from Hacker News

Intel to lay off 15,000 employees

by bulla on 8/2/24, 3:34 AM with 29 comments

  • by windexh8er on 8/2/24, 3:47 AM

    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.

    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.

    [0] https://www.intel.com/content/www/us/en/newsroom/news/us-chi...

  • by gnabgib on 8/2/24, 3:37 AM

    Discussions

    (81 points, 7 hours ago, 58 comments) https://news.ycombinator.com/item?id=41133084

    (66 points, 7 hours ago, 16 comments) https://news.ycombinator.com/item?id=41133133

  • by n_ary on 8/2/24, 9:31 AM

    Offtopic questions:

    > 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.

    What does it mean for anyone to voluntarily depart and what is this enhanced retirement offering?

    Never heard of such practices before, hence my mind is very curious.

  • by cranberryturkey on 8/2/24, 3:39 AM

    it was 10k the other day, now its 15k. :(

    are these all in the bay area?

  • by bimguy on 8/5/24, 12:13 AM

    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.

  • by jamesblonde on 8/2/24, 4:36 AM

    Does Intel have any chance of getting market share from Nvidia with Gaudi? PyTorch, TensorFlow, etc can all run reasonably well on Gaudi.

  • by laweijfmvo on 8/2/24, 3:58 AM

    not only did they miss smartphones and now AI, they're getting whooped by AMD in servers and are close to irrelevant in low power / laptops.

  • by Havoc on 8/2/24, 12:13 PM

    I've seen 20k, 15k and 10k mentioned. Seems like nobody knows what's going on

  • by ChrisArchitect on 8/2/24, 5:13 AM

    [dupe]

    More discussion on official release: https://news.ycombinator.com/item?id=41133084

  • by dzonga on 8/2/24, 11:08 AM

    I don't know if laying off people is the right move here.

    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.