News Intel lays off hundreds of engineers in California, including chip design engineers and architects — automotive chip division also gets the axe

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I think Intel is doing much of its advanced design and manufacturing in Israel now.
They expanded there only a couple years ago. How many are being laid off in Israel?
 
An interesting between-the-lines read is they did not spin off the division, so they want to keep whatever IP they generated from this. Or that's what I can interpret from this move.

Sad to see more engineers get the boot due to piss poor management, but that's part of daily life now.

Regards.
 
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Notton said:
https://kr-asia.com/intels-new-automotive-play-centers-on-modular-chips-but-will-carmakers-commit
This was from May 2025.

I don't follow automotive chips, so IDK if Intel automotive taped out something new, but that's usually when engineers are fired.
The only time you want a massive team is when you're designing an entirely new chip/software. Once that's done, all you need is a skeleton crew to fix bugs and make minor improvements for the next gen.
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Honestly Intel's automotive division is likely a drag on their resources. It's a really small part of their revenue, and has massive competition from all over the world. These are small, inexpensive embedded processors.

Their big automotive related investment was Mobileye, which was spun off as a separately traded company (Intel controls it). Mobileye does autonomous driving and ADAS or driver assistance, and is based in Israel. It's losing money.
 
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coolitic said:
Mongolion flame-thrower doin' some (probably good) work.

Hopefully this new push works out in the end; I suspect that it was either this or a slow death for Intel.
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A slow death is impossible.
It's either this or getting a huge loan (which would be bad) or stop building the additional fabs for a few years (which would be even worse)

Intel still has a huge sales volume (revenue) and still makes a good net income, even though it all goes into the new FABs ,so there is no way for a slow death, they would have to not sell anything and not make any money for that to happen.
 
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TerryLaze said:
ntel still has a huge sales volume (revenue) and still makes a good net income,
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too bad this doesnt tell the true health of the company, you know what does terry ? and my financial advisor said this... while i was talking to him about an investment ( mutual funds ) i have, the stock price and the market cap a company has, and in intels case.. thats has been dropping over the years... for intel, THAT is not healthy...


but keep touting how much money intel is making all you want if it makes you feel better... all the things intel is doing to cut costs and save money, and the stock price and market cap, really shows how intel is doing... not its sales
 
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Ogotai said:
too bad this doesnt tell the true health of the company, you know what does terry ? and my financial advisor said this... while i was talking to him about an investment ( mutual funds ) i have, the stock price and the market cap a company has, and in intels case.. thats has been dropping over the years... for intel, THAT is not healthy...
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Yeah, this trend reflects investor sentiment towards the company and its prospects.

Ogotai said:
but keep touting how much money intel is making all you want if it makes you feel better... all the things intel is doing to cut costs and save money, and the stock price and market cap, really shows how intel is doing... not its sales
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Maybe he thinks he's smarter than the market. That can be a very expensive mistake, as I'm sure quite a few have learned!
 
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Ogotai said:
too bad this doesnt tell the true health of the company, you know what does terry ? and my financial advisor said this... while i was talking to him about an investment ( mutual funds ) i have, the stock price and the market cap a company has, and in intels case.. thats has been dropping over the years... for intel, THAT is not healthy...
Click to expand...
Yes the stock price is the only thing that is important.....if you are trading stocks....... (market cap is just all stocks put together)
It has less to do with the health of a company and more to do with how many gamblers think they can get money from trading the stock.
https://www.thestreet.com/memestocks/gme/gamestop-stock-meme-mania-makes-a-comeback
a41a9d1f-c696-49c6-8932-ba87d7057e4f.webp
 
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TerryLaze said:
Yes the stock price is the only thing that is important.....if you are trading stocks....... (market cap is just all stocks put together)
It has less to do with the health of a company and more to do with how many gamblers think they can get money from trading the stock.
https://www.thestreet.com/memestocks/gme/gamestop-stock-meme-mania-makes-a-comeback
a41a9d1f-c696-49c6-8932-ba87d7057e4f.webp
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Interesting time window, there. If you showed a longer-term view, it would be clear that Gamestop settled down after the market manipulation stopped.

BTW, it's no accident that the people behind that pump-and-dump scheme chose to go after Gamestop. It had a very small market cap, meaning the potential for manipulation was huge. Even now, Intel's market cap is like 10x, which makes it much less susceptible to market manipulation.
 
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TerryLaze said:
Yes the stock price is the only thing that is important.....if you are trading stocks....... (market cap is just all stocks put together)
It has less to do with the health of a company and more to do with how many gamblers think they can get money from trading the stock.
https://www.thestreet.com/memestocks/gme/gamestop-stock-meme-mania-makes-a-comeback
a41a9d1f-c696-49c6-8932-ba87d7057e4f.webp
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i still trust my advisor over any thing you say terry, no matter what...

go here the 5 year view, for a bigger time window...

also why post games stop sock prices vs intels ?? oh wait.. cause that would show intel, is not a good investment as it once was, as my advisor said....
 
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TerryLaze said:
A slow death is impossible.
It's either this or getting a huge loan (which would be bad) or stop building the additional fabs for a few years (which would be even worse)

Intel still has a huge sales volume (revenue) and still makes a good net income, even though it all goes into the new FABs ,so there is no way for a slow death, they would have to not sell anything and not make any money for that to happen.
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where is the fancy graph showing Intel still doing well ??

A company making money terry is NOT laying off workers , sacking CEO's and closing down divisions..

I would point out that is how a company saves money if they are sinking by slashing jobs and closes divisions to keep the company afloat !!

I love the championing of Intel you do its almost blind loyalty at this point ..

Ohh there is a rumour the so called NEW FAB has been stalled again at this point Intel might open their new fab in 2050 !!

Its not the constant championing that you do terry , GOD knows consumers need Intel to survive !!

Its the blind loyalty to a company that keeps making mistakes and ( show me all the graphs you want ) they are losing against AMD in almost every market ..

And yet every time there is a article stating Intel are losing money and needs to shut down divisions or their stock is crashing terry comes out with positive PR for a company drowning ..

Maybe Intel need a terry laze PR guy !!
 
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Tan was the same guy that heavily criticised then CEO Gelsinger for sacking engineers rather than middle-management, and yet here we are doing the same thing on an even larger scale. Good to see nothing has changed.
 
Ogotai said:
i still trust my advisor over any thing you say terry, no matter what...

go here the 5 year view, for a bigger time window...

also why post games stop sock prices vs intels ?? oh wait.. cause that would show intel, is not a good investment as it once was, as my advisor said....
Click to expand...
your financial advisor is a money laundering pyramid schemer who built a career on vulture capitalism which is based on speculative nonsense, rooted in nothing but finance bros saying "source: bro trust me", with zero value other than *vibes* and shareholder delusions.
 
hush now said:
your financial advisor is a money laundering pyramid schemer who built a career on vulture capitalism which is based on speculative nonsense, rooted in nothing but finance bros saying "source: bro trust me", with zero value other than *vibes* and shareholder delusions.
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yea ok sure, considering he works at one of the major banks here, i doubt that very much...

i guess some one is sour seeing intel being looked at as a bad investment rigjt now...
 
Ogotai said:
too bad this doesnt tell the true health of the company, you know what does terry ? and my financial advisor said this... while i was talking to him about an investment ( mutual funds ) i have, the stock price and the market cap a company has, and in intels case.. thats has been dropping over the years... for intel, THAT is not healthy...


but keep touting how much money intel is making all you want if it makes you feel better... all the things intel is doing to cut costs and save money, and the stock price and market cap, really shows how intel is doing... not its sales
Click to expand...
In reality the market is extremely irrational and does not reflect any company's actual health. It's only a reflection of what investors have decided on any given day. The sad part is that this irrationality makes and/or breaks companies no matter what the company itself is doing. The stock market chase is actually what dug the hole Intel finds itself in (it goes back over a decade) today.

Quite frankly the moves the current CEO is making look like wall street appeasement rather than company health focused. I would love to be wrong about this one, but the board makeup hasn't changed and there's no evidence to the contrary.

Just in case it's not very clear I don't think Intel is a good investment, but that's not because of the direction the company had been headed (I think Gelsinger was going the right way even if I didn't like the way he interacted on a public level, but not so sure anymore with Tan).
 
bit_user said:
Interesting time window, there. If you showed a longer-term view, it would be clear that Gamestop settled down after the market manipulation stopped.

BTW, it's no accident that the people behind that pump-and-dump scheme chose to go after Gamestop. It had a very small market cap, meaning the potential for manipulation was huge. Even now, Intel's market cap is like 10x, which makes it much less susceptible to market manipulation.
Click to expand...
The whole point is that the stock price does not show you how well a company does, and not that anybody will do market manipulation on intel.
Ogotai said:
i still trust my advisor over any thing you say terry, no matter what...

go here the 5 year view, for a bigger time window...

also why post games stop sock prices vs intels ?? oh wait.. cause that would show intel, is not a good investment as it once was, as my advisor said....
Click to expand...
Tell your advisor to get internet access...if he thinks that market cap is everything you might want to change advisors, unless you have more money than brains.
https://www.investopedia.com/articl...at-best-measure-companys-financial-health.asp
These are not the only ones that are important, but explain my logic.

Operating Efficiency​

A company's operating efficiency is key to its financial success. Operating margin is one of the best indicators of efficiency. This metric considers a company's basic operational profit margin after deducting the variable costs of producing and marketing the company's products or services.1 Crucially, it indicates how well the company's management is able to control costs.
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Profitability​

While liquidity, basic solvency, and operating efficiency are all important factors to consider in evaluating a company, what matters most is its bottom line, or net profitability. Companies can survive for years without being profitable, operating on the goodwill of creditors and investors. But to survive in the long run, a company must eventually attain and maintain profitability.


A good metric for evaluating profitability is net margin, the ratio of net profits to total revenues.
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ilukey77 said:
where is the fancy graph showing Intel still doing well ??
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Who said they are still doing well?! I said that they are putting all their money into building FABs. I said that they are still making good money, if the expenses stop, making money is what will help them recover.
ilukey77 said:
A company making money terry is NOT laying off workers , sacking CEO's and closing down divisions..

I would point out that is how a company saves money if they are sinking by slashing jobs and closes divisions to keep the company afloat !!
Click to expand...
Intel invested $90B in 4 years and part of that money is made by cutting down and laying off people.
For example last year they reduced their 19B loss by 7B from restructuring and firing people.
V9QrRTD.jpg


ilukey77 said:
I love the championing of Intel you do its almost blind loyalty at this point ..
Click to expand...
I love that the bashing of intel you do is almost blind hatred at this point...
ilukey77 said:
Ohh there is a rumour the so called NEW FAB has been stalled again at this point Intel might open their new fab in 2050 !!

Its not the constant championing that you do terry , GOD knows consumers need Intel to survive !!

Its the blind loyalty to a company that keeps making mistakes and ( show me all the graphs you want ) they are losing against AMD in almost every market ..

And yet every time there is a article stating Intel are losing money and needs to shut down divisions or their stock is crashing terry comes out with positive PR for a company drowning ..

Maybe Intel need a terry laze PR guy !!
Click to expand...
Ahh here we are at the heart of the matter, (show me all the graphs you want) ,yup, you believe whatever you want and no amount of common sense and real world data will ever change that.
Also as much as I do the "championing" which is just talking common sense, you do the same amount of running interference, think about it, any time I say something that you think is positive, even though nothing I said here even was positive, you are trying extra hard to make it seems to be championing and fanboism.
 
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Mr Majestyk said:
Tan was the same guy that heavily criticised then CEO Gelsinger for sacking engineers rather than middle-management, and yet here we are doing the same thing on an even larger scale. Good to see nothing has changed.
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The question I'd have is whether he's only axing engineers on projects that are getting canceled. That's different than stripping resources from teams that are still working on deliverables.

BTW, if I worked at Intel and had other prospects, I think I'd probably be looking around to jump before I might get pushed. Especially since those severance packages sound none too generous.
 
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hush now said:
your financial advisor is a money laundering pyramid schemer who built a career on vulture capitalism which is based on speculative nonsense, rooted in nothing but finance bros saying "source: bro trust me", with zero value other than *vibes* and shareholder delusions.
Click to expand...
You don't know what country that poster is from. Different countries have different laws and regulations around these things.

In the USA, financial advisors currently do not have to act in the interest of their client (i.e. when there's a conflict of interest between their client and the firm employing them). I'm sure some other countries have much more protections for clients.
 
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