Intel to layoff 15,000 employees as CPU strategy shifts

https://www.pcworld.com/article/2416100/intel-will-lay-off-thousands-as-its-rethinks-its-strategy.html

by crummy • 2 years ago

23 10 2 years ago

To be perfectly frank, if intel is going to layoff that many people, I will not buy any intel thing ever again. They are run by MBAs that don't know anything about engineering and that shows that is a competitive disadvantage for the foreseeable future. Intel seals their legacy to the path of fairchild with these actions, aka Dead.

And everyone else around the CEO is a finance related MBA, they brought him back to lend legitimacy, which isn't working according to their actions.

martinpw• 2 years ago

Intel is run by Pat Gelsinger. He is an engineer.

BeetleB• 2 years ago

And the last CEO to do major layoffs was also an engineer.

basementcat• 2 years ago

Fairchild Semiconductor currently exists as a part on ON Semiconductor.

https://www.businesswire.com/news/home/20160919005796/en/Sem...

scrubs• 2 years ago

Your assessment of the situation is flawed.

sarimkx• 2 years ago

15,000 people?? How many households will that affect?

muti• 2 years ago

From the article

  Intel said Thursday that the company will lay off more than 15 percent of its workforce

and

  Intel will cut roughly 15,000 of its 131,000-employee headcount, most by the end of the year

15% of 131,000 is ~20,000, so are there more to come or is workforce =/= headcount?

floxy• 2 years ago

No idea, but it probably wouldn't be unusual to have 4% turn over / retirements every year, which could make up for the 5,000 discrepancy.

dr_kiszonka• 2 years ago

Some were offered a nice severance to leave voluntarily.

fsflover• 2 years ago

Earlier submission: https://news.ycombinator.com/item?id=41133489

Intel to layoff 15,000 employees as CPU strategy shifts

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