[orangechairs]

In Oregon, the layoffs were 3x-4x more than in AZ. What's kicked both regions in the teeth is that the layoffs were 4x-5x more than what Intel had stated. OregonLive has been reporting for weeks that 500+ Oregon Intel jobs were going to be cut -- they cut 2500 jobs. This is also round 3 (?) of Intel's layoffs in the last 12 months. It's massive and devastating.

[saelthavron]

This sounds like sell the whole company type of cuts.

[consumer451]

What else could be the trajectory of Intel, when the CEO has admitted defeat in the current investment environment?

> Intel CEO says it's "too late" for them to catch up with AI

https://news.ycombinator.com/item?id=44532572

[cyberax]

Well, yeah. It's the Elop and Nokia situation all over again. Remember the "burning platform" memo?

Intel actually made a decent video card that sells above MSRP: Battlemage. They can easily advance it into more powerful GPUs.

Gelsinger understood that. The current MBA empty suit doesn't.

[vachina]

Last stage of grief is acceptance. I think the only way left is up.

[UncleOxidant]

Gelsinger was apparently Intel's last hope to avoid being sold off in pieces.