Intel Cuts Over 500 Jobs in Oregon as Part of Layoff Plan (yahoo.com)
- Reference: 0178314568
- News link: https://slashdot.org/story/25/07/08/2211200/intel-cuts-over-500-jobs-in-oregon-as-part-of-layoff-plan
- Source link: https://finance.yahoo.com/news/intel-cuts-over-500-jobs-171717627.html
> The Oregon job reduction will hit facilities in Aloha and Hillsboro starting on July 15, Intel said in a regulatory filing. The layoffs are expected to eliminate about 529 employees on a permanent basis. The latest disclosure follows an announcement in California, where 107 employees were let go at Intel's Santa Clara headquarters.
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> Under [2]new Chief Executive Officer Lip-Bu Tan , Intel embarked on a plan in April to slash jobs and reduce operating expenses. The company hasn't given a total figure for the cuts, but a person familiar with the matter has put the amount at [3]more than a fifth of staff .
In a statement, Intel said it was making the Oregon cuts to become "a leaner, faster and more efficient company."
"Removing organizational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution," the company said. "We are making these decisions based on careful consideration of what's needed to position our business for the future, and we will treat people with care and respect as we complete this important work."
[1] https://finance.yahoo.com/news/intel-cuts-over-500-jobs-171717627.html
[2] https://slashdot.org/story/25/03/12/2118219/intel-appoints-lip-bu-tan-as-ceo
[3] https://slashdot.org/story/25/06/16/2132227/intel-will-lay-off-15-to-20-of-its-factory-workers-memo-says
Intel is cooked. (Score:2)
I said before that if 18A didn't pan out, Intel is sunk. I had no predictions whether it would or not, as I had no special information everyone else didn't have.
Well, Intel had to back off of doing foundry services with 18A and won't tell us why, but there can only be one real answer: Whatever problem they are having with it takes so much specialized work to achieve that nobody else's designs can practically be fabbed in it.
Intel has had a long line of expensive, high-profile failures. Perhaps most notably
Re: (Score:2)
To boot, Intel sold off all their other stuff. They cut X86S/AADG which was a next generation architecture and meant a long term future for x86, keeping it ahead of RISC-V. They sold off their SSD, and other divisions. They got rid of Optane which filled a BIG gap in storage, allowing for fast caches that wouldn't lose their data if power went off.
Now, what does Intel have? IMHO, I have not seen anything good about 18A. ARM and RISC-V are improving by leaps and bounds. Intel (IIRC) had a run of bad CP
Best way to bail out a sinking ship (Score:2)
Is to throw your crew overboard?
Re: Best way to bail out a sinking ship (Score:2)
You do not have to pay the dead.
Re: (Score:1)
No, but you might have to pay the estates of the dead.
Anorexic not lean (Score:2)
I get Intel getting out of some lines of business but they should just sell those lines of business rather than slash staff and then hold on to a completely dead product.
And you can't keep cutting. You won't be able to compete with AMD. They're already getting their asses kicked in the data center. If this keeps up the oems will be next. And the enthusiast market isn't big enough to sustain a company like Intel.
Never mind that there are gpus are supposed to be pretty good now but you can't get one f
Oregon was telegraphed (Score:2)
Oregon layoffs were telegraphed months ago. The only part of the story that is interesting was the exact numbers in the WARN statement.
Cut your way to profit! (Score:2)
Has cutting your way to profitability ever worked in the long term for literally anyone?
Was Intel so mismanaged that they can cut 20% of their workforce without brain-drain or operational issues? I'm guessing the answer is "no" and the MBA types are just doing their usual short-term bullshit to vest their golden parachutes before getting shitcanned themselves.
Who cares about the long term? (Score:2)
throwing out people is a simple way to secure your performance bonus for this year!
Success guaranteed!
Re: (Score:2)
Its perfectly plausible that Intel has deliberately held on to talented staff that they had no immediately profitable use for. That isn't mismanagement. Deciding that there was no likely future in the company for those people means layoffs. Its also likely that they had projects they decided to abandon and no need for the people working on them. That isn't mismanagement either. Its called cutting your losses.