12 replies to this topic

[AMETHYST PRODUCTIVITY]

http://www.mercuryne...time=1461098101

 

 

Intel cutting 12,000 jobs by mid-2017. 

 

[Steve Heard]

Yikes! I'm hoping that since the Folsom campus is mostly R&D that it will be spared. 

[2 Aces]

Cutting 11% from your global workforce is a BIG deal.

If it doesn't affect Folsom at all, I'd be surprised.

http://dailycaller.c...oreign-workers/

[4thgenFolsomite]

I had heard a rumor they wanted to be out of Folsom in three years......too expensive to do business in California.

[Steve Heard]

I had heard a rumor they wanted to be out of Folsom in three years......too expensive to do business in California.

 

They said that 20 years ago, that they were leaving California. Instead, they expanded both the Santa Clara and Folsom facilities. 

 

Fortunately, there's a large talent pool in Northern California. 

[folsom500]

An increasing amount of that talent pool is H1B Visa holders from India... taking away jobs from Americans ...  you can witness this by watching the corner of Prairie City Road and Iron Point in the morning and evening...  

[Sandman]

Rumors suck... Why would a company just invest millions in solar fields if they were leaving???

Intel isn't going anywhere but some of its employees may be. You can bet Folsom campus will be impacted to some extent.

[nomad]

First off the solar thing is a crock. It was an exchange for buying power from solar city just like you do at your house. 20 year deal with zero cost to Intel. The solar covered parking has nothing to do with the longevity of the site.

 

Secondly Intel Folsom is not just R&D. There are established groups here that have been doing hardware and software development for 20 years. A lot of the true R&D happens at other sites, such as Oregon. Lots of marketing and IT folks here too. 

 

Intel Folsom gone in 3 years? Not gonna happen. The layoffs are mostly to consolidate smaller satellite sites with small groups of people. Also to push some early retirements and give a chance for folks who want out to take package and leave. And of course low performers will be shown the door too but that is not new. 

 

These 12k cuts are global and while Intel Folsom will see some cuts overall the impact will be low to the community as a whole. Intel has said that they will not ever do any more expansion in California due to unfriendly business conditions but that doesn't mean closing shop to the existing sites. You can thank the Govt of Ca and those that keep voting these same people in for that. 

[Sandman]

My point is a company wouldnt go through the process of putting up large solar fields IF they had plans to leave the site. Dispelling the "rumor" comment.

I decided to leave Intel recently after 16yrs of service for a better paying job just down the road. Guess it was a good decision.

And "push for early retirement" at Intel translates to pushing middle aged white males out the door in favor of Indian female RCGs. This has been happening and WILL continue.

[bordercolliefan]

An increasing amount of that talent pool is H1B Visa holders from India... taking away jobs from Americans ...  you can witness this by watching the corner of Prairie City Road and Iron Point in the morning and evening...

I don't feel hostile to Indians in our local workforce; I feel our country is fortunate to benefit from the best and brightest from around the world.

Granted, it would be great if we could churn out more math, engineering, and CS grads to fill our employment needs and keep our economy rolling. But if we can't do that, then I'm happy to "borrow" hardworking, brilliant folks from other countries.

I actually have far greater concern about immigrants who arrive without great job skills or prospects. But that is a different discussion, and one that seems less urgent now that our unemployment rate is down around 5 %.

[2 Aces]

And "push for early retirement" at Intel translates to pushing middle aged white males out the door in favor of Indian female RCGs. This has been happening and WILL continue.

True. I have heard that as well.

Companies that do this are taking a risk. When you favor foreigners over Americans, this can affect public perception. And if a boycott of a company gains enough speed, it usually ends badly for that company.

I'm not necessarily pushing for a boycott of Intel products, but I know what my family and I are going to do. The CONSUMER has the ultimate power. THAT is the only way to get the attention of upper management. And if it hurts the 9-to-5 employee, then that's "unfortunate".

http://www.valuewalk...-visa-lays-off/

[The Average Joe]

Pretty easy to use another chip maker for PC use. I don't really care, as I am not a brand specific guy, and I don't see this move as anything other than Intel following the trend to stay relevant (and make money).

 

I use whatever is the best value when I build my pcs. This last one was AMD, the one prior was Intel. Not much difference to 95% of the people.

[bdw]

True. I have heard that as well.

Companies that do this are taking a risk. When you favor foreigners over Americans, this can affect public perception. And if a boycott of a company gains enough speed, it usually ends badly for that company.

I'm not necessarily pushing for a boycott of Intel products, but I know what my family and I are going to do. The CONSUMER has the ultimate power. THAT is the only way to get the attention of upper management. And if it hurts the 9-to-5 employee, then that's "unfortunate".

http://www.valuewalk...-visa-lays-off/

 

I'm just curious, but what's the business case for replacing an older / more experienced local employee for a younger / less experienced local employee? Sure, new grads cost less, but if you already have to train someone new, why not just outsource and save ten times more? (Other than out of consideration for our domestic economy...)

I'm a software engineer for a different tech company (no association to Intel, although we've had some former Intel employees join our team, and one of our engineers left to work at Intel). In our line of work, it usually takes between 6 months and 2 years for a new employee to be productive. It strikes me as odd to think that Intel would go this route to save money... The main reason we're hiring new grads is that 5 years ago, almost our entire team was approaching retirement, and we needed to start training new employees before all our experienced employees left... I wonder if this is what's happening at Intel, too?

But, as I mentioned, outsourcing is really the bigger threat... And for what it's worth, Intel seems to outsource far less than it's competitors. (http://www.fool.com/...its-brains.aspx) If anything, I suspect Intel is cutting costs to compete with AMD, NVIDIA and others who outsource -- and if that's the case, boycotting Intel in favor of these other chip makers would only make the situation worse.