WYP
News Guru
Intel to lay off nearly 2,400 employees in Oregon, putting the company's manufacturing ambitions into doubt.
Read more about Intel's HUGE Oregon layoffs.
Intel layoffs over 4x worse than expected at in Oregon
- Thread starter WYP
- Start date
Read more about Intel's HUGE Oregon layoffs.
NeverBackDown
AMD Enthusiast
All the support from the US government and they still can't manage themselves. Jeez. They really dug a deep hole I guess.
WYP
News Guru
It is a shame. Intel took too long to make an engineer its CEO again after Brian Krzanich left. It also took them too long kicking that guy out. He squandered Intel's lead and spent too much money on shareholders and drones. He left Intel's process tech lead behind and deprived the company of what should have been a huge war chest for fab investment. Short term economics against long-term leadership.
Mistake 1 was not kicking out Krzanich sooner. Mistake two was making Bob Swan CEO. Two years with a CFO in charge instead of an engineer. One has to wonder where Intel would be if they put Pat in charge two years earlier. Two more years to execute his foundry vision before financials turned against him and shareholders wanted blood. It is known that he was approached to become CEO when Krzanich left, but his strategy was seen as too expensive. Two years later they crawl back, handing him and Intel in a worse position and less time.
Intel may be in a bad place now, but it's because of bad decisions spanning back a decade.
As for their new CEO, Lip Bu-Tan, I don't know what his plan is. Can anyone trust their foundry roadmap when they are laying off people at this rate? I'm hearing that they have lost a lot of engineers. It's madness. I guess he needs to do what needs to be done to deliver "shareholder value."
NeverBackDown
AMD Enthusiast
Nothing else matters unless the people at the top make all the money they can. They just move onto the next role.
