Tracking the Intel turnaround - watching the hiring patterns

[tooLongInEDA]

Prompted by seeing a new article from Claus Aasholm at Semiconductor Business Intelligence (who deserves all the credit for this insight and has some of the best data graphics I've ever seen).

He rightly points out that even as we pass [probably] the period of maximum pessimism around Intel and mass layoffs are still occuring, we do also know that Lip-Bu Tan is committed to refreshing Intel with necessary new hires to drive the turnaround. So we can usefully start paying attention to exactly who Intel is trying to hire and where.

Claus' analysis suggests that Intel's open hiring positions have actually turned back upwards. Also interesting to note that there's been no drop in total Intel headcount in Asia (though some might still be working its way through).

My own instinct is that doing the right new hiring and getting the right people in the right positions may be even more important than the current headcount reductions. And this is something I definitely think Lip-Bu Tan can do. As long as he doesn't get too many more interruptions from his new shareholder.

Update on Intel Headcount

HR is back from vacation, and the number of open jobs has increased by 53% over the last 5 weeks. The new strategy is surfacing.

clausaasholm.substack.com

 

[MKWVentures]

Prompted by seeing a new article from Claus Aasholm at Semiconductor Business Intelligence (who deserves all the credit for this insight and has some of the best data graphics I've ever seen).

He rightly points out that even as we pass [probably] the period of maximum pessimism around Intel and mass layoffs are still occuring, we do also know that Lip-Bu Tan is committed to refreshing Intel with necessary new hires to drive the turnaround. So we can usefully start paying attention to exactly who Intel is trying to hire and where.

Claus' analysis suggests that Intel's open hiring positions have actually turned back upwards. Also interesting to note that there's been no drop in total Intel headcount in Asia (though some might still be working its way through).

My own instinct is that doing the right new hiring and getting the right people in the right positions may be even more important than the current headcount reductions. And this is something I definitely think Lip-Bu Tan can do. As long as he doesn't get too many more interruptions from his new shareholder.

Update on Intel Headcount

HR is back from vacation, and the number of open jobs has increased by 53% over the last 5 weeks. The new strategy is surfacing.

clausaasholm.substack.com

Good data. I believe LBT plan is to get rid of a lot of "extras" and "Intel way" people. AND add new people with new ideas from successful companies. Extremely painful, but its how to change the culture and eliminate the "But you dont understand how we do it here" comments.

FYI: Good comments from DZ today at analyst presentation. I really like that guys honesty (Diamond Rapids doesnt match competition....).