Gelsinger needs to resign / be fired by the board. He is not the right person leading Intel, he wasn't the right person leading VMware. He's a CEO with a superiority complex.<p>Remember that the US taxpayer has sunk over $8.5B in secured funding into Intel already and they are eligible for another $11B in USG loans [0]. Gelsinger should not be the guy in charge of this anymore. Hopefully the US calls into question the path Intel is on as it is a matter of national security in the long run.<p>[0] <a href="https://www.intel.com/content/www/us/en/newsroom/news/us-chips-act-intel-direct-funding.html" rel="nofollow">https://www.intel.com/content/www/us/en/newsroom/news/us-chi...</a>
Offtopic questions:<p>> Intel will broadly offer applications for a “voluntary departure” program next week to employees at the company, according to the memo. The company is also announcing a companywide enhanced retirement offering for eligible employees.<p>What does it mean for anyone to voluntarily depart and what is this enhanced retirement offering?<p>Never heard of such practices before, hence my mind is very curious.
Blaming missing the AI boom on your revenues just shouldn't fly as an excuse.
Good hardware makers should be innovating in other ways not just focusing / relying purely on AI and other tech trends for their revenue.
[dupe]<p>More discussion on official release: <a href="https://news.ycombinator.com/item?id=41133084">https://news.ycombinator.com/item?id=41133084</a>
I don't know if laying off people is the right move here.<p>yeah intel is in for a bit of pain as they reconfigure. but they're smart. they just need to execute with the ferocity of a mongol general.