Intel to Cut 10,000 Jobs Across the Globe, Projected to Save $10 Billion

[R0H1T]

Charity? I think you're being massively charitable with the term, it's all trickle upside down where the gov'ts make policies/laws to make corporations rich & billionaires richer

 

[Wirko]

Soooo Intel plans to fire HALF of AMD?!

Intel fires 10 000.

AMD has 26 000 employees in total.
Intel has 124 800 employees (before the layoffs)

You have used AMD as a unit of measure. If I continue by using Intel as a unit of measure, and look only at the market cap:

Intel plans to fire ONE FULL INTEL?

Because, right or wrong, AMD is $238 billion, and Intel is at $131 billion.

 

[Totally]

Intel: "Taxpayers give us monies or else we'll invest elsewhere and won't reshore those jobs that you keep complaining about,"
Also Intel: "Best I can do is 10k layoffs."

 

[sLowEnd]

Intel's been cutting a lot these past few years. My condolences to affected employees.

 

[JohH]

Save $10 billion. But at what cost? Which products are going to be cut, which products will be worse?

 

[damric]

My condolences if you got laid off, but look at the bright side: 10,000 isn't that bad.

Intel was originally going to terminate around 15,000. From the interview Pat said the actual number was around "14,900, ok fired", or did he mean "14090K fire"?

 

[Six_Times]

Hundreds of thousands of layoffs in 2023-24 is NOT "creating jobs."
Google
Amazon
Disney
Lenovo
Dell
Microsoft
Meta
Salesforce
Micron
Rite Aid
REI
Express
Spotify
Funko
Amyris
Wish
CVS
Walgreens
Lululemon
Gap
Nord
UPS
American Airlines
PayPal
EA
YouTube
Tesla
Stellantis US
Rivian
Pixar
TGI Fridays
Applebee's
Lucid
10,000 Fired From McDonalds, Chipotle & Pizza Hut
John Deere
SAP to lose 9-10,000 jobs by 2025
Intel to Cut 10,000 Jobs

 

[Caring1]

If this keeps up Governments will have to bring in a Universal Wage, to support all the unemployed, or the homeless camps will just keep growing.

 

[Squared]

Comparisons in workforce size between Intel and AMD should take into account the manufacturing and packaging work that AMD outsources.

Yes, Intel does outsource some fab manufacturing for consumer CPUs, but Meteor Lake's most bleeding-edge tile and base tile and packaging are all in-house. Even Lunar Lake is packaged in-house. Every desktop chip Intel has made to date was 100% in-house. Sierra Forest and Granite Rapids are in-house.

And the news often exaggerates TSMC's percentage of the market by only talking about "advanced" nodes. TSMC is huge but if you define "advanced" to be TSMC N3 and anything better, then TSMC has 100% of the advanced manufacturing capacity, never mind that most bleeding-edge processors today still use something closer to TSMC N4.

 

[Wirko]

Comparisons in workforce size between Intel and AMD should take into account the manufacturing and packaging work that AMD outsources.

Yes. Intel has started reporting design vs. foundry financials separately (and workforce separately too?) so such a comparison should be possible.

 

[DAPUNISHER]

It unfortunately is looking like closer to 17K jobs being cut https://www.anandtech.com/show/2149...ans-15-workforce-layoff-and-10b-cuts-for-2025

 

[BoggledBeagle]

I think that all the shady unfair competition people are getting sacked. From now on Intel will only compete fairly on the products parameters merits.

 

[64K]

I think that all the shady unfair competition people are getting sacked. From now on Intel will only compete fairly on the products parameters merits.

Thanks for the laugh. Well done sir.

 

[Wirko]

I think that all the shady unfair competition people are getting sacked.

Judging by the numbers, this appears to be true.

 

[dirtyferret]

Here at intel we are a family and look out for one another and be "we" I mean the shareholders.

 

[kapone32]

It is obvious (hehe) that this 10 billion is to pay to settle the Class Action lawsuit before any further damage can be done. I do lament the loss of Employees but that is true for the entire PC industry. They became beholden to the shareholders and in those 10 years of nickel and diming consumers lost their spark for innovation. They still have huge market penetration but in the DIY space only staunch Intel users will continue to support them. AMD is already several generations ahead in cores and efficiency.

 

[remixedcat]

There are lot of jokes in comments because Intel. However, one of Intel's problems that rightfully got a lot of criticism was how it seemed to try and do everything semiconductor under the sun, basically bloated. They have now closed, sold or otherwise spun off a lot of parts and are more and more focused on CPUs and GPUs plus supporting developments. Unfortunately with that type of focus and structural changes towards that some people no longer have a place. Not saying I like people losing their jobs but it does make logical sense.

they pissed a lot of money with the GPU thing. Are their ARC GPUs even worth it or even any good at all so they have something to show for the billions they poured into that?

 

[trparky]

If this keeps up Governments will have to bring in a Universal Wage, to support all the unemployed, or the homeless camps will just keep growing.

I guess Star Trek was a little early in their predictions of the creation of sanctuary districts.

I'm, of course, referring to the sanctuary districts as they were portrayed in Star Trek: Deep Space Nine's two-part episode titled Past Tense (Season 3, episodes 11 and 12).

 

[Ruru]

Wonder why they need to save that 10 billion USD... *cough*recalls*cough*