News Intel CEO announces layoffs, restructuring, expanded return to office mandate

[Admin]

Intel CEO Lip Bu-Tan announced a series of sweeping measures today, including an unspecified number of layoffs, a company restructuring, the elimination of non-core products, and a return-to-office mandate, as the company presented its first-quarter earnings report.

Intel CEO announces layoffs, restructuring, expanded return to office mandate : Read more

 

[coolitic]

A flamethrower's pretty much the only chance that Intel has to turn things around...

but it's no guarantee either, ofc.

 

[punkncat]

Nice article and IMO seems a pretty smart move to try and revitalize the innovation. This comes after years of being on top so high that the company didn't foresee a return of competition and stagnated with products barely better (if not worse) than previous generations.

It is my hope that they can find a way to gather consumer interest and trust. Having a couple of companies who both offer good products at reasonable pricing makes for a great atmosphere for enthusiasts.

 

[JamesJones44]

You can't cut your way to prosperity, but 8 layers deep is insane and violates my 5 max rule with 3 being optimal for non-mega companies. They should claw back some money from the leaders that let it get 8 deep.

 

[pclaughton]

Funny how these cuts and policies always target the rank-and-file and not the empty suits who got them into this mess. 🤔

 

[acadia11]

Think you are reading it wrong, Intel has far more than a flame throwers chance .., their salvation is not about the technology it’s about the market and politics. China is coming on strong … you can’t stop it with tariffs won’t happen, they are a superpower … people think globalization is a new phenomenon, we have been globalizing since we stepped out of Africa, its that simple …. So now that everyone is coming around to the arena isn’t going to change, what’s the next battle plan? and that is why Intel can succeed.

 

[acadia11]

You can't cut your way to prosperity, but 8 layers deep is insane and violates my 5 max rule with 3 being optimal for non-mega companies. They should claw back some money from the leaders that let it get 8 deep.

On this we agree their leadership needs to go … Intel is not disruptive and frankly hasn’t been good at what they do for some years. Coca Cola …. Is still the cola although they aren’t so innovative … they know what it is to be a beverage company and they’ve done that well for years. And that is due to their secret formula, great leadership.

 

[Brainle55]

Not so long ago, Intel laid off at least 15,000 people. And then it received a nice $10 billion subsidy. Now it's throwing 20,000 more. Will it get a $20 billion subsidy?

It's always funny, in this unique capitalist system, to talk about "private" while simultaneously talking about subsidies. But subsidies come from the population, and therefore from the public.

So why not, instead of giving money to the rich, build public factories? Selling products to the population without profit. And if we sell abroad, a small profit could exist for maintenance and paying employees' salaries. No one would earn millions a year.
And in any case, money is not necessary to live; all that is needed is natural resources and their equitable sharing among the people living in a given territory. Which is obviously heresy for all the rich, all the greedy, all the liars on this planet.

But hey, that will never happen. Especially since all the media belong to the rich. Propaganda being the most powerful weapon ever invented, a few people, especially if they aren't rich, won't be able to change anything.

Let's bet Lip Bu-Ta will get a bounty of at least $10 million for putting people on the streets.
Let's also bet that as long as humans exist, capitalism will remain, the rich, and therefore the poor too.
What do you think of a world where old people are killed under the pretext of "lack of money" (therefore fewer doctors, fewer nurses, etc.). And we call this "dying with dignity" because it's clear that all old people want to die...
Where the population's safety continues to decline, another fact of money (therefore fewer politicians, judges, etc.).
We already eat humans in China, India, and probably elsewhere.
It seems that "reality" surpasses fiction, and by a long way now.

Since technology ultimately only favors the rich, what propagandists (who call themselves "journalists") call AI will be another tool used by the rich and politicians to further cut the public purse (is this possible, since there's practically nothing left for the public?) yet the population continues to pay for fictitious services, with all the money going to the rich ("deficits," "debts," "crises," "terrorism," etc., and currently "AI": AI has said to cut (public) health care, (public) education. It has said to increase the cost of food, housing, everything).

Of course, we won't say that AIs are programmed by slaves, employees, in the pay of the rich to spread all these lies.
There's definitely nothing to be done with humans. They are the dumbest of animals, and their intelligence barely exceeds that of a doorknob.

Nothing new: nothing is more pleasant for the rich than seeing others in misery. Nothing is more enjoyable for the rich than believing themselves to be God.

When a rich person loses their "job" (even though no one is working), they have no trouble finding something else. We, the rich, always need rich people to make other rich people richer.

And in the "worst" case, being rich, having never worked in their lives, having never been afraid of the future, being rich, they don't give a damn. Only their infinite pride, their ego, is hurt when they are found to be less "efficient" ("performance to rig to enrich themselves and other rich people").

OKR. Another word, a tool invented by the rich to squeeze ever more lemons. When there's no more juice, they change the lemon.

For the rich, the population serves only as slaves. It has always been, is, and will always be. It's not surprising to see Health and Education in the private sector. The rich don't want healthy and educated people. Imagine people who reflect, who think!
What a disaster for the rich.

Luckily, there's TV, smartphones, and all the other nonsense to further dumb down the already dumb population...

 

[acadia11]

Not so long ago, Intel laid off at least 15,000 people. And then it received a nice $10 billion subsidy. Now it's throwing 20,000 more. Will it get a $20 billion subsidy?

It's always funny, in this unique capitalist system, to talk about "private" while simultaneously talking about subsidies. But subsidies come from the population, and therefore from the public.

So why not, instead of giving money to the rich, build public factories? Selling products to the population without profit. And if we sell abroad, a small profit could exist for maintenance and paying employees' salaries. No one would earn millions a year.
And in any case, money is not necessary to live; all that is needed is natural resources and their equitable sharing among the people living in a given territory. Which is obviously heresy for all the rich, all the greedy, all the liars on this planet.

But hey, that will never happen. Especially since all the media belong to the rich. Propaganda being the most powerful weapon ever invented, a few people, especially if they aren't rich, won't be able to change anything.

Let's bet Lip Bu-Ta will get a bounty of at least $10 million for putting people on the streets.
Let's also bet that as long as humans exist, capitalism will remain, the rich, and therefore the poor too.
What do you think of a world where old people are killed under the pretext of "lack of money" (therefore fewer doctors, fewer nurses, etc.). And we call this "dying with dignity" because it's clear that all old people want to die...
Where the population's safety continues to decline, another fact of money (therefore fewer politicians, judges, etc.).
We already eat humans in China, India, and probably elsewhere.
It seems that "reality" surpasses fiction, and by a long way now.

Since technology ultimately only favors the rich, what propagandists (who call themselves "journalists") call AI will be another tool used by the rich and politicians to further cut the public purse (is this possible, since there's practically nothing left for the public?) yet the population continues to pay for fictitious services, with all the money going to the rich ("deficits," "debts," "crises," "terrorism," etc., and currently "AI": AI has said to cut (public) health care, (public) education. It has said to increase the cost of food, housing, everything).

Of course, we won't say that AIs are programmed by slaves, employees, in the pay of the rich to spread all these lies.
There's definitely nothing to be done with humans. They are the dumbest of animals, and their intelligence barely exceeds that of a doorknob.

Nothing new: nothing is more pleasant for the rich than seeing others in misery. Nothing is more enjoyable for the rich than believing themselves to be God.

When a rich person loses their "job" (even though no one is working), they have no trouble finding something else. We, the rich, always need rich people to make other rich people richer.

And in the "worst" case, being rich, having never worked in their lives, having never been afraid of the future, being rich, they don't give a damn. Only their infinite pride, their ego, is hurt when they are found to be less "efficient" ("performance to rig to enrich themselves and other rich people").

OKR. Another word, a tool invented by the rich to squeeze ever more lemons. When there's no more juice, they change the lemon.

For the rich, the population serves only as slaves. It has always been, is, and will always be. It's not surprising to see Health and Education in the private sector. The rich don't want healthy and educated people. Imagine people who reflect, who think!
What a disaster for the rich.

Luckily, there's TV, smartphones, and all the other nonsense to further dumb down the already dumb population...

I’ll answer your question in one simple answer as to why they get subsidies and the population actively fight against getting their own subsidies … SS, Medicare, Money for education … etc … it’s simple the wealthy think it makes perfect sense that you transfer your funds to them and the average person thinks somehow it’s bad to give subsidies to themselves.

“It’s not a question of enough, pal. It’s a zero-sum game, somebody wins, somebody loses. Money itself isn’t lost or made, it’s simply transferred from one person to another.”

-Gordon Gecko

 

[hotaru251]

so in past half yr they have cut 1/5th of their size....they shouldnt get chips funding with that massive amount of cutting.
its not the random peoples fault the company is liek it is...cut top sides pay and benefits :|

 

[SirStephenH]

Not so long ago, Intel laid off at least 15,000 people. And then it received a nice $10 billion subsidy. Now it's throwing 20,000 more. Will it get a $20 billion subsidy?

It's always funny, in this unique capitalist system, to talk about "private" while simultaneously talking about subsidies. But subsidies come from the population, and therefore from the public.

So why not, instead of giving money to the rich, build public factories? Selling products to the population without profit. And if we sell abroad, a small profit could exist for maintenance and paying employees' salaries. No one would earn millions a year.
And in any case, money is not necessary to live; all that is needed is natural resources and their equitable sharing among the people living in a given territory. Which is obviously heresy for all the rich, all the greedy, all the liars on this planet.

But hey, that will never happen. Especially since all the media belong to the rich. Propaganda being the most powerful weapon ever invented, a few people, especially if they aren't rich, won't be able to change anything.

Let's bet Lip Bu-Ta will get a bounty of at least $10 million for putting people on the streets.
Let's also bet that as long as humans exist, capitalism will remain, the rich, and therefore the poor too.
What do you think of a world where old people are killed under the pretext of "lack of money" (therefore fewer doctors, fewer nurses, etc.). And we call this "dying with dignity" because it's clear that all old people want to die...
Where the population's safety continues to decline, another fact of money (therefore fewer politicians, judges, etc.).
We already eat humans in China, India, and probably elsewhere.
It seems that "reality" surpasses fiction, and by a long way now.

Since technology ultimately only favors the rich, what propagandists (who call themselves "journalists") call AI will be another tool used by the rich and politicians to further cut the public purse (is this possible, since there's practically nothing left for the public?) yet the population continues to pay for fictitious services, with all the money going to the rich ("deficits," "debts," "crises," "terrorism," etc., and currently "AI": AI has said to cut (public) health care, (public) education. It has said to increase the cost of food, housing, everything).

Of course, we won't say that AIs are programmed by slaves, employees, in the pay of the rich to spread all these lies.
There's definitely nothing to be done with humans. They are the dumbest of animals, and their intelligence barely exceeds that of a doorknob.

Nothing new: nothing is more pleasant for the rich than seeing others in misery. Nothing is more enjoyable for the rich than believing themselves to be God.

When a rich person loses their "job" (even though no one is working), they have no trouble finding something else. We, the rich, always need rich people to make other rich people richer.

And in the "worst" case, being rich, having never worked in their lives, having never been afraid of the future, being rich, they don't give a damn. Only their infinite pride, their ego, is hurt when they are found to be less "efficient" ("performance to rig to enrich themselves and other rich people").

OKR. Another word, a tool invented by the rich to squeeze ever more lemons. When there's no more juice, they change the lemon.

For the rich, the population serves only as slaves. It has always been, is, and will always be. It's not surprising to see Health and Education in the private sector. The rich don't want healthy and educated people. Imagine people who reflect, who think!
What a disaster for the rich.

Luckily, there's TV, smartphones, and all the other nonsense to further dumb down the already dumb population...

I think the way to go many times is to support nonprofits over for-profit companies. A nonprofit wouldn't take subsidies and grants and use them to pay off their shareholders while laying off workers and cutting pay/benefits like a for-profit company would, they'd use them as intended.

For instance, California, although it's behind schedule, is working with a nonprofit to manufacture $30 insulin for the state. This will easily replace insulin manufactured for insane profits unless their price is lowered to compete.

 

[thestryker]

Yeah this strategy doesn't smack of benefiting long term company health. Without a definition of non-core products I'd love to know what that means. Intel ditched pretty much all of the higher cost/money losing products from the portfolio. I fail to see how making people come into the office serves anyone in a tangible way unless work wasn't being done and if that's the case it falls on bad management not employee location.

The two things that should be guaranteed positives are cutting bureaucratic depth and removing team size as a KPI.

While I understand the necessity of a restructure one would think making sure you're not feeding other companies your talent in the process would be important.

 

[King_V]

Tan also noted that the current policy, which requires employees to be on site for three days per week, has not been followed consistently. The company will now require all employees to be in the office for four days per week, effective September 1.

Funny, this is the one policy change where there is ZERO explanation of how this will improve efficiency and/or reduce costs.

 

[usertests]

Too many cooks in the kitchen. Send them to the soup kitchen.

 

[Reverend_Clint]

You can't cut your way to prosperity, but 8 layers deep is insane and violates my 5 max rule with 3 being optimal for non-mega companies. They should claw back some money from the leaders that let it get 8 deep.

The layers more often than not have little to do with the product... Like just MBA empty suits or people with no tech background.

 

[Reverend_Clint]

Funny how these cuts and policies always target the rank-and-file and not the empty suits who got them into this mess. 🤔

Oh man it was rough when they cut the maintenance staff at the Folsom site. Dropped to like a handful of people. We went from nightly garbage pick up to maybe once a week. Don't even get me started on the bathrooms. It was rough enough with a bunch Indian dudes who can't handle a urinal.

 

[KraakBal]

What everyone with a working brain knew was needed 7 years ago..
Better late than never

 

[excalibur1814]

Look... they've had their mad parties, they've gathered the insane profits, but no business has to really try if the cash is coming in. They, as they ALWAYS DO, will quickly turn this around. Ideally, two ranges... top performance and performance with excellent battery life. Keep it simple Intel!

Maybe the streamlined Windows 11/12, for gaming handhelds, will offer Intel a chance to really push new chips.

 

[TheOtherOne]

How much "bonuses" did top executives earn last year and how much are the STILL gonna earn next year? 🤔

 

[watzupken]

This is the main problem with a public listed company where the people funding and running the business seeks nothing more than just filling their pockets. The CEO is just an employee that’s paid to run the company to bring in money. When you can’t bring in the money, the next option is to cut cost. Ultimately, they don’t own the company nor have the passion to make it successful. And at the end of the day, they still get paid handsomely when it comes to pay and golden handshake.

 

[TerryLaze]

The CEO is just an employee that’s paid to run the company to bring in money. When you can’t bring in the money, the next option is to cut cost.

Why are you talking about in general?!

Intel is spending all of the money they make on building FABs, they are bringing in the money, not crazy money but if they didn't have to spend it on FABs it would be more than enough for the shareholders to be happy.

 

[Heiro78]

You can't cut your way to prosperity, but 8 layers deep is insane and violates my 5 max rule with 3 being optimal for non-mega companies. They should claw back some money from the leaders that let it get 8 deep.

Does 8 layers deep mean, 8 layers of managers between an executive and an individual contributing employee?

 

[bill001g]

Does 8 layers deep mean, 8 layers of managers between an executive and an individual contributing employee?

It could easily be in huge companies. They have the line managers plus they have massive amounts of project and change management managers. They sit around in meetings without the actual end workers and talk about all their metrics and paper work but many times have no clue what they really are talking about. They depend on some report the employee is expect to produce so they can discuss it in a meeting. The tech guys would rather not sit in these meetings anyway but if you had a meeting with a single manager and all the tech guys it would go much better having them talk directly rather than going though multiple levels of bureaucracy

This is not uncommon people that are not doing the actual work need a way to be promoted so they tend to make up more layers of management so more and more people can get more money.

Intel actually has a technical track where skilled tech people make more than their direct supervisor. Problem is you have to really be good to get these promotions, others who are not decide to be some kind of manager.

 

[Heiro78]

It could easily be in huge companies. They have the line managers plus they have massive amounts of project and change management managers. They sit around in meetings without the actual end workers and talk about all their metrics and paper work but many times have no clue what they really are talking about. They depend on some report the employee is expect to produce so they can discuss it in a meeting. The tech guys would rather not sit in these meetings anyway but if you had a meeting with a single manager and all the tech guys it would go much better having them talk directly rather than going though multiple levels of bureaucracy

This is not uncommon people that are not doing the actual work need a way to be promoted so they tend to make up more layers of management so more and more people can get more money.

Intel actually has a technical track where skilled tech people make more than their direct supervisor. Problem is you have to really be good to get these promotions, others who are not decide to be some kind of manager.

So my description was accurate? I was asking for the meaning of 8 layers deep

 

[redgarl]

He is doing something right which is trying to focus, but he is also wrong because he doesn't focus on their strength, but on what is VITAL for Intel.

When Lisa Su took over AMD, she decided to focus on compute. She knew this was AMD strength.

Intel strength is not what is VITAL for Intel because their old strategy with OEMs and CPUs doesn't work anymore. Their house of cards is crumbling because they don't have the cashflow to BUY themselves marketshare.

They can claim whatever they want with their 18a process, but as long as TSMC is having better packaging technologies, Intel will never be able to become relevant.