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Intel swings the axe again as it looks to lose 5,000 staff

"Our source told us the bulk of the cuts appear to be in non-core operations, such as HR, marketing, and other back office staff. Employees who work on hardware appear to have been spared"
 
The Intel Texas cuts are former Altera, the fabless chip designer of FPGAs. That doesn't sound like support functions but rather engineering to me.
 
benb said:
The Intel Texas cuts are former Altera, the fabless chip designer of FPGAs. That doesn't sound like support functions but rather engineering to me.
Click to expand...
Aren't they now minority (49%) owners of Altera (in which case are these really core Intel staff cuts) ? Can't quite keep up with all the changes.
 
XYang2023 said:
"Our source told us the bulk of the cuts appear to be in non-core operations, such as HR, marketing, and other back office staff. Employees who work on hardware appear to have been spared"
Click to expand...
If this turns out to be true, that is good but based on my reading of things I see on LinkedIN, Reddit & Glassdoor etc, this is not entirely the case. Lot of engineers are being cut as well. I read one comment in reddit where someone said, the engineering managers are downgrading themselves to engineering technicians role and the technicians are being let go to meet the department level headcount targets and these managers haven't worked in engineering role for a long time which that is causing issues in fab. This is just one anecdotal observation based on an anonymous comment. So we should just take that with a grain of salt. We will just have to trust that LBT has a plan to make sense of all these things going on now!
 
XYang2023 said:
"Our source told us the bulk of the cuts appear to be in non-core operations, such as HR, marketing, and other back office staff. Employees who work on hardware appear to have been spared"
Click to expand...
You dont have to have a "source" its literally posted in the warn notices.


I dont know if I would call majority from HR/Marketing etc. Module Engineer, Yield Development Engineer, Process Integration Development Engineer were the some of the highest ones.
 
blueone said:
That's exactly the question that has come into my mind. I don't understand LBT's strategy for creating strategic confusion across the company at multiple levels, and expecting an efficient, innovative, productive company to pop out of the turmoil at the end of the process.
Click to expand...
I guess he is following Andy Grove's advice of let chaos reign and than rein in chaos.
He is currently at the first step to make Intel chaotic 🤣
 
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