Intel CEO announces layoffs, restructuring, $1.5 billion in cost reductions, expanded return to office mandate
Intel CEO announces layoffs, restructuring, $1.5 billion in cost reductions, expanded return to office mandate
Direct link to Intel press release - Lip-Bu Tan: Our Path Forward
"It’s going to be hard. It will require painful decisions. But we will make them knowing it’s what we must do to serve our customers better as we build a new Intel for the future – and I have great confidence in the power of our team and our people to make it happen."
It's gonna be hard, huh? For who, exactly? So much confidence in the power of their teams, yet they don't seem to have any trouble cutting off large swathes of them. I can't stand corporate speak and every syllable is dripping with it.
One of the largest names in cpu chips and this is the thanks their workforce gets for helping them reach such a position. Fuck this guy
We need massive changes in global judicial approaches, criminal law, and rehabilitation programs where full asset seizure and multi decade community service (say as a live-in junior janitor in an infectious disease hospital) are applied for high level organized crime by oligarchs and their lackeys.
I can guarantee you that Lip-Bu Tan (and others like him) will show a lot more humility if such reforms are implemented.
Pretty standard stuff. Let's see how things go.
I’ve been surprised to learn that, in recent years, the most important KPI for many managers at Intel has been the size of their teams. Going forward, this will not be the case.
I am assuming this was an unofficial metric, team size couldn't have been a formal KPI, could it?
Has anyone actually decided KPIs for themselves? Every time I make one my boss basically says "Yeah, that's cool, but I think you should..."
