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Intel to layoff 15,000 employees as CPU strategy shifts
- downrightmike 2y agoTo be perfectly frank, if intel is going to layoff that many people, I will not buy any intel thing ever again. They are run by MBAs that don't know anything about engineering and that shows that is a competitive disadvantage for the foreseeable future. Intel seals their legacy to the path of fairchild with these actions, aka Dead. And everyone else around the CEO is a finance related MBA, they brought him back to lend legitimacy, which isn't working according to their actions.
- scrubs 2y agoYour assessment of the situation is flawed.
- martinpw 2y agoIntel is run by Pat Gelsinger. He is an engineer.
- BeetleB 2y agoAnd the last CEO to do major layoffs was also an engineer.
- basementcat 2y agoFairchild Semiconductor currently exists as a part on ON Semiconductor. https://www.businesswire.com/news/home/20160919005796/en/Semiconductor-Successfully-Completes-Acquisition-Fairchild-Semiconductor-2.4 https://www.businesswire.com/news/home/20160919005796/en/Sem...
- sarimkx 2y ago15,000 people?? How many households will that affect?
- muti 2y agoFrom the article Intel said Thursday that the company will lay off more than 15 percent of its workforce and Intel will cut roughly 15,000 of its 131,000-employee headcount, most by the end of the year 15% of 131,000 is ~20,000, so are there more to come or is workforce =/= headcount?
- floxy 2y agoNo idea, but it probably wouldn't be unusual to have 4% turn over / retirements every year, which could make up for the 5,000 discrepancy.
- dr_kiszonka 2y agoSome were offered a nice severance to leave voluntarily.
- fsflover 2y agoEarlier submission: https://news.ycombinator.com/item?id=41133489 https://news.ycombinator.com/item?id=41133489