The same thing that happened to Boeing is happening to Intel. Both companies had a history of having engineers who knew the product as CEOs, but along the way they started hiring CEOs more concerned with cutting corners and cost anywhere they could. The result is lower quality and less innovation.
@deebee4575 that's the distraction story. The real reason is all the $ went to executive salaries and stock buybacks. Shareholders were put ahead of employees and customers
Intel has been heading downhill ever since CEO Paul Otellini passed up on the opportunity to make the chips that would go inside the original iPhone. This is why you don't put an MBA in charge over an engineer of a tech company!
@@PhrontDoor Might be too little too late for Gelsinger. Wall Street wants immediate results and doesn't want to wait for his long term strategy which could work.
Joke on you, Intel employees are mostly hardware engineers, they don't make that much compared to sw firms like google apple, and also, this big number lays offs are based in Oregon, they won't affect the housings in bay area.😂
13th/14th Gen issue is going to cost and they need to drop payroll in order to make up for the losses on the probable class action suit. The employee's had to know this was coming as investors should've as well. "Thank You Steve."
You don't understand how technology works, it's not that easy. They basically need to revamp their entire CPU design from the ground up by ditching their 13K and 14K blueprint and probably their 15K too. There's no ASAP with R&D.
@@bobbymoss6160 Jan 2011 "Intel put together a team of engineers to discover the source of the problem. Based on the timeline it looks like it took them a couple of days to figure it out. Intel then spent a few more days trying to understand the implications of the issue. Finally, late last night, Intel decided the only course of action would be a recall and it halted production of its 6-series chipsets. Recalls are never fun to do. If you don’t have a replacement product in the market it means that your sales come to a halt. You also have to deal with actually recalling all of the faulty hardware, which costs a lot of money. Intel expects it’ll cost $700M to actually recall and fix hardware in the market today and another $300M of lost revenue for the chipset business while this is all happening. Altogether we’re talking about a billion dollar penalty. It’s like Intel’s version of the RRoD [Ed: Microsoft's Xbox 360 Red Ring of Death], but without the years of denial."
@@andretokayuk8100 I fully understand the meaning. The word "recession" has literally nothing to do with political ideologies. You would feel less like a victim that has to challenge everything as politics if you got out of that mindset. Not everything is a war between red and blue nonsense.
They need multiple 200,000,000$ EUV lithography machines and 400,000,000$ high NA EUV lithography machines or they won't make faster chips and they have to cut more jobs. I blame them cheaping out on research and development ten years ago for the job cuts.
uv machines are not something you can decide not to purchase because the company is not making good profit. It takes like couple years to receive the machine after you order and without it, you can't do anything. It isn't something you can buy just because you have money
Looks like a repeat of IBM is coming. Intel is becoming less and less relevant in the market. But cutting R&D spending? You might as well call it quits. How can you recover if you can’t find the next big and best thing. Intel was arrogant thinking Apple couldn’t jump ship and weren’t willing to help Apple as a customer support Apples design philosophies. It also gave rise to the Arm on Windows. Combined with share buybacks and shareholder pandering, it’s no wonder it’s in this state.
Intel is on a downhill slow slide to oblivion. Few factors. AMD and Nvidia is eating their lunch. China is reducing Intel chips purchases . They will get smaller ……their revenues will be insufficient to finance more r & d ….the downward spiral . It will be like Motorola etc…..
"U.S. Department of Commerce has proposed up to $8.5 billion in direct funding through the CHIPS and Science Act to advance Intel’s commercial semiconductor projects in Arizona, New Mexico, Ohio and Oregon." - See the Government fixes everything.
@@kennethloki7011 how is that unrelated?!? Inhell took the fed's billions.. actually, the tax slaves' billions to invest into making more competitive chips... Relax your upper sphincter, Ken... you're working too hard !)/*
@@andretokayuk8100 so you have no clue why Intel is losing money and laying off employees to protect their shareholders. It's OK little buddy, I have faith that you can spend a minute to go read about why they're in this position. Study up now. Maybe you'll be able to have a non political conversation with your family and impress them instead of making them wonder where they went wrong. You can do it champ.
@@kennethloki7011 Right after you pull those cop d!cks from your fawning mouth, Ken.. you really shouldn't be talking with your mouth full anyway.. ya know.. choking hazard X)/*
I love it when MAGA unknowingly reveal they're broke when they complain about the economy. Just take the money you spend on MAGA hats and cigarettes and buy some NVIDIA stock while you still can.
@@kennethloki7011 I'm certain people from all political leanings are broke right now. Inflation seems to climb no matter who is in office. I didn't vote for Biden, yet am trying to stay positive.
@@adamcasas6519 I can see the chip factory from home, parking lot is filled with Subarus with Biden/Harris bumper stickers, for sure a blue city at least.
The same thing that happened to Boeing is happening to Intel. Both companies had a history of having engineers who knew the product as CEOs, but along the way they started hiring CEOs more concerned with cutting corners and cost anywhere they could. The result is lower quality and less innovation.
It’s not just them. It’s literally all of you.
It's more like they're more concerned with DEI hiring than quality control. That's the basis of all this.
@@deebee4575 technically you’d be DEI.
@deebee4575 that's the distraction story. The real reason is all the $ went to executive salaries and stock buybacks. Shareholders were put ahead of employees and customers
Intel has been heading downhill ever since CEO Paul Otellini passed up on the opportunity to make the chips that would go inside the original iPhone. This is why you don't put an MBA in charge over an engineer of a tech company!
No it's been downhill ever since the pathetic worthless lazy freeloading democRATs took control
You sound like Sandy Munro! 😊
Their current CEO is not an MBA, he's a tech, from Stanford.
@@PhrontDoor Might be too little too late for Gelsinger. Wall Street wants immediate results and doesn't want to wait for his long term strategy which could work.
the best and brightest mbas from harvard and other ivy league schools have once again ruined a great engineering firm
Same thing happened at Boeing
Same thing happens every day across America. You are all bad at your jobs. Historically bad. Prove me wrong.
@@RobSchmitz1977 correct
😂
Fr they are hiring those god damn Karen and idiots. Too run there establishment and not want to cut down the root.
Decrease of revenue by1% so you fire 15,000 workers. F this ceo
Lol its just like the memes you see online except it's real this time😂. Imagien it decreased by 2% they would have went bankrupt.
But but you fully support DEI😊
15,000 houses about to come onto the market.
this man's focused on the real issue.😂
Damm that's a BIG number.. good luck y'all finding new jobs. Not fun having no paycheck
Unemployment checks will last a year.
The CEO has been a disgrace and dismal failure!
He is a bigger coward for not resigning
That's what happens when you treat your employees like garbage.
The amish CEO needs to go.
It's Paul Otellini fault not pat
@@AndrewMellor-darkphoton he just makes promises that he can't keep .. over and over and over.
Techies ruined the housing market in California, so I don’t feel bad
Joke on you, Intel employees are mostly hardware engineers, they don't make that much compared to sw firms like google apple, and also, this big number lays offs are based in Oregon, they won't affect the housings in bay area.😂
@@jsc3417 f’em
Wouldn't be anything to do with the CPU issue that was revealed that required a patch to control but isn't a fix would it?🤔
100% is
The government should investigate these companies after they get government assistance they laying off people
'government assistance'? u mean like subsidies?
theres no such thing as stable employement in 2024
Intel outside, now.
Nothing new. Happens every 7 years.
13th/14th Gen issue is going to cost and they need to drop payroll in order to make up for the losses on the probable class action suit. The employee's had to know this was coming as investors should've as well. "Thank You Steve."
There will be more than that
Recall and replace the CPUs that have a 100% premature failure rate ASAP.
THAT is how to regain investors' confidence.
.
You don't understand how technology works, it's not that easy. They basically need to revamp their entire CPU design from the ground up by ditching their 13K and 14K blueprint and probably their 15K too. There's no ASAP with R&D.
@@bobbymoss6160
Jan 2011
"Intel put together a team of engineers to discover the source of the problem. Based on the timeline it looks like it took them a couple of days to figure it out. Intel then spent a few more days trying to understand the implications of the issue. Finally, late last night, Intel decided the only course of action would be a recall and it halted production of its 6-series chipsets.
Recalls are never fun to do. If you don’t have a replacement product in the market it means that your sales come to a halt. You also have to deal with actually recalling all of the faulty hardware, which costs a lot of money. Intel expects it’ll cost $700M to actually recall and fix hardware in the market today and another $300M of lost revenue for the chipset business while this is all happening. Altogether we’re talking about a billion dollar penalty. It’s like Intel’s version of the RRoD [Ed: Microsoft's Xbox 360 Red Ring of Death], but without the years of denial."
@@bobbymoss6160
Intel does recall products.
@@bobbymoss6160
"you don't understand how technology works"
1993 : Intel chip replacement
2011 : Intel chip replacement
my mac air with apple chip performs way better than office mac pro with intel, worst chips intel is making now a days
People are disposable.
The real reason could be the failure of 13900K(S) and 14900K(S).
Hope it was the Raptor Lake team.
crazy!
How can they justify $100 million going to the CEO!?
Yes because he failed. 😂😂😂😂😂
No Pity
Maybe they didn't have enough diversity?
Intel has only ever had white CEOs, so yeah....
Intel's last 5 CEOS: 👴🏻👴🏻👴🏻👴🏻👴🏻
@@timcombs3027 Exactly!
@@timcombs3027yep. Most the managers and soft engineears are indians. Way to fail
Something to do with latest cpu controversy?
Just use more power. Crank up that voltage
A lot of new and better chip players on the market today.
Intel cant keep up.
They were at their peak in the 90s.
So if intel laid off 15% workforce for one % lower revenue… then if sales drop 7%. Then 100% laid off.
Well, they are readying up for the lawsuit, you need to have space for the budget.
All those second beach and mountain homes should hit the market in time for the feds to .25 rate reduction.
But Don't say the word "RECESSION" 👺👺👺👺👺👺👺👺👺👺
Not sure you understand how that word works. Not close to 1 gdp downturn, let alone multiple, which would signify a recession.
@@kennethloki7011 not sure you get the meaning of the word... but go ahead, tow that party line... we'll sit back and watch the dumpster fire..
@@andretokayuk8100 I fully understand the meaning. The word "recession" has literally nothing to do with political ideologies. You would feel less like a victim that has to challenge everything as politics if you got out of that mindset. Not everything is a war between red and blue nonsense.
@@kennethloki7011Lolol, stay dilusional.
@@TomSmith-ls5rn DON'T ARGUE WITH PEOPLE SCARED OF REALITY. THEY CAN'T UNDERSTAND REALITY. TOOOOO SCARED 😂😂😂
And the stock keeps dropping ... When its $10 im buying as much as i can ..
The ego of these tech companies is unbelievable.
And there goes Tesla sales.. its 1999.
Im sure its alot of those who work from home.
What? They just bought that billion dollar UV chip making machine and cut jobs?! Foul.
Take the gov money and run.
They need multiple 200,000,000$ EUV lithography machines and 400,000,000$ high NA EUV lithography machines or they won't make faster chips and they have to cut more jobs. I blame them cheaping out on research and development ten years ago for the job cuts.
Blame ai, robots, and automation. They have robots doing what people used to.
uv machines are not something you can decide not to purchase because the company is not making good profit. It takes like couple years to receive the machine after you order and without it, you can't do anything. It isn't something you can buy just because you have money
@internetpointsbank lol you mean the pathetic worthless lazy freeloading democRATs
Looks like there will be a lot of really nice houses for sale on the cheap.
Who did Intel pay to bury the lead on most networks yesterday?
Woah
Isn't the Biden economy great 😂😂😂😂. Elections have consequences 😮
That’s bad….
A 1% decrease. Not worth it to layoff that many workers. You need more to catch back up with AMD and get your head out of your money bags.
Just fab your chips with tsmc. Admit defeat. All the cool kids does it.
Wow I am unemployed now!
"Apple Silicon has defeated you" (Bane voice)
Those sanctions and more sanction are working. 😂
how about stop selling defective products instead 🙉
Looks like a repeat of IBM is coming. Intel is becoming less and less relevant in the market. But cutting R&D spending? You might as well call it quits. How can you recover if you can’t find the next big and best thing. Intel was arrogant thinking Apple couldn’t jump ship and weren’t willing to help Apple as a customer support Apples design philosophies. It also gave rise to the Arm on Windows. Combined with share buybacks and shareholder pandering, it’s no wonder it’s in this state.
THIS IS GOOD NEWS.
Good Inerchi To All 🙏
Well the USG did back AMD so this move makes sense.
AI coming for jobs.
Ritualistic
DEI ....indian ....cause Intel and Boeing the situation.
Microsoft has an Indian CEO and he saved the company. Intel only hires whites guys and keeps failing. You figure it out.
Intel is on a downhill slow slide to oblivion.
Few factors.
AMD and Nvidia is eating their lunch.
China is reducing Intel chips purchases .
They will get smaller ……their revenues will be insufficient to finance more r & d ….the downward spiral .
It will be like Motorola etc…..
#BIDENOMICS
it's working
Hackers revenge May Be in the Futurama..?
OREGON was on fire in 2020 .... one word: Karma
Sounds like the economy is doing justtttt great!
Nvidia and TSMC are doing great. Intel has just been poorly run.
@@charlesm2437we have among us a Biden kamela Fan boy who even finds positivity inside the black hole good
@@nazad89 Go to bed. You have to make sure to wake up early to get to your min. wage job😂
@@charlesm2437 nvidia is pump and dump
@@charlesm2437 that explains your level and what more to expect from a liberal. Take ur green pill and hug ur purple pillow & sleep.
Wait hasn’t Biden been Bragging about his “investments” creating jobs?
So much for Biden's "Build Back Better" jobs
To build back, one must first destroy what exists. Good luck with making anything better that way . . .
When asked for comment about the layoffs, the CEO replied that he's unburdening Intel by what has been.
Gee, that is a big number of democrat voters being fired..... great economy Joe and kakalaka
More homeless to come
AMD ALL THE WAY BABY WOOO!
Don't surprise me one bit their CPU's are garbage now. AMD is taking over...
The best economy the USA ever had…
Build back better
All these layoffs courtesy of Biden and Cameltoenomics
"U.S. Department of Commerce has proposed up to $8.5 billion in direct funding through the CHIPS and Science Act to advance Intel’s commercial semiconductor projects in Arizona, New Mexico, Ohio and Oregon." - See the Government fixes everything.
Intel screwed up. AMD seems to be doing fine.
So what?
Votes have consequences 🤨
but, but, Joe's CHIPS act
Look at you, all blubbering about something not connected to this issue. How cute.
@@kennethloki7011 how is that unrelated?!? Inhell took the fed's billions.. actually, the tax slaves' billions to invest into making more competitive chips... Relax your upper sphincter, Ken... you're working too hard !)/*
@@andretokayuk8100 so you have no clue why Intel is losing money and laying off employees to protect their shareholders. It's OK little buddy, I have faith that you can spend a minute to go read about why they're in this position. Study up now. Maybe you'll be able to have a non political conversation with your family and impress them instead of making them wonder where they went wrong. You can do it champ.
@@kennethloki7011 You’re commenting on every thread…
@@kennethloki7011 Right after you pull those cop d!cks from your fawning mouth, Ken.. you really shouldn't be talking with your mouth full anyway.. ya know.. choking hazard X)/*
Maybe they can learn to dig a ditch.
Not the CEO though, too important to layoff even though he’s the one that guided the company to this performance
build back BROKE.
You people need to thank BuyDung and CamelToe.
So much for the CHIPS and Science Act...
That's what I was thinking too.
this, you beat me to it
they took the free Biden money then fired everyone
If they are smart they will completely move the company out of Oregon with all its wack job laws
AMD > Intel
MAGA: "This must be the fault of Intel's DEI CEO!"
Intel's last 5 CEOS: 👴🏻👴🏻👴🏻👴🏻👴🏻
lol, TDS is real.
Congratulations Obama
Cuz he wasn’t
⚪️
no doubt
@@Odin33356 So you’re ok with demeaning people based on skin color? Is that a religious thing?
Charles Manson the Scorpio boy was raised by religious black people.
The children have the UFC and death row records for representatives.
He stole my social security, identity, everything I worked for and he still wants me to donate.
Build back better?
No the real reason is A I robots are going to take the place of humans in that location and many more in the future!
China now makes the best chip.
TSMC is the best and Taiwan is not China
AMD*
I love it when MAGA unknowingly reveal they're broke when they complain about the economy. Just take the money you spend on MAGA hats and cigarettes and buy some NVIDIA stock while you still can.
Bot-like comment
@45122 maybe so, but it definitely matches reality, at least.
@@kennethloki7011 I'm certain people from all political leanings are broke right now. Inflation seems to climb no matter who is in office. I didn't vote for Biden, yet am trying to stay positive.
Thanks Trump...
Its a blue state
@@adamcasas6519 I can see the chip factory from home, parking lot is filled with Subarus with Biden/Harris bumper stickers, for sure a blue city at least.
@@Hughesburner I didn't know Biden/Harris were part of the board of directors at Intel.
This dumpsterfire has nothing to do with him bot
hahahahahahaha
College for dummies
As long as they're feminist I'm ok with that😂😂😂😂
😆 🤣 😂
You democRATs voted for this
😆 🤣 😂