Intel To Slash Over 20% of Workforce in Major Restructuring Move (bloomberg.com)
- Reference: 0177098973
- News link: https://slashdot.org/story/25/04/23/0141226/intel-to-slash-over-20-of-workforce-in-major-restructuring-move
- Source link: https://www.bloomberg.com/news/articles/2025-04-23/intel-to-announce-plans-this-week-to-cut-more-than-20-of-staff
The Santa Clara-based company has suffered three consecutive years of declining sales while losing technological ground to competitors, particularly Nvidia in the AI computing sector. Tan, who took over last month, has already begun divesting non-core assets, recently [2]selling a 51% stake in Intel's programmable chips unit Altera to Silver Lake.
[1] https://www.bloomberg.com/news/articles/2025-04-23/intel-to-announce-plans-this-week-to-cut-more-than-20-of-staff
[2] https://slashdot.org/story/25/04/14/1943245/intel-to-sell-majority-stake-in-altera-for-446-billion-to-fund-revival-effort
From "Intel inside" (Score:1)
To outside Intel.
Mind boggling (Score:2)
It boggles my mind how a company such as Intel, and Boeing for that fact, can go from the top of their game to absolute shit in such as short period of time. My guess is the engineers in both instances lost out to the bean counters, I would cite HP in this observation as well but we all saw the Carly effect in real time tearing that one down. That was gruesome.
Re: Mind boggling (Score:1)
It wasn't overnight. It was over three decades. Just long enough for the mid-career and senior people who got them to the top to retire out and be replaced by a generation who didn't build it.
A culture-wide de-emphasis on rigor and standards and promotion of a kinder gentler workplace that doesn't stress you out the way workin for The Man used to probably made it easier for dumbasses to bubble up to where they could do damage in a way that used to be less frequent when bosses could gatekeep without fear of
Re: Mind boggling (Score:1)
So it's failing like the USA itself.
Re: (Score:2)
They know the world is changing and they're planning for the change. They just can't speak it out loud because that'd be defeatist.
For semiconductors, China is targeting 2030 for when it'll converge with the world's best tech stack but with the IP owned 100% by Chinese companies. 1.4 billion people quickly moving up the wealth ladder, with India, Africa, South America and the rest of Eurasia all on the same trajectory. Guess who those price sensitive markets will be buying from if they have any choice?
Channels (Score:2)
Intel is impossible to do business with. My department has a budget that if Intel would pursue us would actually make a difference on their quarterly targets. If they actually listened to us, it would buy them at least half a fab. But, even though we're one of the richest and most liked countries (outside of Texas, we're socialists, they don't like us) in the world Intel won't even send one salesperson to us. Every other vendor does and every other vendor gets some of our money.
If they spent a hundred thous
Re: Channels (Score:1)
"Capitol" needs to be capitalized, but it's likely you meant "capital" in any case.
How does a company even function (Score:2)
Cutting 30% of its workforce? Especially in 2025. Decades ago you could make the excuse that there was waste to cut but there really isn't a hell of a lot of that kind of waste in a modern company.
Something's going to give. I'm guessing the first thing is drivers and other necessary software are going to get cut. I'm not buying that they have that much bureaucracy. That means the quality of their products is going to go down at a time when they need to be improving them.
It also means they're probabl
Re: How does a company even function (Score:1, Troll)
How many product lines besides CPUs does Intel have? At one point they were making mini PCs and motherboards. A guy I used to work with worked out of their Hudson, MA office writing sound card drivers.
You can cut 30% if you're not interested in wasting office space and admin staff supporting engineers working on stuff that isn't your core business that you should either be buying from someone whose core business it is or just not touching it with a ten foot pole.
If it's something specialized that you need f
Re: How does a company even function (Score:3)
I don't think companies are anywhere near as efficient as you think. I've seen several big layoffs at my company and others I work with over the years, sometimes large teams, 200+ people, getting cut by over 60% and after a month or so of readjustment, things were pretty much business as usual and a few times actually for effective. Look at twitter Musk cut 80% and rehired back 10-20% and it seems to be operating just fine. I've found there's a tremendous amount of organizational bloat just to justify t