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> An engine of financial performance Cool, new strategy?! > Through our voluntary early retirement and separation offerings, we are more than halfway to our w
by Karupan 2y ago
> An engine of financial performance
Cool, new strategy?!
> Through our voluntary early retirement and separation offerings, we are more than halfway to our workforce reduction target of approximately 15,000 by the end of the year. We still have difficult decisions to make and will notify impacted employees in the middle of October.
Oh right.
- dboreham 2y agoBeatings to continue..
- jordanb 2y agoSilly me I thought Intel was a chip company. Turns out it's an "engine of financial performance."
- blantonl 2y agoEvery company should strive to be an "engine of financial performance." What other expectations do you have of Intel? The amount of engine metaphors I could toss into this discussion are endless.
- danielmarkbruce 2y agoThere is a little bit of "when a measure becomes a target, it ceases to be a good measure" with respect to chasing financial performance. While you can't escape thinking about financial metrics, the goal should be something like creating great products, building a competitive barrier etc. Financials can act as a constraint rather than a goal. A concrete example is Costco. Even here, Gelsinger puts it last, which is sort of reads like a constraint. Seems fair.
- zeroCalories 2y agoThis is a long term problem. Intel, and other once great American companies, do not have the talent or culture needed to make great products anymore.
- danielmarkbruce 2y agoYup, sure. I'd argue one of the factors involved in the long term problem is when the company starts trying hard to make money as opposed to serving customers well (again, financial metrics must be a constraint). It's not the only factor (incentives get whacky, bureaucracy is difficult), but it's a factor which isn't appreciated as much as the other two.
- anothernewdude 2y agoI think with this kind of leadership they should probably liquidate and return money to the stockholders.
- Onavo 2y ago> What other expectations do you have of Intel? I expect them to follow the Silicon Valley maxim of "Build the best product instead of focusing on making the most amount of money".
- njbooher 2y agoIt'd be nice if they could give me a compelling reason to upgrade my computer more than once or twice a decade, other than 'Our new AI computers have keyboards that go to 11'.
- UncleMeat 2y agoA company serves three groups. Customers, employees, and owners. I don't have a strong opinion about whether customers or employees come first, but owners should be last.
- nh23423fefe 2y agoHow could you have a strong opinion on what ought to be, when you've only baselessly asserted what is. Hume wept.
- tarsinge 2y ago"The Shareholder Value Myth" is an interesting book about companies purpose https://www.amazon.com/The-Shareholder-Value-Myth-Shareholders/dp/1605098132 https://www.amazon.com/The-Shareholder-Value-Myth-Shareholde...
- yazzku 2y agoGonna be the finest engine you've seen since the industrial revolution. Grease those gears, guys, we're shedding a head count of no less than 15,000 to keep this baby going. And that's just this year.
- ekianjo 2y ago[flagged]
- akomtu 2y agoTo reach something you need to get rid of something. The 3rd Newton's law.
- tasuki 2y agoWith the results they're getting, what are they supposed to do?
- hulitu 2y agoInovate ? /s
- hackernoops 2y agoQuality control checks out.
- tasuki 2y agoThat's not easy. Apparently the amount of employees they have, it's difficult to innovate. I'm not surprised. Innovation is easier in smaller groups of people.
- amy-petrik-214 2y agoLook out Moore's Law! Instead of doubling transistors every two years, look out, new Sheriff in town -- Gelsinger's law : the staff roster halves every two years! We predict in the coming decades, Intel will consist of a single CEO producing microchips with over a quintillion transistors!
- Qem 2y agoMust be an internal combustion engine, because it's moved by discrete firings.