Intel's Mass Layoffs | The Gestalt IT Rundown: August 7, 2024

Intel's Mass Layoffs | The Gestalt IT Rundown: August 7, 2024

Author: Tech Field Day August 7, 2024 Duration: 29:57

It's not a great day for Intel and some 15,000 workers. In the earning call last week the CPU giant revealed that while they hit their revenue target numbers this past quarter there are storm clouds on the horizon. Challenges from AI companies as well as issues with some of their most recent chip designs has Pat Gelsinger looking to cut costs. The way that was expressed to the industry was through massive layoffs. Intel is shedding 15% of their overall workforce and suspending the payment of dividends through the end of the year. Analysts, including our own Daniel Newman, have said that Intel is facing some headwinds and they have projects on the table that they need to deliver upon. This is a pretty big story so I'm going to let you start, Jon.

Time Stamps:

0:00 - Welcome to the Rundown

1:16 - Delta Unhappy with Crowdstrike

3:54 - European Commission Approves HPE's Juniper Networks Acquisition

8:04 - Google Loses Antitrust Suit

12:03 - US DoJ Says Crawl to NVIDIA's Run:ai Acquisition

17:32 - Intel's Mass Layoffs 26:41 - The Weeks Ahead

28:42 - Thanks for Watching

Hosts:

Tom Hollingsworth: https://www.linkedin.com/in/networkingnerd/

Jon Swartz: https://www.linkedin.com/in/jonswartz/

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Tags: #Rundown, #@Delta,CyberSecurity, #europeancommission. @Crowdstrike, @JuniperNetworks, @HPE, @Google, @Intel, @IntelBusiness, @NetworkingNerd, @GestaltIT, @TheFuturumGroup, @TechstrongTV,


Every Friday, Tom Hollingsworth, Alastair Cooke, and Stephen Foskett gather to sort through the constant stream of announcements, mergers, and debates that define the information technology landscape. Their Tech Field Day News Rundown isn't just a headline recap; it's a conversational dissection where industry veterans apply decades of hands-on experience to separate genuine innovation from mere hype. You'll hear them debate the practical implications of a new chip architecture, unpack the real cost of a cloud service change, or trace how a security flaw might ripple through enterprise networks. The discussion is grounded, often witty, and always aimed at the professionals who build and maintain the systems we all rely on. This weekly podcast from Tech Field Day provides the essential context behind the news, turning a simple rundown into a valuable tool for understanding where technology is truly headed. It’s like sitting in on a Friday afternoon debrief with colleagues who’ve seen it all, making the complex world of IT feel a bit more manageable and a lot more interesting.
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