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This guy sucks as a ceo. Intel should fire this guy regardless of Trump.
What did he do? I thought the guy just started and walked into a company that tanked itself over the last few years.
He reversed some long term decisions by his predecessor which may or may not turn out to be disastrous. Gelsinger set up a few things that would only start being fruitful many years later. If his successor slashes them, which seems likely, then most if not all the layoffs will have been for nothing.
Like..?
Gelsinger went all in on the foundry part of the company with visions of production facilities in the US and EU. Since he started the process a significant amount of investment has been put into it, knowing it wouldn't start paying off many years later. But then Intel got stuck on 14nm delaying these plans and, well, you know the rest.
Oh ye. I just now read your comment again ( while being fully awake ) and ye its the previous ceo gelsinger that made it go downhill faster. though intel has been going down even before him.
But ye, current ceo had to reverse that course because the fab didnt even end up that efficient and was still losing them money :/
So the his idea failed and cost the company billions?
It's always the last CEO'S fault.
Intel turned out the deal to supply chips for the iPhone on 2007, come 2017 Ryzen processors started matching/beating Intel chips at a lower price point. Then Intel bought Habana to try to get into the AI market essentially, and made the announcement in 2024 that they couldn't compete with that NVIDIA made.
So they were losing at GPUs, CPUs, and basic chip manufacturing to Samsung and TSMC.
Then earlier this year they hired this guy after they had already run into an iceberg and the ship was sinking.
They can't just throw a patch on the Titanic, they have to build a new ship.
I expect to see Intel drop off the map and throw everything into research and development hoping for the next big thing.