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Intel to Cut 5% of Workforce

1/17/2014 05:10 PM EST
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LarryM99
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How high will layoffs go?
LarryM99   1/17/2014 6:17:41 PM
I'd like to see the breakdown of those layoffs. Upper management obviously blew it in terms of reading and responding to the market, but my bet is that those below them will bear the bulk of the hit. This is the point where there should be announcements of senior managers retiring and opening up positions for younger people with better perspectives on the current market.

resistion
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What really happened at 14 nm
resistion   1/17/2014 9:01:48 PM
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It doesn't look like Intel is gunning all engines to try to beat ARM. Instead, it looks like a retreat. There have been 14 nm rumors for some time now. Or is the TriGate/FinFET a poison pill?

junko.yoshida
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Re-prioritizing
junko.yoshida   1/18/2014 8:02:38 AM
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We do need to know how the Re-prioritized Intel will look like. Where the cuts will happen is our next story.

_hm
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Re: How high will layoffs go?
_hm   1/18/2014 11:56:07 AM
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@Larry: To my guess, first 5%, will be bad apples, mainy from Intel as big corporate. If one has goofed up in corporate expectation and discipline, they may get hit.

 

DrFPGA
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Let's Start a Pool
DrFPGA   1/18/2014 4:06:05 PM
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How about some guesses as to the actual % that will be cut by year end? I take 7%.

I expect the year will continue to provide bad news for Intel and by mid-year another 2% or so layoff will be in the works. I think "Big silicon" is on the way out...

resistion
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Not officially a layoff
resistion   1/18/2014 7:09:38 PM
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86987623
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Re: Not officially a layoff
86987623   1/18/2014 8:29:43 PM
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They would say that wouldn't they! In the past any redundancy numbers were shrouded in secrecy. That is, after the workers left the company, Intel did not state exactly how many redundancies there were. So, they could say 5% now but the actual number could be closer to 10%... 

alex_m1
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CEO
Re: Not officially a layoff
alex_m1   1/19/2014 4:26:36 AM
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As a public company, not sharing stuff is possible sometimes, but lying is lillegal.

KB3001
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CEO
Re: Let's Start a Pool
KB3001   1/19/2014 4:47:09 AM
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Big silicon is on its way out indeed. Great for consumers!

AZskibum
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Re: Not officially a layoff
AZskibum   1/19/2014 11:21:29 AM
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It sounds like they're expecting to hit their number by attrition -- "The company says it will use methods like voluntary programs, retirements and leaving jobs vacant when employees leave."

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