Analysis on IT trends and competitive strategies, with emphasis on micro processors, computer systems and networks. Based on latest news, backed up with real data, this site intends to provide a true and realtime picture of the fast changing IT landscape. This journal strives to be accurate on facts and sharp on criticisms. You may email your opinion to sharikou@yahoo.com or post comments here, be cool and intelligent.
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Not all cylinders, but a bunch of people who hoped to retire there.
posted by Sharikou, Ph. D. @ 9/24/2007 02:38:00 PM
31 Comments:
Meanwhile, AMD is canceling bonuses, stock purchase plan, and gift matching.
Sabbaticals are also being deferred or cancelled.
Sharikou seen hanging out at the blogger welfare line.
Intel continually strives to make their company more efficient and profitable, a necessary reality in the business world. AMD loses billions and does nothing for 9 months until today when they announce they will cancel their stock purchase plan. Obviously, only one of these companies is run by professionals.
Actually intel corporate web page is as follows; intel announced that they would be firing in 2006, 2007, and 2008 this is far more than efficiency...
This is still posted on intel web pages...
Intel Announces Restructuring
Expects to Reduce Costs and Operating Expenses by $2 Billion in 2007, by $3 Billion in 2008
SANTA CLARA, Calif., Sept. 5, 2006 – Intel today announced plans for restructuring following an analysis of the company's structure and efficiency. As a result of the restructuring, the company expects to generate savings in costs and operating expenses of approximately $2 billion in 2007. In 2008 the company expects savings from this restructuring to grow to approximately $3 billion annually.
The savings are a combination of non-workforce related steps and a significant reduction in Intel's workforce. The company's employee population will decline to approximately 95,000 by the end of this year, resulting from workforce reductions, attrition and previously announced actions. The workforce will decline to approximately 92,000 by the middle of 2007 – 10,500 fewer than the company's employee population at the end of the second quarter of 2006. In addition to the savings from the workforce reduction, the company expects savings in merchandising expenses, capital and materials.
“These actions, while difficult, are essential to Intel becoming a more agile and efficient company, not just for this year or the next, but for years to come,” said Paul Otellini, Intel president and chief executive officer.
Most job reductions this year will occur in management, marketing and information technology functions, reductions related to the previously announced sale of businesses, and attrition. In 2007, the reductions will be more broadly based as Intel improves labor efficiency in manufacturing, improves equipment utilization, eliminates organizational redundancies, and improves product design methods and processes.
In 2008, the company expects the cost and operating expense savings from this restructuring to grow to approximately $3 billion as it achieves the full-year run rate on the projects implemented in 2007. In addition, Intel expects to achieve a capital expenditure avoidance of $1 billion by better utilizing manufacturing equipment and space. The company expects that approximately 25 percent of the project's savings in 2007 will reduce cost of sales, and the rest will reduce operating expenses.
The company expects severance costs to total approximately $200 million, offsetting some of the expected savings from the project's implementation.
Intel is currently in its quiet period, so an update to its business outlook will not be made at this time. Further information concerning savings and costs related to the restructuring project will be provided in quarterly earnings releases and related business outlook estimates. The earnings release for the third quarter of this year is scheduled for publication Oct. 17.
Many articles say that AMD treats the employees better than intel does and considering how many firings intel keeps processing we have no reason to doubt those articles.
Thousands of jobs versus a few perks.
With so many intel layoff notices its very hard to keep them all straight.
Intel to lay off 10 per cent of IT staff
To make things more efficient
By INQUIRER staff: Sunday 23 September 2007, 13:40
Intel to lay off 800 workers in Colorado
By Ben Ames, IDG News Service, 06/27/07
Intel cutting up to 1,000 jobs in New Mexico
Intel will close an outdated fab this August in an attempt to make its flash business profitable
By Ben Ames, IDG News Service
May 02, 2007
Intel to lay off 800 workers in Colorado
Marvell Semiconductor, which had bought Intel's XScale division, will order parts from a different vendor as acquisitions transition eases
By Ben Ames, IDG News Service
June 27, 2007
Intel to Lay Off 200 As High-Tech Sector Catches Global Chill
Daily Mail; London (UK), Arrival Time: 2007-09-21
By KLARA KUBIAK
intel announced 2007 and 2008 job cuts in 2006, 2007, and 2008.
AMD and VIA and IBM are CRUSHING intel SALES...
All of intels cpu offerings are obsolete antique relics....they are in serious trouble if nehalem (the opteron knock off)does not stop there market slide they will be finished.
BUY AMD hi performance, energy saving, low cost, state of the art, cpus, platforms, and video solutions.
oneexpert
Still posting year old news?
This comment has been removed by the author.
enumae said...
oneexpert
Still posting year old news?
NO NOT ONE YEAR OLD.....
2007 is not year old enumae....
oneexpert said...
2007 intel layoffs...
2007 intel layoffs....
With so many intel 2007 layoff notices its very hard to keep them all straight.
Intel to lay off 10 per cent of IT staff
To make things more efficient
By INQUIRER staff: Sunday 23 September 2007, 13:40
Intel to lay off 800 workers in Colorado
By Ben Ames, IDG News Service, 06/27/07
Intel cutting up to 1,000 jobs in New Mexico
Intel will close an outdated fab this August in an attempt to make its flash business profitable
By Ben Ames, IDG News Service
May 02, 2007
Intel to lay off 800 workers in Colorado
Marvell Semiconductor, which had bought Intel's XScale division, will order parts from a different vendor as acquisitions transition eases
By Ben Ames, IDG News Service
June 27, 2007
Intel to Lay Off 200 As High-Tech Sector Catches Global Chill
Daily Mail; London (UK), Arrival Time: 2007-09-21
By KLARA KUBIAK
intel announced 2007 and 2008 job cuts in 2006, 2007, and 2008.
AMD and VIA and IBM are CRUSHING intel SALES...
All of intels cpu offerings are obsolete antique relics....they are in serious trouble if nehalem (the opteron knock off)does not stop there market slide they will be finished.
BUY AMD hi performance, energy saving, low cost, state of the art, cpus, platforms, and video solutions.
7:58 PM, September 24, 2007
These layoffs are pretty bad considering how profitable Intel still is.
I know someone that works for Intel, at the Rio Rancho site in New Mexico. He told me that Intel fired over 1000 people from that site alone.
AMD, its only cool if you don't want a company that makes money.
AMD, comes free with the fanbois that have totally disassociated themselves fromt the truth
AMD, when just AMD won't do, just toss in IBM and VIA as well. PS: Intel's market share is four times bigger than AMD, IBM and VIA combined for CPU's. So if you define crushing as selling less than 25% of what Intel does in your world, well then....
AMD, if you don't want bonuses, stock options, gift matching, sabbaticals or any other corporate perk.
Invest in AMD, at least you KNOW you are throwing your money into a bottomless pit!
Oneexpert, the fanboi for morons and idiots alike!
Oneexpert, can't think for himself, but it makes him feel special using ctrl-A, ctrl-C and ctrl-V. Oh wait that would involve the use of a keyboard and we all know due to the whole incest thing running in his family the flipper hands he has limits him to using a mouse...
they will be finished.
Do you realize how ridiculous this sounds? AMD is the one losing $600m a quarter while Intel still has profit margin of over 15%.
Intel won back a fair chunk of market share until AMD dropped prices to $60 for a dual core CPU. (Hector Ruiz and his "we must gain market share no matter the cost"). AMD selling dual core CPUs for $60 is not a sustainable business practice.
AMD still hasn't won all that back, they're still down from late 2006.
oneexpert
SANTA CLARA, Calif., Sept. 5, 2006...
Over one year old.
Giant said...
These layoffs are pretty bad considering how profitable Intel still is.
Finally something within reason fromm Giant that I have to agree to.
I think , if you look at it one way - the profits booked in 2006-2007 are nothing but the layoffs ...how did you think Intel was about show 50 % gross on the books inspite of the brutal price war ?
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I think , if you look at it one way - the profits booked in 2006-2007 are nothing but the layoffs ...how did you think Intel was about show 50 % gross on the books inspite of the brutal price war ?
When you fire 1000 people you're not instantly going to see the benefits in terms of reduced salaries for your staff.
I have no idea exactly how the severance packages work at Intel, but at my job if you're laid off they have to pay you all the sick leave and annual leave (holidays) that you had accrued. In addition to that, if you've been in your job more than a year they have to pay you four weeks regular pay. It goes up from there at a week of pay per year you've worked until it's about 12 weeks of pay IIRC.
So when they have to pay thousands of dollars to every employee they lay off they're actually going to take quite a large hit to their profits. They won't start to see the cost reduction benefits until the following quarters.
If you're wondering how Intel still keeps it's profits up just check the 2005 results. On their best quarter they had over $3bn in profits. Profit is about half that at Intel now.
"Oneexpert, can't think for himself, but it makes him feel special using ctrl-A, ctrl-C and ctrl-V. Oh wait that would involve the use of a keyboard and we all know due to the whole incest thing running in his family the flipper hands he has limits him to using a mouse...
"
Merlin you are one Funny SOB ... I have to admit ... you are just awsome ..... I still cant stop laughing ... damn my head ...
You say all that and the retard keeps using the flipper hands :P
If their standard of work is as bad as their web design I'm not surprised they got fired.
At least the guy from FACE has more balls than sharidouche by clearly stating that he hates Intel because he was too incompetent to be given the chance to keep his job.
http://www.fudzilla.com/index.php?option=com_content&task=view&id=3263&Itemid=1
wow... just wow... rofl
AMD creates a special web page to launch....crap. Too funny....
Netrama said "I think , if you look at it one way - the profits booked in 2006-2007 are nothing but the layoffs"
Layoffs do NOT equate to over a billion in profit a quarter...your math is skewed...
If I read Sharidouche's OP again, it seems to me he recommends that companies keep dead weight around. You know if you are still a Windows 3.11 programmer, there is every reason to keep you around if you haven't even touched a 32 bit OS, let a lone a 64 bit OS before.
Amazing, that fucking moron has not a clue how big companies work, which is probably why he has this blog to make him feel better about the failure of AMD to beat Intel when it could have quite handily. Instead AMD continued its poor marketing and salesmanship, got lazy thinking Intel wouldn't make the changes it needed to, and quite frankly got hit by the Intel train as it got right back on the tracks.
Fuckwits like oneexpert can blather all they want about AMD being the best in the market, but its been proven time and time again that Intel has ruled the roost with the release of C2D. It doesn't matter how it is designed, all that matters it is currently beating the shit out of even AMD's top of the line processor with its new fangled Barcebalogna technologies.
Oneexpert and the fanbois like him are actually less useful than tits on a bull. Tits on a bull are actually kinda funny, you can laugh about it. The only thing funny about oneexpert and fanboi's like him is that they have lived as long as they have with as much brain damage as they have. I mean its rather serious damage to, just consider this list of symptoms:
1.) Completely ignore reality
2.) Lose the ability to think for oneself.
3.) Idolization of a complete moron, known liar and douchebag in general.
4.) Lack of typing ability, but that could be caused by the flipper hands too.
5.) Inablitity to look at the present.
6.) Total ignorance of the future and what it means in the technology world.
7.) Frothing at the mouth when people say the word Intel.
8.) Peeing the pants in fear when hearing the words Core2 Duo.
9.) Mistaking Jerry Sanders and Héctor Ruiz for gods.
10.) Less than Profound Mental Retardation level IQ's (in medical communities its known as being a Profound Moron, which on Wikipedia, amazingly has a link to oneexpert's posts here!)
So what was AMD's secret marketing message for? What is it for Phenom CPUs? No. What is it for RD790 chipsets? No. What then? Another 5000+ CPU. This time the "5000+ Black Edition". *yawn*
Intel continually strives to make their company more efficient and profitable, a necessary reality in the business world. AMD loses billions and does nothing for 9 months until today when they announce they will cancel their stock purchase plan. Obviously, only one of these companies is run by professionals.
Stop being so negative. Microsoft canceled their ESPP, free towels, and several other things while still clearing close to $1B\month.
AMD employees can be thankful those things stayed as long as they did. It's a small price to pay to help your company.
Wow, a 65nm unlocked chip??!! That's nto exactly what I expected, but then I didn't expect anything.
It should put to rest the rumors about a bad process. Unlocking the multi means they are confident it will hit 3.2GHz without hitting above 100W.
I guess we'll see in a few days. 3600+ had 50%+ headroom and if these are "cherry-picked" they should do at least that which may put them at 3.4GHz.
According to AMDZONE the 5000+ Black Edition is 90nm, not 65nm.
This comment has been removed by the author.
Christian Howell wrote,
Microsoft canceled their ESPP
Not quite.
Microsoft brought down the % of discount employees could purchase ESPP shares from 15% down to 10%. It also had to change terms to ensure it wouldn't get hosed entitling not FTEs to benefits like ESPP and Options.
This is hardly a cancellation. It's a reduction.
Wasn't it the layoffs that were supposed to drive Intel to BK because it couldn't pay to the people who got laid off? So I ask why does Intel still have so big profits it lays off people?
hoho: So I ask why does Intel still have so big profits it lays off people?
Why? Because maybe the IT staff they had sucked? Or maybe they were too expensive? Or maybe Intel didn't need that many of them?
Just because a company is making a large profit doesn't mean they still don't need to do cost cutting and getting rid of dead wood.
gutterrat - welcome to the world of Baronfucktard knows just exactly how everything is and everything works...
INTEL firing on all cylinders making billions a quarter.
Its AMD that needs an executive tune up. Losing hundreds of millions, product late and slow, executives leaving in droves. That Mex needs to be kicked outside and start mowing the lawn out front!
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