I was originally going to post similiar, as I went in thinking 'oh another shareholder-pleasing workplace trim where they rehire most positons inside of the year.' While I agree exec salaries are...
I was originally going to post similiar, as I went in thinking 'oh another shareholder-pleasing workplace trim where they rehire most positons inside of the year.' While I agree exec salaries are absurd, this is way deeper than that.
Next week, we’ll announce a companywide enhanced retirement offering for eligible employees and broadly offer an application program for voluntary departures. I believe that how we implement these changes is just as important as the changes themselves, and we will adhere to Intel values throughout this process.
Pulling out enhanced retirement to encourage people to retire early in the face of layoffs is a huge indicator that Intel is in a tough spot.
This isn't saving face, this is knowing the writing is on the wall unless they do something big.
They've not been in a good position for a while imo (at least for consumer cpus). They were stuck on 14nm for ages which eventually led to a foundry deal with TSMC, and since Ryzen has been...
They've not been in a good position for a while imo (at least for consumer cpus). They were stuck on 14nm for ages which eventually led to a foundry deal with TSMC, and since Ryzen has been getting good, Intel has needed to push higher wattages to stay competitive.
The current issues with their 13th and 14th gen oxidation and microcode bugs, and their lack of communication about it (until recently) is just a continuation of their problems.
I agree they needed to make substantial changes, but it shouldn't be a surprise to upper management. They're making some big architectural changes to their 15th gen processors, but it'll take more than that to turn things around.
I don't have much knowledge of the server side of things, but I suspect a combination of AMD Epyc's efficiency and Nvidia's stuff for AI has probably hurt that side too.
I was hopeful about Intel for a while because they announced they were building foundries in the States after all the supply chain issues during the pandemic. Even bought stock (most of which I...
I was hopeful about Intel for a while because they announced they were building foundries in the States after all the supply chain issues during the pandemic. Even bought stock (most of which I sold off when they hit their peak).
The last year or so has been rough. First their earnings were below target, then the chip faults were discovered with no comment from Intel for weeks. All the tech layoffs over the last year or so probably indicate that whole industries are or were bloated, and correction is only going to hurt Intel's revenue. It was really only a matter of time before they followed suit.
I dunno about industry bloat. I think a lot of the cracks in the industry we are seeing are from laying off the people who understand the important systems, and overworking the rest to the...
I dunno about industry bloat. I think a lot of the cracks in the industry we are seeing are from laying off the people who understand the important systems, and overworking the rest to the breaking point.
I do think Intel has been kinda sick for a while though. Clearly struggling to innovate, and pushing more power to their chips to keep up with AMD. Hope they can figure something out cause we need a competitive market to bring down prices.
I think you're right. I've been a programmer for over 25 years, and I've never yet worked anywhere where there has been a sufficient number of developers to actually handle all the work we were...
I dunno about industry bloat. I think a lot of the cracks in the industry we are seeing are from laying off the people who understand the important systems, and overworking the rest to the breaking point.
I think you're right. I've been a programmer for over 25 years, and I've never yet worked anywhere where there has been a sufficient number of developers to actually handle all the work we were expected to do. Something always has to be neglected, and if we're lucky it's nothing crucial.
The current rounds of tech layoffs are the reductio ad absurdum of that managerial practice. Record profits, so let's fire the people who did the actual work, especially the more experienced, more highly-paid people who are familiar with the systems!
I was thinking more about tech as a labor sector rather than a single industry. The pandemic shifted a lot of companies' priorities around for many of reasons, and not all of them are talked about...
I was thinking more about tech as a labor sector rather than a single industry. The pandemic shifted a lot of companies' priorities around for many of reasons, and not all of them are talked about a ton online. Supply chain issues and WFH put a premium on support and hardware in nearly every industry, and a lot of companies went crazy with staffing to cope and fight the FOMO. I myself got caught up in that and ended up getting laid off as well.
Comparing support techs and sysadmins to software or hardware engineers and developers is like comparing apples to kumquats, I know, but they are all interrelated. We all come together to help people exchange information efficiently, so the labor markets for each are much more closely linked than I think most people realize. I've seen that firsthand being a hardware technician.
And don't forget - Intel got 8.5 Billion dollars in direct funding from my pocket and yours. These companies all fucking suck and will take your money in one hand and fire your ass with the other....
While I fully understand this sentiment, certainly with the recent wave of layoffs. At the same time, I don't think it is productive to default to this response. In the case of Intel, they really...
These companies all fucking suck and will take your money in one hand and fire your ass with the other.
While I fully understand this sentiment, certainly with the recent wave of layoffs. At the same time, I don't think it is productive to default to this response. In the case of Intel, they really are in trouble and have been dealing with all sorts of issues lately. Basically as Vord also pointed out here.
Meanwhile Pat Gelsinger got a $5 million salary increase in 2023 up to $16 million, I wonder how much of that he'll sacrifice to help cut costs...
I was originally going to post similiar, as I went in thinking 'oh another shareholder-pleasing workplace trim where they rehire most positons inside of the year.' While I agree exec salaries are absurd, this is way deeper than that.
Pulling out enhanced retirement to encourage people to retire early in the face of layoffs is a huge indicator that Intel is in a tough spot.
This isn't saving face, this is knowing the writing is on the wall unless they do something big.
They've not been in a good position for a while imo (at least for consumer cpus). They were stuck on 14nm for ages which eventually led to a foundry deal with TSMC, and since Ryzen has been getting good, Intel has needed to push higher wattages to stay competitive.
The current issues with their 13th and 14th gen oxidation and microcode bugs, and their lack of communication about it (until recently) is just a continuation of their problems.
I agree they needed to make substantial changes, but it shouldn't be a surprise to upper management. They're making some big architectural changes to their 15th gen processors, but it'll take more than that to turn things around.
I don't have much knowledge of the server side of things, but I suspect a combination of AMD Epyc's efficiency and Nvidia's stuff for AI has probably hurt that side too.
I was hopeful about Intel for a while because they announced they were building foundries in the States after all the supply chain issues during the pandemic. Even bought stock (most of which I sold off when they hit their peak).
The last year or so has been rough. First their earnings were below target, then the chip faults were discovered with no comment from Intel for weeks. All the tech layoffs over the last year or so probably indicate that whole industries are or were bloated, and correction is only going to hurt Intel's revenue. It was really only a matter of time before they followed suit.
I dunno about industry bloat. I think a lot of the cracks in the industry we are seeing are from laying off the people who understand the important systems, and overworking the rest to the breaking point.
I do think Intel has been kinda sick for a while though. Clearly struggling to innovate, and pushing more power to their chips to keep up with AMD. Hope they can figure something out cause we need a competitive market to bring down prices.
I think you're right. I've been a programmer for over 25 years, and I've never yet worked anywhere where there has been a sufficient number of developers to actually handle all the work we were expected to do. Something always has to be neglected, and if we're lucky it's nothing crucial.
The current rounds of tech layoffs are the reductio ad absurdum of that managerial practice. Record profits, so let's fire the people who did the actual work, especially the more experienced, more highly-paid people who are familiar with the systems!
I was thinking more about tech as a labor sector rather than a single industry. The pandemic shifted a lot of companies' priorities around for many of reasons, and not all of them are talked about a ton online. Supply chain issues and WFH put a premium on support and hardware in nearly every industry, and a lot of companies went crazy with staffing to cope and fight the FOMO. I myself got caught up in that and ended up getting laid off as well.
Comparing support techs and sysadmins to software or hardware engineers and developers is like comparing apples to kumquats, I know, but they are all interrelated. We all come together to help people exchange information efficiently, so the labor markets for each are much more closely linked than I think most people realize. I've seen that firsthand being a hardware technician.
And don't forget - Intel got 8.5 Billion dollars in direct funding from my pocket and yours.
These companies all fucking suck and will take your money in one hand and fire your ass with the other.
At this point. I would not be surprised if they got acquired by Nvidia. God help us all.
While I fully understand this sentiment, certainly with the recent wave of layoffs. At the same time, I don't think it is productive to default to this response. In the case of Intel, they really are in trouble and have been dealing with all sorts of issues lately. Basically as Vord also pointed out here.