Nvidia has like 25K employees.



Their CEO explicitly said this is about firing office roles to refocus on engineering, whether you believe him or it's just PR doublespeak will remain to be seen.

Intel has manufacturing facilities unlike Apple or Nvidia. They have multiple fabs. That's the reason for larger headcount.

Edit: And no, the CEO is full of it. We have seen this shit from Executive office many times from different companies.

 

[Dalbajobas]

I don't wanna be that guy , but the writing was on the wall for the last 5+ years. Without some mega miracle, they're done. Who will replace them for second best CPU manufacturers spot?

 

[Haint]

Intel has manufacturing facilities unlike Apple or Nvidia. They have multiple fabs. That's the reason for larger headcount.

Edit: And no, the CEO is full of it. We have seen this shit from Executive office many times from different companies.

TSMC is dozens of times the size of Intel's foundry business and has 75K employees. So even if we wanted to pretended their fabs were at a fraction of the scale of TSMC, they were still comically overstaffed before this cut.

 

[StereoVsn]

TSMC is dozens of times the size of Intel's foundry business and has 75K employees.

TSMC doesn't design CPUs, FPGA, motherboard chipsets, Video Cards and other designs.

They are TSMC + AMD basically.

 

[Haint]

TSMC doesn't design CPUs, FPGA, motherboard chipsets, Video Cards and other designs.

They are TSMC + AMD basically.

No, they're AMD + a baby version of TSMC, their foundry business personnel count at present should be 1/2 or 1/4th the size of TSMC's at most. If they can grow it to TSMC scale they will warrant having 110K employees.

 

[ResilientBanana]

Intel has manufacturing facilities unlike Apple or Nvidia. They have multiple fabs. That's the reason for larger headcount.

Edit: And no, the CEO is full of it. We have seen this shit from Executive office many times from different companies.

Given the 13th and 14th gen fiasco it appears that the fab workers need the axe. They fucked up there and I don't think that was the CEO's issue. He relies on his managers and gives vision to the company. It's the operations managers that clearly blew smoke up his ass.

But either way, as of March they have a new CEO.

 

[StereoVsn]

Given the 13th and 14th gen fiasco it appears that the fab workers need the axe. They fucked up there and I don't think that was the CEO's issue. He relies on his managers and gives vision to the company. It's the operations managers that clearly blew smoke up his ass.

But either way, as of March they have a new CEO.

Yeah, there have been multiple years of fuckups that started with Krzanich and Swan.

And these two made some stupid acquisitions, dumb cuts, stock buybacks and so on. And retired with many millions of $.

 

[Tajaz2426]

Good news: Coal mines are opening again, guess they can learn to mine. Do not need those pesky coders anymore.

Sometimes life just brings a smile to
Your face.

 

[ResilientBanana]

Yeah, there have been multiple years of fuckups that started with Krzanich and Swan.

And these two made some stupid acquisitions, dumb cuts, stock buybacks and so on. And retired with many millions of $.

Is what it is. Reading Tan's background I agree with what he's doing. Them using TSMC for gens 15 and 16 hopefully will start making their workforce quake in their boots. Personally, I think he's ditching all the woke folks, useless departments, and other fat weighing Intel down. I'm all for it. I may buy stock now.

 

[The Mad Draklor]

@Leonidas looking for a new job

Him making excuses for bad products was quite a hoot.

In all seriousness, I genuinely want Intel to get better and be competitive. However, that is up to Intel and they're not entitled to get bailed out.

 

[Insane Metal]

Damn. I feel bad for all those people.

Edit: hopefully this helps Intel get their shit together and start making good CPUs again.

 

[DeepEnigma]

Good news: Coal mines are opening again, guess they can learn to mine. Do not need those pesky coders anymore.

Sometimes life just brings a smile to
Your face.

#LearnToCoal?

 

[kiphalfton]

I mean, I don't know how they could have avoided a massive restructuring after the absolute buttfucking they've been taking. Catastrophically bad stewardship for years that yes - as you said - the employees will pay the price for. At least the dumbfuck CEO got ousted.

Lmao at blaming it solely on the CEO...

Sounds like it's more the idiot chair members. They didn't help their situation by having nobody to replace Pat G for however many months.

Super bad look, and no wonder their stock tanked.

 

[Danny Dudekisser]

Lmao at blaming it solely on the CEO...

Sounds like it's more the idiot chair members. They didn't help their situation by having nobody to replace Pat G for however many months.

Super bad look, and no wonder their stock tanked.

I'm not limiting the blame to the CEO, I'm just noting that he got the axe. Totally agree that the rot goes a lot farther than that.

 

[cinnamonandgravy]

Expect ARC GPU to be a casualty of this.

eh not sure
they want to go into the AI space hard, which is basically the gpu space.
just dont see them outperforming nvidia though.

18a looks good and seems theyre throwing a ton of effort behind their fab.
and the us govt wants a competitive, fully domestic fab.

new ceo is famous for saying intel has gotten fat, lazy, bureaucratic, etc.
mass layoff makes sense.

intel has a lot of work to do, but if they can get it back together, they could be a massive player again, even #1.

 

[SABRE220]

Ah yes but its also time for the CEO to get another record bonus.