Intel to lay off more than 20% of workforce, Bloomberg News reports

a bunch of radical leftie America hating IT geeks anyway so so great loss ( did I get that right maga peeps?)

 

The ‘Golden Age’ of US Manufacturing Stumbles Out of the Gate

A Federal Reserve Bank of Philadelphia report on Thursday showed that manufacturing business conditions plunged this month, echoing another report on factory activity in New York state. The Philadelphia Fed’s new orders measure fell to the lowest since 2020, and manufacturers expected to pay higher prices over the coming months. Taken together with an April survey from the Federal Reserve Bank of New York, Bloomberg Economics predicts that the closely-watched ISM manufacturing purchasing managers PMI — a gauge of the sector’s nationwide health — will slide deeper into contraction when it’s released on May 1. The reports are among the best evidence we have on the state of the sector since the April 2 “Liberation Day” tariffs were unveiled.

 

There's plenty to hammer Trump on, but Intel's been dying for a while. This would be a headline if Biden were president again. They've gotten abused by competition.

 

Everyone in the industry knows Intel is in real trouble. This has nothing to do with Donald.

Bloated management, out of date chip manufacturing and they can't compete with the industry leaders (tsmc/Samsung). Poor leadership for a while.

 

Intel was at the center of the management vs technical skill wars going back to the 90s. Feel free to read some Andy Grove. They made a conscious decision to push out top talent in favor of more expendible numbers that could eventually be outsourced to a less capable workforce.

Basically they switched to assembly line tactics where everyone knows how to pull a lever in front of them but noone can tell you how to design an automobile.

In this way management could stay more relevant, and retaining talent became immaterial. Hope they have seen the light.

 

Sounds like Boeing. Let the accountants manage the engineers. They keep forgetting who is making the beans they are paid to count

 

No one is getting raped and murdered over it. Get over it. This story has NOTHING to do with the Right/MAGA.

 

Intel could never design its way out of a paper bag. They illegally obtained the design for the Pentium processor core from DEC and only then did their business take off. As a result, they were forced to buy Digital Semiconductor to get out a nearly $60 Billion lawsuit that they would have lost badly after Craig Barrett shot his mouth off.

Their issue now is that their primary market has long since been a commodity and they have been unable to market their excess capacity as foundry because no one wants to founder their technology that also designs processors and could very well use their knowledge from the foundry interactions to compete against the companies who would be foundry customers.

I do agree that they had also long forsaken their manufacturing engineering leadership as their fabs turned into commodity production lines.

Suit by Digital Says Intel Stole Pentium Design

 

Not like we’re losing factory jobs so who cares?

 

Perfect timing. They can get jobs in the t-shirt factories Trump is bringing back to the US.

 

Didn’t read your link did you?

 

I used to work on one of their campuses for a number of years. You’re right they’ve had problems for a very long time predating even the first Trump administration. They’ve recognized it too, but have largely never been able to figure it out. One area they knew they needed to improve was the construction cost of their factories since they were dramatically more expensive than Global Foundries. I know the guy who was tasked with identifying designs bringing down the costs. I’m not sure where that effort currently sits but that’s just one of many self-inflicted issues.

 

Janiary 4, 2025 (before Trump took office):

Intel on the Brink of Death Due to Culture Rot Says Scathing Report

Intel’s board is incompetent and its horrible decisions over the decades are going to push it towards death. The decision to fire Pat Gelsinger, put in charge a CFO + career sales and marketing leader, and cut spending on fabs in favor of a renewed focus on x86 is an example of the incompetence that will end Intel. Fabricated Knowledge wrote The Death of Intel: When Boards Fail recently explaining how board issues around leadership and planning have failed the company. Simply put, the Intel board has escaped blame for over a decade of failures. This decade of failure culminates in the ultimate mistake: dismissing CEO Pat Gelsinger.

Upon closer inspection, these failures are no surprise. 7 of 11 members have no relevant semiconductor experience. Two more are accomplished in the field but as academics, not industry players. They have no experience making hard decisions, understanding critical business inflections, and are not qualified for what’s at stake. The only member with a strong and relevant CV, Stacy J. Smith, joined just this year as a replacement for Lip-Bu Tan.

Intel on the Brink of Death Due to Culture Rot Says Scathing Report – MishTalk

 

So if someone was getting raped and murdered then it would suggest it did have something to do with MAGA? Got it.

 

Says the person that probably voted for people in congress that want to keep and bring on more rapists and murderers... projection.

 

They are already here. In fact you elected one who appointed another.

 

#G8tasthreadfailcausehecantread