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jordanlund ,
@jordanlund@lemmy.world avatar

Probably just keeping the staff needed to replace all the 13th and 14th gen CPUs.

TheGoldenGod ,
@TheGoldenGod@lemmy.world avatar

I really hope they plan on fixing the problems with those generations. 🤞

glimse ,

They aren’t fixing shit since the problem is unfixable

KickMeElmo ,

The problem is fixable in microcode -if- it hasn’t already caused damage to the CPU. Most CPUs are fucked.

BassTurd ,

The micro code fix is to throttle the CPU. It’s only kind of a fix.

M0oP0o ,

And the “fix” (big foam helmet) is not even out yet. They don’t have the chips to replace them all right now and are still selling more. You can help yourself by setting the clock speed (no boost) yourself.

Oh and after the foam helmet gets put on they will still sell these using the old higher specs.

floofloof ,

It sounds like a workaround, not a fix. And it’s not clear that it stops the processor degradation, rather than just slowing it.

zurohki ,

There’s no such thing as stopping processor degradation, it’s just that it usually takes so long that nobody cares anymore.

TheGoldenGod ,
@TheGoldenGod@lemmy.world avatar

I suppose I should’ve phrased it as, compensating. Seeing as they are still being sold.

ChicoSuave ,

American companies don’t compensate unless legally obligated.

floofloof ,

And then they send you a $10 Uber Eats card.

sunzu ,

They just want you to wat out of their hand so you don't have a standing to sue.

Sanctus ,
@Sanctus@lemmy.world avatar

You know they pocket those subsidies when this happens.

800XL ,

Right to the pockets of the least useful in the company - the executives.

lobut ,

I’ll have you know they deserve that money for doing a job no one else wants! Talking to other executives! /s

Ragnarok314159 ,

That’s…wait. That’s actually a decent point. Imagine being around the scummiest, fakest people in the world 24/7. I couldn’t deal with it.

BearGun ,

For a couple hundred million a year i think i could deal with it. For like, one year, and then retire.

peopleproblems ,

And here’s where I say - what does an executive actually do? And someone will inevitably say something asinine about “risk” and “game changing decisions” and “meeting with investors.”

halcyoncmdr ,
@halcyoncmdr@lemmy.world avatar

I’d rather they try and put a random janitor in the CEO seat for a year and see what happens.

Couldn’t be any worse than the current shit stain.

floofloof ,

The risk bit is self-evidently bullshit. Executives are the last to suffer when things go wrong. They can tank the whole company through greed and incompetence, and still collect their salaries of millions plus even bigger bonuses, before walking into a similar position somewhere else. It’s the employees that shoulder the risk.

Ragnarok314159 ,

It’s always the boot lickers saying they. CEO used to be THE guy in charge. It used to be someone who knew the company and worked their way up. McDonnell Douglas/Boeing used to have engineers in charge. Same with GE. Then Jack Welch came along and destroyed that entire ideology.

He was the one that opened the door to late stage capitalism, at least in the USA. It’s hilarious how these companies piece meal themselves off acting like they did something for short term gain. Meanwhile, the Japanese, Chinese, and European companies are happy to buy all this knowledge as they are still playing the long game rather than the MBA clown show.

Burn_The_Right ,

what does an executive actually do?

According to conservatives, they trickle all over the rest of us. Isn’t that nice of them?

800XL ,

I’m still waiting - mouth wide open, head and hands towards heaven (where it comes from), for the trickle of capitalism to run down my face and enter my mouth.

Notyou ,

And here’s where I say - what does an executive actually do?

I just see them as a figure head for the people really in charge. We are now focused on dumb ass CEO decisions or announcements instead of the board voting to ship jobs overseas or something else terrible.

800XL ,

If you watch these companies they all want to be tech giants when they have no reason to do so. They hire tech execs from the giants thinking they’ll make some great business hybrid withithe help of the tech execs,but you know what? Sometimes a brick is just a brick.

Two things happen, the tech execs lead them on a wild goose chase since they have no idea how to function in a different industry and people get fired, or the CEO is scared and ignores the suggestions to follow the same thing every other company does and people get fired

RedditWanderer ,

They only made 50 billion dollars of profit last year. Won’t anybody think of the shareholders

FiniteBanjo ,

Idk about other subsidies but they’re probably not getting any CHIPS Act funds with this sort of behavior.

JoMiran ,
@JoMiran@lemmy.ml avatar

Prepping for all those spicy class action lawsuits coming their way.

Darkassassin07 ,
@Darkassassin07@lemmy.ca avatar

I’m rather OOTL with intel. Mind giving me a short summary? What’d they do this time?

M500 ,

They sold fairy high end processors. They took like 3 months to fix the issue. Processors that were damaged will remain damaged. I think Intel will replace them though.

SoJB ,

This saga has moved fast so I don’t blame you, just an FYI Intel has issued a statement saying the microcode update “will” fix all affected CPUs (it won’t, because the damage is physical) and will not be issuing a recall.

We are witnessing one of the more obvious end-game states of capitalism. Intel continues to state they don’t give a single shit about this issue, and will not do anything about it.

The corporate nihilism will continue until the collapse. More and more companies will act like this because why does anything matter when we can profit more today?

Ragnarok314159 ,

What’s the alternative to Intel for a home PC? After getting caught up on this, I won’t be ever buying one again.

jodanlime ,
@jodanlime@midwest.social avatar

AMD. Maybe Qualcomm in the near future. AMD Ryzen chips are pretty damn good.

JasonDJ ,

Oh man I would love a Snapdragon 8 Gen3 USFF or STB.

jodanlime ,
@jodanlime@midwest.social avatar

I want an arm laptop for work. I almost always use web apps or SSH or RDP. I don’t need or want a lot of power in my laptop, but fanless and big battery life sounds great.

JasonDJ ,

You essentially just described a Chromebook…

I get it. I want a Chromebook too. Just not one that has anything to do with Google.

Gimme a “Chromebook” that runs an atomic Linux distro out of the box.

jodanlime ,
@jodanlime@midwest.social avatar

Non-standard keyboard layouts. Custom kernels. Nah, I tried to rock a Chromebook but it sucks. What I really want is for arm or riscV to grow the fuck up and make an open pc platform. x86 wasn’t meant to be open from the beginning, but market forces and other reasons forced it open. We need the same thing for other architectures.

Ragnarok314159 ,

Good to know. Probably have another four years on my PC before it heads out to pasture.

WhyFlip ,

AMD

Shaggy1050 ,

IIRC they sold and shipped 2 generations of CPUs that were essentially defective and unrepairable.

H4mi ,

A bug or whatever in their 13’th and 14’th gen CPU’s makes them slowly but permanently degrade and cause crashes. Intel have not been handling the issue as you would hope since the discovery. Denying, downplaying, refusing a recall, refusing extended warranties, the lot. Now the lawsuits are cooking.

Darkassassin07 ,
@Darkassassin07@lemmy.ca avatar

Ooo spicy… I’ll have to keep an eye on that.

Thanks!

deadbeef ,

Not sure a short summary will cut it.

They had no competition for a long period and ended up with an accountant CEO that caused their R&D to stagnate massively. They had a ton of struggling and failing to deliver all in most areas, and they wombled about releasing CPU generations with ~4% performance uplifts, probably saving a few bucks in the process.

AMD turned back up again with Ryzen and Epyc models that were pretty good and and an impressive pace of improvement ( like ~14% generational uplifts ) that caused them such a fright that they figured out they had to ditch the accountant.

Pat Gelsinger was asked to step up as CEO and fix that mess. They axed some obvious defective folks in their structure and rushed about to release 12th generation products with decent gains by cranking the power levels of the CPUs to absurd levels, this was risky and it kind of looks like they are being bit with it now.

Server CPU sales are way down because they are just plain uncompetitive. They have missed out on the chunk of money they could have got from the AI bubble because they never had a good GPU architecture they could leverage over to use. They have been shutting down unprofitable and troublesome divisions like the Optane storage and NUC divisions to try and save money, but they are in a bad way.

The class actions mentioned elsewhere in the thread are probably coming because the rush to make incremental improvements to 13th generation and 14th generation CPU’s resulted in issues with power levels and other problems that seem to be causing those CPU’s to crash and sometimes fail altogether.

peopleproblems ,

What is it with accountants being chosen as CEO? Like if you were a competent accountant, you should be CFO, and the CEO is someone who knows what the fuck the company sells and how it profits, which I can guarantee you has never been a competent accountant.

TheGoldenGod ,
@TheGoldenGod@lemmy.world avatar

It’s a little like the sociopath hospital boards, having more billing staff than doctors and nurses. Making a massive mistake for quick profit and leaving it for the next guy to cleanup lawsuits. A little like robocall centers, okay with fleecing the poor as long as they only have to pay roughly 20% in damages, close shop and create a new call center all over again and rinse and repeat.

halcyoncmdr ,
@halcyoncmdr@lemmy.world avatar

It’s because the big investors only give a fuck about number go up. Accountants show number go up. All current large investors also seem to have a complete inability to look more than 1-2 quarters in advance, at most. So if number go down, instead must force change to make number go up, but again only 1-2 quarters to make it happen. If number stay down, abandon and go elsewhere.

Institutional investors, the ones with billions in assets controlled, and the real power in this world, don’t give a shit if the company is actually successful, or about sustainability, or anything other than continuous profits at any expense. And that’s how they perceive the accountants.

AbidanYre ,

Number not going up now.

Exusia ,
@Exusia@lemmy.world avatar

Number not go up?

Abandon ship to the next company where accountant promises number go up.

golli ,

I always like this answer by Steve Jobs on the topic (here it’s xerox, but this also fits Intel pretty well).

deadbeef ,

This video is perfectly applicable, the rot that sets in in a large company when you have no competition to counteract it is exactly what has happened here.

pycorax ,

Don’t forget the potential oxidation issues.

Dempf ,

Yeah /u/[email protected] kind of understated the problem. They were seeing insane failure rates in data centers like 50%. At this point, any 13th or 14th gen CPU that has experienced any crash or instability should be considered faulty unless you know the cause of the crash is from something else. This isn’t just me saying this, mainstream outlets like Gamers Nexus are saying it.

If you’re a consumer and have one of those CPUs a replacement is probably in your future. And I wonder if Intel even has stock to replace that many at once…

I can’t think of anything like this ever happening on this scale before in computing history.

notoftenthat ,

Lest we forget

en.wikipedia.org/wiki/Pentium_FDIV_bug

Jocker ,

A case study for the generations

Anti_Iridium ,

Gamersnexus does a pretty good job

TheGoldenGod ,
@TheGoldenGod@lemmy.world avatar

You’re probably right, the generation 13&14 will be riddled with lawsuits.

brucethemoose ,

I feel like they have the farm bet on Falcon Shores and (to a lesser extend) the Xe line now, and of course the foundry.

It’d be great if the bad rumors and delays would stop… yeah…

TropicalDingdong ,

Seems like a great time to buy AMD, ARM and QUAL

_bcron ,

Only if you have conviction. Buying tech in the face of recession fears is one thing, but buying tech that supplies hardware to tech is another. It’ll probably sound like a whip cracking if the AI frenzy ever collapses hard

tisktisk ,

As a 30-year-old trying to break out into a tech career, this is incredibly disheartening.
Really difficult to not give up all hope with headlines like these. How to believe in potentials for opportunities with these barrages of bad news? Where is the hope--Any silver linings at all?

AlexanderESmith ,

Get 5 remote work jobs and keep the ones that don't suck.

Eezyville OP ,
@Eezyville@sh.itjust.works avatar

Apply to non-tech companies. There ate many companies who aren’t in the tech sector that relies on in-house tech.

peopleproblems ,

As the OP said, get a job outside of tech.

The biggest research hospitals employ electronic engineers, software engineers, chemical engineers, physicists, statisticians, network engineers, sysdamins, etc.

Insurance companies? Auto industry? Power companies, pharmaceuticals, local governments etc. The best part about being a STEM is that you have a place everywhere. You just gotta be willing to bend your expectations until you find something that fits you.

admin ,

But how do I find those jobs? When I search in Indeed all I get are tech companies or MSP’s. I’m currently working as a sysadmin for a Mom & Pop company and are severely underpaid.

khapyman ,

Find something middle sized. I work in a bakery, around 200 employees. I do some industrial automation, in house IT support and I ended up writing ERP for the joint. I think I could get 20 to 30 percent more at a larger company but here I do what I want and not what I’m told to.

Ragnarok314159 ,

My dude, if you lived in the right city, could pass a drug screen, and are not a moron, could get you an interview for a job installing power grid equipment in a week. With overtime take home pay is usually around 80k first year, after that it depends on how much you want to work.

We have blue collar guys making 250k+ a year. Granted they are away from their home most of the time, but most of them are younger dudes with no family.

TimeSquirrel ,
@TimeSquirrel@kbin.melroy.org avatar

You like tech? You like wiring up and programming state-of-the-art commercial automation, access control, and cctv systems? You like to move around as well and work with your hands and tools, all on the same job? Become an electronic security technician. Been doing it for 20 years, it's great, and always hiring, almost never firing, unless you get caught smoking meth or something.

Nothing wrong with a more blue-collar style job.

Ragnarok314159 ,

Similar job is power grid installation. Those are in high demand, and you get yourself a passport and you can make even more setting up transformers in weird places in the world after a few years experience.

tisktisk ,

This sounds beyond ideal--I don't know if you're trolling, because I have to imagine this line of work is never in demand at all, but hoping for interviews soon, and I can't thank you enough even if you're joking

NewNewAccount ,

What kind of tech are you trying to get into?

homesweethomeMrL ,

What the actual fuck

mlg ,
@mlg@lemmy.world avatar

Didn’t expect CHIPS to backfire this fast lol.

Scotty_Trees ,
@Scotty_Trees@lemmy.world avatar

Chips Act, Take 1: Hey Intel here’s 8 Billion dollars to make us more chips in the US. Intel: I gotta let 15,000 of you go, there’s just not enough money…

PanArab ,

I thought they would be more tacit about it. This is too obvious and too soon after taking taxpayers’ money. But they probably don’t care anyways. Who is going to stop them or hold them accountable?

Zetta ,

It got us a TSMC fab, soon ish maybe lol

jacksilver ,

Is this really a backfire? My read is that they’re actually focusing on their core business (plus cutting down marketing). It sounds like the right move, but maybe I’m too optimistic?

Entropywins ,

I don’t think it backfired…I truly don’t believe the Chips act is a jobs act. It is to address manufacturing gaps in semiconductors within the US. The US government wants semiconductor manufacturers to update foundries and gave them money to do so. The jobs that have been added within the industry have been icing on the cake but not the original intent imho.

Ullallulloo ,
@Ullallulloo@civilloquy.com avatar

The CHIPS plants just started being built a few months ago. This is bad for the employees and short-term investors, but long-term Intel will be fine and the plants will be a net positive to the country.

Modern_medicine_isnt ,

I wonder how many of the over 1000 VPs will get canned. You read that right. I worked there at the beginning of my career. I know a lot of people who are now VPs. Only one of them was actually any good. One guy couldn’t even manage his own staff meetings when he was a first line manager. Nice guy, not dumb or anything, but not brilliant, and a terrible organizer.

Murdoc ,

Ah yes, the ol’ “promoted to the level of their incompetence”. SOP. Or SNAFU, take your pick.

4z01235 ,

en.wikipedia.org/wiki/Peter_principle

lightnegative ,

I hope this never happens to me but based on the Peter Principle I won’t know when it happens.

Oh shit maybe it’s already happened…

ChickenLadyLovesLife ,

over 1000 VPs

I used to work for Comcast and it was astonishing how many vice presidents there were. It might be the most meaningless corporate title ever. Even if they had real work to do they never had time to do it - VPs there turned over faster than beignets at Cafe du Monde.

BigMacHole ,

It’s a good thing we gave them BILLIONS of Taxpayer Dollars! Otherwise they would have Laid Off Employees! Anyways we don’t have enough money in the Budget to Feed Starving American Children!

ApollosArrow , (edited )

What’s crazy to me is that they are laying off more employees than the total number of full time employees I’ve worked at for most companies.

They are laying off 12% of their work force.

kameecoding ,

That’s what happens when companies are too fucking big, and intel was essentially a monopoly for a while.

I have interned at AT&T while at University, laying off a 1000 people would be less than 1 % for them.

ApollosArrow ,

After seeing this article I went down a rabbit hole and IBM isn’t even in the top 10 US of most employees. Here’s some of the popular ones from the top 30.

  • Walmart - 2.3 Million
  • Amazon - 1.61 Million
  • DHL - 594,000
  • FedEx - 547,000
  • UPS - 536,000
  • Home Depot - 456,000
  • Target - 415,000
  • Kroger - 414,000
  • Marriott - 411,000
  • Starbucks - 381,000
  • Walgreens - 333,000
  • Pepsi - 318,000
  • Costco - 316,000
  • Chase - 309,000
  • Lowes - 300,000
  • IBM - 282,000
  • CVS - 219,000
  • Bank of America - 212,000

…wikipedia.org/…/List_of_largest_United_States–ba…

myrrh ,

…i’m surprised to see DHL rank so highly in that list: what’s their domestic market focus, business-to-business freight logistics?..i seldom see DHL packages and when i do they’re almost exclusively of international origin…

ApollosArrow ,

That was also my thought as well. I only use DHL with some international orders, so I questioned their placement on that list.

Angry_Autist ,

… the 12 percent that actually does something too…

scytale ,

There’s a dude in wallstreetbets who dumped a $700k inheritance into Intel stocks. lol

twei ,

Oh my god…

reddit.com/…/i_bought_700k_worth_of_intel_stock_t…

slaacaa ,

Holy F, what an idiot nepo baby. Maybe daddy who pays for college works as a VP at intel

kameecoding ,

Meh, he bought a significant dip, even if it goes lower in the coming months, in a few years he will be way up. It’s not like Intel will go away, they are in a duopoly market.

Intel has been down from around 50 YTD to 30 likely in a few years it will be back to 50 and he will close to double his money

Though he could have probably just put the 700K into S&P 500 and have his retirement taken care of, since he is in his 20s

twei ,

Yeah but still… could’ve at least waited a day

tmcgh ,

Dude, what the heck is wrong with people. Wealth is wasted on the stupid.

Thorny_Insight ,

What’s the problem? They put the money back into circulation. That’s a good thing, no?

Burn_The_Right ,

The wealthy hoard their gold. They don’t circulate it.

tmcgh ,

The problem is that it is just poor money management. He could’ve been set for life. Put that into an index or S&P500 and get 10% every year. That’s 70k and he wouldn’t even have to work. If you took that 70k and invested back into the fund, you can double your money in about 7 years, assuming 10% returns.

Thorny_Insight ,

Yeah I agree. That’s what I would’ve done. You saying that wealth is wasted just made it sound like the money dissapeared somehow. He wasted his chance on financial independence, sure, but that’s not away from the rest of us.

Angry_Autist ,

its mainly that our modern culture worships money and things whoever has more of it is inherently better.

So rich people make bad decisions because they think that being rich means they are always right, and that their ideas are special and magical and come from a mystical realm of refined thought only people with stacks of cash possess.

And when they fail, they blame everything except their greed focused short sightedness.

corsicanguppy ,

Layoffs will make the stock go up. It’s bizarre.

ChickenLadyLovesLife ,

My experiences working for huge corporations have made it clear what an enormous percentage of corporate workers spend all their time on useless busy work, so in theory layoffs can make a corporation more profitable. The problem is that it’s rarely the useless ass-kissers who get laid off.

tempest ,

If the bureaucracy could easily identify the dead weight projects it wouldn’t need the layoffs but that also means it can’t make good choices when doing layoffs.

It’s like chemotherapy.

jj4211 , (edited )

Yeah, my team has gotten cut and the end result is one management type person per person actually doing anything… They are “managing” teams of one each, effectively…

EDIT: To make it clear, I’m not an Intel guy, just commenting on an ‘Intel-like’ company behavior with respect to being stupid about layoffs.

pufferfisherpowder ,

I just started a corporate job a while ago and they still can’t really tell me what I’ll be doing. My onboarding plan suggests that in month 2-3 I’ll be ready to get into it. Like, dude, wtf?

ChickenLadyLovesLife ,

Just focus on the most important thing: going out drinking with the right superiors.

pufferfisherpowder ,

Ha, yes! I’m also enjoying the second most important thing: the fat paycheck

ChickenLadyLovesLife ,

I had a friend in the '90s who took a $40K inheritance and “invested” it all on $75 Fossil watches, the kind with Popeye and other cartoon characters on them. At least she was able to show them off at parties and get all the guests to go home.

KyuubiNoKitsune ,

Layoffs usually cause the stock prices to increase because it shows the company is being “lean” and “cutting the fat”.

jj4211 ,

Yeah, Intel is down 33% over the last two days… didn’t work this time…

Some layoffs can be seen as “improving efficiency”. This deep of cut is “oh shit, things are screwed”.

jacksilver ,

It has me oddly hopeful. It sounds like they may have finally realized that they can’t ignore their core product/purpose. However, whether it’s too late or if they have the ability to actually execute is still to be seen.

jj4211 ,

Frankly, no idea. They talked the talk, but it’s vague enough that I wouldn’t be surprised if they cut out some important people and kept a lot of the bogus crap.

Speaking from a company that has seen (less dramatic) rhetoric around similar circumstances, and everyone on the ground who understood nuance would have guessed certain projects to get canned. Then it turns out they treated the money losing projects as the sacred cows and cut the profitable projects to the bone and put them at risk rather than give up the losers.

KyuubiNoKitsune ,

Capitalist machines of this size blinded by profits seem to be unable to see what’s actually happening or make logical decisions.

todd_bonzalez ,
@todd_bonzalez@lemm.ee avatar

He’s gonna make a ton of money then, because investors love layoffs.

Ullallulloo ,
@Ullallulloo@civilloquy.com avatar

The stock is down 30% so far, so I think you may not understand investors very well haha

todd_bonzalez ,
@todd_bonzalez@lemm.ee avatar

Give it time. Next Monday or Tuesday is probably the day to buy.

PanArab , (edited )

So the semiconductor jobs and manufacturing aren’t coming back to the US?

Who else saw this coming? Because I did.

I remember telling people that and they wouldn’t believe it. Time has a way of making the unknown known.

fluxion ,

Read article

PanArab , (edited )

I read it and predicted this outcome in 2022. If Intel wanted to open factories and employ people in the US it would have done so without the CHIPS Act.

No company will say no to free taxpayers’ money, so they didn’t. But they spent it on stock buybacks and now they’re laying off thousands of workers and are selling a defective product.

Now here’s an article for you to read that may be unpalatable globalsouth.co/…/michael-hudson-why-the-u-s-econo…

fluxion ,

Fair criticisms, but the statement from CEO is that the layoffs are to offset fab investments, so there isn’t any clear reason to conclude that Intel’s US chip manufacturing is dead based on this. We won’t be able to infer anything of that sort until we see what areas they actually cut.

PanArab ,

Future promises vs present actions. Only time will tell.

MataVatnik ,
@MataVatnik@lemmy.world avatar

FIFTEEN THOUSAND HOLY SHIT

BallsandBayonets ,

stop ‘non-essential’ work

So those jobs they’re cutting start with everyone with “Chief” in their title, right?

harrys_balzac ,

Of course not. The Chiefs earn every penny by making the difficult decisions to keep stock prices up. /s

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