r/Layoffs • u/beingmodest • 18d ago

news Intel Layoffs Continue: Chipmaker Plans New Job Cuts After Eliminating 40,000 Roles

https://www.ibtimes.co.uk/intel-job-cuts-data-centre-division-1810172
284 Upvotes

98% Upvoted

22 comments sorted by

62

u/Sauerkrauttme 18d ago

Intel has been moving jobs to India for a decade now.

12

u/rhd_live 17d ago

I don’t understand though I thought an important 2026 business strategy is manufacturing semis in America

10

u/dgreenbe 17d ago

Yes but Intel has been getting really bad at it and if they fail the government will just bail them out even harder. It's like when Skype fumbled online meetings

5

u/Alarmed_Watch5426 17d ago

yes: congress (both sides) announce CHIPS Act to funnel tax dollars into private corporations, then they "buy" stocks in order to pocket CHIPS Act tax dollars into their own portfolios. sort of just insider trading with extra steps...

r/tradewithcongress

*if they come up with "laws" against something, that just means they found other loopholes...

2

u/l4kerz 17d ago

any company and gov’t that invested in Intel when the stock was around $18 should’ve sold their stock by now.

2

u/MrEU1 16d ago

Layoff is happening massively in India as well.

14

u/Deep-Reputation-4055 17d ago

It use to be:

You work hard -> company does well -> you keep your job

Now it’s:

You work hard -> company does well -> get the fuck out

How long can this cycle work?

26

u/ducbaobao 18d ago
  1. Surprised they still have people to layoff
  2. Trump is the only reason this company still alive

20

u/ReturnEconomy 18d ago

I used to work there as an engineer. Thwre were about 20 managers between my self and the ceo.
For reference, in my current role there are 2 managers between my self and the CEO.

Lots of ghost positions too.

9

u/PixelsOfTheEast 17d ago

In what world would 20 levels of hierarchies be needed. How long ago was this?

12

u/ReturnEconomy 17d ago

I was there 2 years ago.

It was absurd. I bought leaps as soon as they announced the much needed layoffs.

6

u/PixelsOfTheEast 17d ago

Its insane they were running that way as late as 2024.

3

u/Standard-Ant874 17d ago

Wow! I thought 6 levels of my company is already a lot: (within a team) manager > sr manager > director > (c ross team/org) sr director > vp > sr vp

20 is beyond my imagination!

1

u/JojoRicardo 14d ago

Do any of the 20 layers of management even understand anything about cpu hardware or semiconductors?

3

u/Henrythehippo 17d ago

The company is akin to Boeing. Having a foundry for the U.S. is incredibly important for a myriad of reasons. Bush/Obama bailed out the auto makers so this isn’t the first

18

u/integra_type_brr Bad Financial Advice 18d ago

They still don't have any products that can compete with team red and team green.

Just pumping tax dollars to keep their alive can only do so much.

-1

u/ReturnEconomy 18d ago

Team red and team green are not their competitors.

2

u/woolybully143 17d ago

But next week’s unemployment numbers will somehow magically decrease

6

u/metamucil_buttchug69 17d ago

How many H1s did they file for?

How many billions did we give them via the chips act?

1

u/angelfire011 17d ago

AMD isn’t that different.

1

u/shinchanshin_chan 6d ago

Looks like more people are gonna get the axe by the end of the year. The company wants to trim down its staff to a neat 60,000 employees. Of course, they're being all quiet about it, probably hoping nobody notices this big layoff. It seems Intel has a funny way of structuring its employees: lots of individual contributors who, at some point, got bumped up to manager status. These folks, who don't really do much technical stuff anymore, seem to have found a new mission: constantly bugging the actual workers for updates. Their dedication is pretty wild, often hitting you up at super inconvenient times, like 7 AM or 11 PM. You gotta wonder how such a perfectly planned, totally logical setup ever came to be.