Intel Will Lay Off 15% To 20% of Its Factory Workers, Memo Says
- Reference: 0178069315
- News link: https://slashdot.org/story/25/06/16/2132227/intel-will-lay-off-15-to-20-of-its-factory-workers-memo-says
- Source link:
> Intel announced the pending layoffs in April and notified factory workers last week that the cuts would begin in July. It hadn't previously said just how deep the layoffs will go. The company had 109,000 employees at the end of 2024, but it's not clear how many of those worked in its factory division -- called Intel Foundry. The Foundry business includes a broad array of jobs, from technicians on the factory floor to specialized researchers who work years in advance to develop future generations of microprocessors.
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> Intel is planning major cuts in other parts of its business, too, but employees say the company hasn't specified how many jobs it will eliminate in each business unit. Workers say they believe the impacts will vary within departments. Overall, though, the layoffs will surely eliminate several thousand jobs -- and quite possibly more than 10,000.
[1] https://www.oregonlive.com/silicon-forest/2025/06/intel-will-lay-off-15-to-20-of-its-factory-workers-memo-says.html
Something is wrong there (Score:3)
Unless they have hit on some major new automation or they are getting a whole shitload of work visas for cheap overseas labor then there's plenty of demand for their products and no reason for them to be laying off workers.
What this feels like is them trying to bump the stock with layoffs. I don't see how it would last and they would be able to keep up with demand so that it would translate into lost sales. I mean their gpus are flying off the shelves as fast as they can stock them for Christ's sake. And while AMD is eating a bit of their lunch there is still plenty of demand for Intel CPUs.
This feels like what Walmart did where they fired so many stockers they couldn't keep their shelves stocked and they were losing money because people would show up to buy something and it wouldn't be where they could buy it.
But I guess it will give them a short-term stock bump. And they can use the short-term cash savings for stock BuyBacks.
We used to have all sorts of laws that would discourage that sort of thing and our economy was much more stable when we did. The baby boomers grew up in that economy and it's a huge part of why they built as much wealth as they did. That's in all the government programs they benefited from that are gone now.
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It's because the expectation is that the money saved from the layoffs will be going into stock BuyBacks.
So when you see big layoffs you buy the stock and then you know that the company is going to buy it back from you for a profit.
That's great if you are rich and can weather the recession that's coming. Not so great if you are literally everybody else in the country.
The real problem here is we have structured every aspect of our economy so that the 1% benefit at our expense. It's a house always w
Its not Boomers, +4%, its the Youth, +36% Trump (Score:2)
> Boomers .... I guess my point is I'm screaming left-wing talking points into this silly little void ...
LOL. You realize that this is the classic boomer behavior? Trying to relive their radical 60s youth. It's pretty much why we have all these manufactured outrages and faux protests. Whose the next gray haired currently unknown folk singer to roll out onto the protest stage?
It's the youth that put Trump into power, not the Boomers. Trump gained around 4% with Boomers, that's in pissed off about economy territory. Trump gained about 36% among the youth, that's ideological support. A rejection of 1960s Boome
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Losing money isn't a reason? They probably can't raise prices without increasing unsold inventory, so cutting production it is.
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On the GPU side they definitely could. I'm not entirely sure why but they sell their mid-ranged card for $250 letting scalpers buy it up and sell it for $400.
On the CPU side things are tougher but not that much. There are still data centers ramping up constantly. And yeah a lot of them are deploying AMD but a lot of them ain't.
They do have a lot of weird odds and end businesses they've bought into over the years but not 20,000 employees worth which last I heard is the target for their layoffs.
No
Death by MBA (Score:3)
Honestly, MBAs are great at destroying large companies and if you don't stop it before it starts then you're just doomed. Frankly, I can't think of a company more worthy of this fate than Intel.
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Only problem is if Intel flops over, we have TSMC and only TSMC, and one EMP from China will completely destroy all Western chip production, period.
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You've been watching too much scifi.
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But they're great at making suits rich!
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Here is his education:
" Chandrasekaran earned a bachelorâ(TM)s degree in mechanical engineering from the University of Madras; a masterâ(TM)s degree and a doctorate in mechanical engineering from Oklahoma State University; a masterâ(TM)s degree in information and data science from the University of California, Berkeley; and dual executive MBAs from the University of California, Los Angeles, and the National University of Singapore.
You may have a point if he was some MBA from Harvard with
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Reinforcing your point, here's his IEEE writeup (ends 2008):
Research paper credits
> Binary Tree, Distributed Algorithm, Joining Tree, Leaf Node,Subtree, Abrasive Particles, Adaptive Neuro-fuzzy Inference System, Advances In Neural Networks, All-pairs-shortest-path, Angular Velocity, Artificial Neural Network, Automata
Engineering credits
> Naga Chandrasekaran received the Ph.D. degree in mechanical engineering from Oklahoma State University, Stillwater, in 2001, under the able tutelage of Prof. Komanduri.,He started his career at Mictron Technology, Inc., as a R&D CMP Development Engineer. From 2001 to 2004, his work spanned a wide range of CMP projects and, in particular, helped improve scratch generation understanding and subsequently reduce STI CMP defects. Over the last six years, he has worked in different process areas including CMP, CVD, diffusion, PVD, and implant and lead several of these teams to assist in R&D of advanced memory devices. Currently, he is working as the Process and Equipment Engineering Manager in IM FLASH Technology, an Intel-Micron joint venture in manufacturing NAND memory devices
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So, Peter's principle in action?
Intel was profitable last quarter (Score:2)
They don't need to be saved they're doing just fine. Just because a company isn't making all the money in the world right this very second and growing at the exact same rate it did always and forever doesn't mean the company is on the verge of death.
I know our civilization is structured around endless growth but suggesting that intel, a very profitable company, needs to be saved by cutting 20% of its staff at a time when their products are selling extremely well seems more like a suicide pact than anyth
PE has got a new target: Intel (Score:2)
Seems like Intel is the latest company that is being targeted by PE investors
You people! (Score:1)
You people are the cynical motherfuckers on the planet! I man, god damn! It is doom and gloom here, all fucking day long! Do you people have no joy in your lives at all?!
Not a good look for IFS (Score:2)
18a is still probably not attracting enough customers.