4 ms·

Intel had over 130,000 employees as of a couple of months ago. 15% layoffs is nearly 20,000 people.

electriclove 2y ago
The ‘flagged dead’ comment is right on. Intel has been a bloated bureaucracy for a long time now and things need to get tightened up for it to continue.
- ProllyInfamous 2y ago
  I agree, so I am quoting it, below: >Fire 80% of them. Twitter had probably more talent per capita than Intel. If they can fire 80% most companies should.
  - wwtrv 2y ago
    > If they can fire 80% most companies should What's special about "them"? Twitter was technically never a particularly complex product that required some kind of exceptional talent. Not even remotely in the same ballpark compared to what Intel is doing (or trying to do anyway...)
    - JeremyNT 2y ago
      Indeed there are highly valuable experts at Intel - there have to be, for them to function at all. They're an engineering company making incredibly complex products, unlike Twitter which just sold ads. But there are also likely to be countless "twitter-like" employees too, paid to sit on their hands or faff about with branding or tinker with devops parlor tricks or gate access to resources that engineers need. So the current level of cuts passes the "gut" check for me. They surely have less "chaff" than Twitter, and it's crucial not to accidentally cut too many key personnel in the process.
      - AnimalMuppet 2y ago
        The big difference is that Intel is a manufacturer, not just a web site. They need people on the ground, many of them, in anticontamination suits, 24/7. That changes the "can we just fire 80% of them" question by quite a bit.
  - michaelmrose 2y ago
    Twitter has dropped in value almost 80% since Musk bought it. Twitter is this weird zombie unicorn which keeps attracting money while mostly losing money on net. I don't think its useful to use it as an example.
    - gosub100 2y ago
      Dropped in value, as in stock price? Sure. Was it ever with that much to begin with? Likely not.
      - michaelmrose 2y ago
        Dropped in projected value as a company irrespective of the stock which you can't buy now because its private per individuals with large stakes. Their financials tanked as advertisers fled the platform or reduced spend drastically. It's now basically a money pit that at present trajectory will continue to burn money until Elon's other ventures can't afford it. Given his wealth he can keep losing a billion or two a year forever even if people stop buying his overpriced poorly built cars. I predict however that eventually it looks less interesting and they try a rebrand as twitter with 90% less Elon for 2x the advertising dollars (for real this time) and borrow as much money and assets as possible and eventually exit.
        gosub100 2y ago
        advertisers are free to join the platform back. Could it be that allowing people to publish 200 word texts just isn't that great of a business? Also, I can't help but notice the similarities in the arguments about censorship ("It's their platform their rules"), then when the wrong person buys the platform, suddenly that argument gets put to rest.
        hylaride 2y ago
        I maintain that no owner of twitter really understood what they had, either before or after Musk. Twitter was really good at news if you knew who to follow and you had direct access to a lot of experts in various fields. They had to put an enormous amount of effort into dealing with misinformation, but couldn’t figure out the balance between that and mass market appeal. The result is that they financially treaded water. Musk thought that what people wanted was raw unfiltered “free speech”, but he thought his kinds of views were restricted. The result was when he got control, the guardrails were mostly removed and a lot of users recoiled, and advertisers left due to the desirable users targets disappearing as well as having their ads shown next to questionable content. Then he contradicted himself by blocking accounts that hit his ego. I’m a geopolitical nerd and loved twitter, but finally gave up on it when I started getting fake news as well as promoted tweets by musk himself, whom I didn’t give a shit about his at best bizarre opinions. The blocking of third party clients meant that I couldn’t even filter client-side anymore (RIP Tweetbot).
fire-them-all 2y ago
[flagged]
IamLoading 2y ago
I am surprised, the stock didnt improve. Typically, markets like layoffs.
- deleted 2y ago
  [deleted]
- NoPicklez 2y ago
  It could be because in conjunction with the layoffs Intel are battling with a potential class action against their two latest series of desktop CPU's being faulty
- HDThoreaun 2y ago
  Intel had a really crappy quarter, layoffs can’t save that. The market likes when companies that had an ok quarter with revenue growth do layoffs.
  - s1artibartfast 2y ago
    Intel has had a bad couple years, posting as many quarterly losses as profits, barely breaking even on net.
- deleted 2y ago
  [deleted]
deleted 2y ago
[deleted]

The ‘flagged dead’ comment is right on. Intel has been a bloated bureaucracy for a long time now and things need to get tightened up for it to continue.

ProllyInfamous 2y ago
I agree, so I am quoting it, below: >Fire 80% of them. Twitter had probably more talent per capita than Intel. If they can fire 80% most companies should.
- wwtrv 2y ago
  > If they can fire 80% most companies should What's special about "them"? Twitter was technically never a particularly complex product that required some kind of exceptional talent. Not even remotely in the same ballpark compared to what Intel is doing (or trying to do anyway...)
  - JeremyNT 2y ago
    Indeed there are highly valuable experts at Intel - there have to be, for them to function at all. They're an engineering company making incredibly complex products, unlike Twitter which just sold ads. But there are also likely to be countless "twitter-like" employees too, paid to sit on their hands or faff about with branding or tinker with devops parlor tricks or gate access to resources that engineers need. So the current level of cuts passes the "gut" check for me. They surely have less "chaff" than Twitter, and it's crucial not to accidentally cut too many key personnel in the process.
    - AnimalMuppet 2y ago
      The big difference is that Intel is a manufacturer, not just a web site. They need people on the ground, many of them, in anticontamination suits, 24/7. That changes the "can we just fire 80% of them" question by quite a bit.
- michaelmrose 2y ago
  Twitter has dropped in value almost 80% since Musk bought it. Twitter is this weird zombie unicorn which keeps attracting money while mostly losing money on net. I don't think its useful to use it as an example.
  - gosub100 2y ago
    Dropped in value, as in stock price? Sure. Was it ever with that much to begin with? Likely not.
    - michaelmrose 2y ago
      Dropped in projected value as a company irrespective of the stock which you can't buy now because its private per individuals with large stakes. Their financials tanked as advertisers fled the platform or reduced spend drastically. It's now basically a money pit that at present trajectory will continue to burn money until Elon's other ventures can't afford it. Given his wealth he can keep losing a billion or two a year forever even if people stop buying his overpriced poorly built cars. I predict however that eventually it looks less interesting and they try a rebrand as twitter with 90% less Elon for 2x the advertising dollars (for real this time) and borrow as much money and assets as possible and eventually exit.
      - gosub100 2y ago
        advertisers are free to join the platform back. Could it be that allowing people to publish 200 word texts just isn't that great of a business? Also, I can't help but notice the similarities in the arguments about censorship ("It's their platform their rules"), then when the wrong person buys the platform, suddenly that argument gets put to rest.
        hylaride 2y ago
        I maintain that no owner of twitter really understood what they had, either before or after Musk. Twitter was really good at news if you knew who to follow and you had direct access to a lot of experts in various fields. They had to put an enormous amount of effort into dealing with misinformation, but couldn’t figure out the balance between that and mass market appeal. The result is that they financially treaded water. Musk thought that what people wanted was raw unfiltered “free speech”, but he thought his kinds of views were restricted. The result was when he got control, the guardrails were mostly removed and a lot of users recoiled, and advertisers left due to the desirable users targets disappearing as well as having their ads shown next to questionable content. Then he contradicted himself by blocking accounts that hit his ego. I’m a geopolitical nerd and loved twitter, but finally gave up on it when I started getting fake news as well as promoted tweets by musk himself, whom I didn’t give a shit about his at best bizarre opinions. The blocking of third party clients meant that I couldn’t even filter client-side anymore (RIP Tweetbot).

fire-them-all 2y ago

[flagged]

IamLoading 2y ago

I am surprised, the stock didnt improve. Typically, markets like layoffs.

deleted 2y ago
[deleted]
NoPicklez 2y ago
It could be because in conjunction with the layoffs Intel are battling with a potential class action against their two latest series of desktop CPU's being faulty
HDThoreaun 2y ago
Intel had a really crappy quarter, layoffs can’t save that. The market likes when companies that had an ok quarter with revenue growth do layoffs.
- s1artibartfast 2y ago
  Intel has had a bad couple years, posting as many quarterly losses as profits, barely breaking even on net.
deleted 2y ago
[deleted]

deleted 2y ago

[deleted]