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Intel's Day of Reckoning Arrives: 15,000 Jobs Will Be Eliminated

57 pointsby cheptsov10 months ago

5 comments

adrr10 months ago
Intel received almost $20 billion from the CHIPS act and cuts their employees. So glad we gave them money.
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gnabgib10 months ago
Discussions<p>(106 points, 19 hours ago, 92 comments) <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=41133084">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=41133084</a><p>(77 points, 19 hours ago, 16 comments) <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=41133133">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=41133133</a>
mk8910 months ago
Well if you see [0] and [1] it says that &quot;all other&quot; business units went down 46% and 32%. One might speculate where these 15K employees work... Not saying at all they are not working or doing good work, far from it, but if you don&#x27;t make revenues, you have 2-3 quarters...<p>[0]: <a href="https:&#x2F;&#x2F;www.intc.com&#x2F;news-events&#x2F;press-releases&#x2F;detail&#x2F;1692&#x2F;intel-reports-first-quarter-2024-financial-results" rel="nofollow">https:&#x2F;&#x2F;www.intc.com&#x2F;news-events&#x2F;press-releases&#x2F;detail&#x2F;1692&#x2F;...</a><p>[1]: <a href="https:&#x2F;&#x2F;www.intc.com&#x2F;news-events&#x2F;press-releases&#x2F;detail&#x2F;1704&#x2F;intel-reports-second-quarter-2024-financial-results" rel="nofollow">https:&#x2F;&#x2F;www.intc.com&#x2F;news-events&#x2F;press-releases&#x2F;detail&#x2F;1704&#x2F;...</a>
setgree10 months ago
I am not an industry insider or analyst, but IMO, the proper time to take a hard look at the business, and make cuts like this, was probably right around when Apple&#x27;s silicon got released to glowing reviews. If Apple could get better performance &amp; better battery life than anything Intel could offer with a fraction of the resources (devoted to processors, anyway), that was a damning wakeup call. Now, Dell, Samsung, and and Asus are all debuting ARM-based laptops as well, also to glowing reviews. Meanwhile, Intel&#x27;s 13th and 14th generation chips are having serious issues [0], and the marginal costs of their next-gen chips are forecasted to be unusually high [1].<p>It&#x27;s been rehearsed to death that Intel missed the boat on mobile, AI, and datacenters. But if they can&#x27;t even compete in CPUs for laptops, where they could and should be absolutely dominant, bankruptcy is a serious possibility in the not too distant future.<p>The thing that strikes me as truly bizarre about Intel&#x27;s downfall is that their rivals often make big, obvious mistakes. The one that comes to mind is: what was AMD thinking with their 8600G and 8700G releases? Their pricing made no sense [2], and the laptop-based parts with the same GPUs are, evidently, perfectly fine for mini-pcs where a discrete GPU isn&#x27;t possible [3]. So there was no obvious market need there (except may be for home-builders, but even there, a lot of cheap CPU&#x2F;GPU combos made more sense for most use cases). Now we have Zen 5 parts coming out <i>in the same year</i> that blow the previous generation out of the water [4]. This is not a coherent strategy. This is not an unbeatable adversary.<p>I hope Intel pulls it together for competition&#x27;s sake, because right now, a lot of things about the consumer PC market could stand to be improved.<p>[0] <a href="https:&#x2F;&#x2F;www.tomshardware.com&#x2F;pc-components&#x2F;cpus&#x2F;intel-announces-an-extra-two-years-of-warranty-for-its-chips-amid-crashing-and-instability-issues-longer-warranty-applies-to-13th-and-14th-gen-core-processors" rel="nofollow">https:&#x2F;&#x2F;www.tomshardware.com&#x2F;pc-components&#x2F;cpus&#x2F;intel-announ...</a><p>[1] <a href="https:&#x2F;&#x2F;www.tomshardware.com&#x2F;pc-components&#x2F;cpus&#x2F;intel-lunar-lake-is-almost-entirely-outsourced-as-panther-lake-and-clearwater-forest-get-powered-on" rel="nofollow">https:&#x2F;&#x2F;www.tomshardware.com&#x2F;pc-components&#x2F;cpus&#x2F;intel-lunar-...</a><p>[2] <a href="https:&#x2F;&#x2F;www.techspot.com&#x2F;review&#x2F;2796-amd-ryzen-8700g&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.techspot.com&#x2F;review&#x2F;2796-amd-ryzen-8700g&#x2F;</a><p>[3] <a href="https:&#x2F;&#x2F;minipcs.org&#x2F;" rel="nofollow">https:&#x2F;&#x2F;minipcs.org&#x2F;</a><p>[4] <a href="https:&#x2F;&#x2F;www.anandtech.com&#x2F;show&#x2F;21485&#x2F;the-amd-ryzen-ai-hx-370-review" rel="nofollow">https:&#x2F;&#x2F;www.anandtech.com&#x2F;show&#x2F;21485&#x2F;the-amd-ryzen-ai-hx-370...</a>
ChrisArchitect10 months ago
[dupe]<p>More discussion on official release: <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=41133084">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=41133084</a>