Intel Layoffs Exceed 5,000 Across US (manufacturingdive.com)
- Reference: 0178396582
- News link: https://slashdot.org/story/25/07/16/2246205/intel-layoffs-exceed-5000-across-us
- Source link: https://www.manufacturingdive.com/news/intel-layoffs-surpass-5000-across-California-Oregon-Arizona-Texas/752756/
> Most of the cuts are happening in California and Oregon. Intel more than doubled its layoff estimates for Santa Clara and Folsom to a total of 1,935 affected employees, according to California WARN filings. The cuts began taking place in Folsom on July 11, and in Santa Clara on July 15.
[1] https://www.manufacturingdive.com/news/intel-layoffs-surpass-5000-across-California-Oregon-Arizona-Texas/752756/
The bigger they are, the longer they take to fall (Score:3)
Remember how long it took for Lucent to unravel, including their Alcatel phase? Almost 15 years.
Remember how long it took for Motorola to break up into little pieces being sold off here and there? Including Huawei if memory serves me right.
The bigger they are, the longer it takes.
Re:The bigger they are, the longer they take to fa (Score:4, Insightful)
Hewlett Packard. Two noble men, history. Men who would spin in their graves. They set the bar about quality in Electronics. Now they are known for cheap computers, I guess. Sad.
Re: (Score:2)
Peter Norton same thing, not dead yet though, so perhaps just turning in his bed, or maybe enjoying the money he made from selling his company?
Re: (Score:2)
Indeed. But fall they do and Intel is showing all the signs. Has any of the large ones ever turned things around?
Re: (Score:2)
> Has any of the large ones ever turned things around?
Texas Instruments went into a nosedive in the 1980s. They bet on and failed at home computers, and Japanese competitors came after TI's bread and butter semiconductor products. TI had to restructure, do mass layoffs, close plants, etc.
Re:The bigger they are, the longer they take to fa (Score:4, Informative)
> Has any of the large ones ever turned things around?
Lou Gerstner turned IBM around.
Apple stumbled when Steve Jobs left, and recovered when he returned.
I have put off buying one of their gpus (Score:2)
Because I don't trust them supporting it with how many engineers they have laid off. It would be madness for them to start cutting their GPU division but when it comes to stock BuyBacks and shareholder value anything is possible.
If arm continues to make in roads on their main business than Intel is going to find itself in a death spiral and it's going to suck because that means only one x86 chip company unless somebody steps up and subsidizes them like they did with AMD.
But the reason AMD got those
Re:I have put off buying one of their gpus (Score:5, Informative)
They used to be the Premier manufacturer of IC's. Now, TMSC has eaten their lunch. I was never sure that they had the "best engineers", but they did have the best processes to make IC's.
Re: I have put off buying one of their gpus (Score:2)
The avalanche has already started. It is too late for the pebbles to vote.
Re: I have put off buying one of their gpus (Score:1)
One of the things I don't understand about stock buyback complaints is that being beholden to shareholders makes often make a business short-sighted. I think many call it enshitification as companies try to nickel and dime their customers. I feel like a lot of people didn't realize their linked...