I guess there are 12,000 other workers somewhere else in the world that now have a job because they get to create what Intel doesn't.
BTW, according to past statistics, most of the workers that are now "paying the price", wasn't even Intel's employees 10 years ago.
Very true. I know a lot of people who work at Mobileye (which Intel is purchasing for several billion dollars). They aren't allowed to leave the office for lunch.
Is Intel meant to be a jobs program? Should they just hire and retain people they don’t need…just to keep them employed? Should they hire me to twiddle my thumbs for $100k a year just because they can afford to?
I’ve known many Intel process engineers who’ve worked 80 hour weeks for years on end. This 48 hour TSMC demand would be a relief. Unfortunately, while TSMC moved to AZ, the moved to the other side of Phoenix from the existing Fabs. An Intel engineer isn’t going to just wake up one day and decide to change jobs to TSMC. They’re an hour and a half away from each other during the morning commute. So now, the engineer needs to sell their house, move their kids to a different school. Ridiculous. It’s going to be a rare Intel engineer that’s willing to make that jump. They’re going to get the engineers who are running away from Intel, not the good ones.
A friend of mine works with Intel in a Senior Management capacity. He informed me Intel tells their employees they have a 2x limitation for returning to work with Intel if they leave for a competitor. Meaning, Intel will only accept you back so many times.
Unsure if anyone has any insight into other major firms such as the targets of the article.
Thoughts on the depression of potential compensation this could have caused since 2006?
Given the number of people Intel employs, my guess is that Intel looks far enough ahead and teams have 2 year external deadlines. They've just staggered those deadlines so the public sees either a 'tick' or a 'tock' in a year.
I was at Intel for 4 years. They always said they had
Enough cash in the bank
Would be successful as long as the fabs are busy
They are losing contracts, losing talent and are not keeping the fabs busy. They were overly arrogant. And the fact the top talent can make 3-5x with less BS anywhere else only compounds it.
It is shocking how poorly they treat their employees. No wonder they are lagging: They can't keep people on the floor because they are poorly compensated and treated poorly.
The amount of middle manager bloat is STAGGERING. 5 bosses for every person actually doing work.
As my friend put it: "What if we retained employees instead of running a strategy where we expect 20% turn-over every quarter?"
I bring this up because I see Intel as TSMC's primary competitor, and I don't see how they can hope to compete with how inefficient and incompetent they are.
What? No. The reason they got ahead was because their business model got them volume production on a scale that let them tweak and improve their process faster and more efficiently compared to the competition. And Intel shooting themselves in the foot and skipping EUV for their last few nodes was a big factor too.
Also, suggesting people are “weak” or “strong” based on the number of hours they’re willing/able to work is… problematic at best.
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