Intel will lay off 20k employees | Hacker News Reader

Intel will lay off 20k employees

quicktechnics.com

251 pointsfirstSpeaker15 comments

Comments moved to https://news.ycombinator.com/item?id=33170608, which is the original source and was posted earlier.

I've left the comments which were complaining about this article not being that one.

Submitters: "Please submit the original source. If a post reports on something found on another site, submit the latter." - https://news.ycombinator.com/newsguidelines.html

This[1] seems to be the Bloomberg article it's referencing. It doesn't say it will lay off 20% of staff like this article is referencing, just "thousands" and:

"Some divisions, including Intel’s sales and marketing group, could see cuts affecting about 20% of staff, according to the people."

Some divisions, not the entire company.

Also this is in the article:

"Intel’s last big wave of layoffs occurred in 2016, when it trimmed about 12,000 jobs, or 11% of its total."

So if the headline were accurate, this would be twice as many people as six years ago. While it's possible that will be the case, I'm guessing it's more likely the number will be closer to the 2016 number.

I think this article misinterpreted the source article, either by accident or deliberately for a juicier headline, and should be replaced by the Bloomberg article instead.

[1]: https://www.bloomberg.com/news/articles/2022-10-11/intel-is-...

Bloomberg: some divisions could see cuts affecting about 20% of staff, according to people.

Quicktechnics.com: Purple monkey dishwasher

dang, can we swap this for the bloomberg article instead?

Email requests to the HN mod team at hn@ycombinator.com

They don't monitor comment references.

(I've done so for this submission.)

Definitely, but I'd rather reward the first user to submit it (https://news.ycombinator.com/item?id=33170608), so we'll merge this thread into that one and re-up it.

I just spent 15 minutes digging for a primary source on this 20,000 jobs number and couldn't find one. I suspect the source is as you called it, shoddy journalism.

20% of 100k employees gets you roughly there

The 20% refers to a subset of divisions, not the entire company.

The 20k extrapolation is unfounded.

Something to weigh in is their stock is lower now than it was in 2016 by about 15% so it wouldn't be all that surprising if their layoff number was significantly higher than the 2016 number.

The Bloomberg article words this very differently:

> The chipmaker had 113,700 employees as of July.

> Some divisions, including Intel’s sales and marketing group, could see cuts affecting about 20% of staff, according to the people.

To infer 20,000 total employees from that is making some assumptions, and also misrepresents the article it cites.

(Not to take away from the overall message that this will be a big cut.)

Should this be changed to the original Bloomberg article? [1] This article seems to add nothing to the Bloomberg reporting, except to possibly inflate the numbers, as pointed out by another commenter. [2]

1: https://www.bloomberg.com/news/articles/2022-10-11/intel-is-...

2: https://news.ycombinator.com/item?id=33181012

Original Bloomberg article: https://www.bloomberg.com/news/articles/2022-10-11/intel-is-...

(https://archive.ph/74jNp)

Can we link to an OG piece at Bloomberg or https://arstechnica.com/information-technology/2022/10/repor... and not a listicle spam blog?

Better article: https://www.bloomberg.com/news/articles/2022-10-11/intel-is-...

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