5 ms·
> 15% headcount reduction to 75,000 > Return to office in September So 15% reduction now and another stealth reduction in September
by akmarinov 1y ago
> 15% headcount reduction to 75,000
> Return to office in September
So 15% reduction now and another stealth reduction in September
- hn8726 1y agoThe letter says > we plan to end the year with a global workforce of about 75,000 employees as a result of workforce reductions and attrition so it looks like the explicit reduction might be lower, but accounting for people leaving on their own, the final amount of employees should be ~75k
- GuinansEyebrows 1y ago"attrition" is in the plan :)
- rwmj 1y agoAnd if we get them to resign, we save money on redundancies.
- electriclove 1y agoThese big companies are run as inefficiently as the government. They can’t fire anyone so they have to do the dance of making things unpleasant - but it backfires because only talented people leave (because they can get a job elsewhere) and all the dead weight stays because they have no alternative so they will just do their commute and sit unproductive hours in their seats and complain. It takes a real leader to turn something like Intel around - not sure if they have that
- rybosworld 1y agoYeah it's interesting that a RTO is included, as if remote work was somehow part of the problem. Intel's spiral started at least 10 years before remote work was normalized, and you can make a pretty good argument that they stopped innovating in the early 2000's. This is a company that declined to supply chips for the iPhone because they didn't think the margins would be good enough. Consider how much that one decision has favored competitors. And that's just one bad decision of countless.