Intel Looking to Lay Off Meaningful Numbers of Staff, Can Some Products, After Profit Slump

[The red spirit]

I guess literally everything is cheaper to be bought from China. Chips, cars, any products.
But there are protectionist "laws" between the EU, UK and US - trade agreements? which ignore the economic reality?

Because they are countries and not big corps. They have so many other things to care about and reasons for behaviour. Anyway, this is off-topic and not related to CEOs at all.

 

[AusWolf]

Many of those directors are also directors of different companies and they decide things together. I don't say that he does nothing, but saying that it's rather easy for him, compared even with other Intelers. I still think that his work is overpaid a lot. The biggest asset of company like Intel is their engineering, but you don't hear about bonuses for engineering department.

I'm not sure how easy it is. I probably wouldn't sleep too well knowing that the fate of an international company and that of hundreds of thousands of employees rests on my shoulders. But I do agree that like most CEOs, he's overpaid.

 

[The red spirit]

I'm not sure how easy it is. I probably wouldn't sleep too well knowing that the fate of an international company and that of hundreds of thousands of employees rests on my shoulders. But I do agree that like most CEOs, he's overpaid.

And what's the big deal if Intel fails? It's not like Intel is the only one semiconductor company. Also after some time lay offs are just numbers in spreadsheet nothing more, I don't think that it should be particularly weird to employees too. Many companies fail all the time, even more so in tech sector, which is notoriously volatile. If you wanna just fart in office chair and become irreplaceable (aka lazy), then get a govy job, you go to Intel to do cool shit. If you even make to Intel, then that fact alone makes you rather employable in other tech companies too.

 

[AusWolf]

And what's the big deal if Intel fails? It's not like Intel is the only one semiconductor company. Also after some time lay offs are just numbers in spreadsheet nothing more, I don't think that it should be particularly weird to employees too. Many companies fail all the time, even more so in tech sector, which is notoriously volatile. If you wanna just fart in office chair and become irreplaceable (aka lazy), then get a govy job, you go to Intel to do cool shit. If you even make to Intel, then that fact alone makes you rather employable in other tech companies too.

Do you seriously think that failing as the CEO of a multibillion dollar company with hundreds of thousands of employees is no big deal? It even affects you as a consumer as some form of competition helps keep prices down (even if they seem high as f*** at the moment), not to mention the global (and US) economy that is dependent on these tech giants.

 

[The red spirit]

Do you seriously think that failing as the CEO of a multibillion dollar company with hundreds of thousands of employees is no big deal? It even affects you as a consumer as some form of competition helps keep prices down (even if they seem high as f*** at the moment), not to mention the global (and US) economy that is dependent on these tech giants.

More or less yeah, economic matters will matter a bit, but I don't care if they would lay off staff. And since 2020 it looks like competition did jackshit to keep prices in check anyway. Global economy doesn't depends on Intel much if at all, but US military sure does.

 

[Bomby569]

Bad managment continues to drive Intel into the ground.

 

[NoneRain]

Hope they don't can their GPU. The market needs another player...