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MowCowWhoHow III

(2,103 posts) Tue Apr 19, 2016, 04:19 PM Apr 2016

Intel's layoffs: 12,000 worldwide, 11 percent all workers

Source: Oregon Live

Intel confirmed a massive layoff Tuesday, announcing it will eliminate 12,000 jobs across the company – 11 percent of its work force.

The world's largest chipmaker said the company will notify most of those losing their jobs within the next 60 days and will complete the restructuring by the middle of next year.

"These actions drive long-term change to further establish Intel as the leader for the smart, connected world," chief executive Brian Krzanich wrote in a written statement. "I am confident that we'll emerge as a more productive company with broader reach and sharper execution."

Intel said its overhaul will make the data centers and the "Internet of Things" the company's primary growth engines, moving beyond the company's core PC business.

Read more: http://www.oregonlive.com/silicon-forest/index.ssf/2016/04/intel_quarterly_results.html

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https://twitter.com/AFP/status/722519183796346884

7 replies

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Highlight:

Intel's layoffs: 12,000 worldwide, 11 percent all workers (Original Post) MowCowWhoHow III Apr 2016 OP

Sad for the affected employees question everything Apr 2016 #1

Don't worry GummyBearz Apr 2016 #2

Not necessarily. cstanleytech Apr 2016 #3

Look Up This Name on the Web... Bodych Apr 2016 #5

Information Economy has squeezed all things houston16revival Apr 2016 #4

Maybe they can call it the Softer Side of Intel. seabeckind Apr 2016 #6

Half my Neighborhood Punx Apr 2016 #7

question everything

(47,483 posts)

1. Sad for the affected employees

Reply to MowCowWhoHow III (Original post)

Tue Apr 19, 2016, 04:22 PM

Apr 2016

Hope they can find something new soon.

GummyBearz

(2,931 posts)

2. Don't worry

Reply to MowCowWhoHow III (Original post)

Tue Apr 19, 2016, 04:24 PM

Apr 2016

Somewhere in India an Intel recruiter has a stack of resumes on his desk that is a mile

cstanleytech

(26,293 posts)

3. Not necessarily.

Reply to GummyBearz (Reply #2)

Tue Apr 19, 2016, 05:04 PM

Apr 2016

They probably did these layoffs because sales are down and or are predicted to decline even more due to the shift that people are making from the PC to the phone and tablets where intel is not exactly the top dog.

Bodych

(133 posts)

5. Look Up This Name on the Web...

Reply to GummyBearz (Reply #2)

Tue Apr 19, 2016, 05:22 PM

Apr 2016

...Paul Otellini.

His bone-headed decision-making as former (and well-paid) CEO proved to be a disaster. But don't worry: He was guaranteed a golden parachute upon "retirement" (that's what they called it).

The politics in that company stink to high heaven. They'll let go talented smart people before they let go ass-kissers and managerial sociopaths.

houston16revival

(953 posts)

4. Information Economy has squeezed all things

Reply to MowCowWhoHow III (Original post)

Tue Apr 19, 2016, 05:21 PM

Apr 2016

First it was office workers and typists

Now the build out of infrastructure is complete

seabeckind

(1,957 posts)

6. Maybe they can call it the Softer Side of Intel.

Reply to MowCowWhoHow III (Original post)

Tue Apr 19, 2016, 05:33 PM

Apr 2016

If they send their patent to their chipsets off with a spinoff,

good riddance.

Punx

(446 posts)

7. Half my Neighborhood

Reply to MowCowWhoHow III (Original post)

Tue Apr 19, 2016, 05:46 PM

Apr 2016

Works for Intel.

Bit of an exaggeration there though if they ever leave in force this place will go downhill in a hurry. Of course maybe it will revert to farms like it mostly was just 30 years ago. Some of the best soil in the US here.

A Senior Finance manager at Intel once told me that they would up and leave in a second if it suits them. Fortunately the capital costs of some of the new plants here make it hard to pull up stakes and leave.

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