Friday, January 27
- Intel posted one of its worst quarters on record, losing $661 million or 1/16th of a single blockchain scam. (Tom's Hardware)
Desktop, mobile, and server CPUs were all profitable, though all were sharply down from last year. Most of the loss came from Intel's ongoing push into the GPU market, which the company fully expected to bleed cash for the first few years.
The company has shut down it's network switch unit. Intel will still produce a range of networking chips, just not the switches themselves. In recent years the company has also cancelled its Optane storage project and sold off its SSD division as it focuses engineering on improving its CPUs.
- AMD meanwhile has told customers not to buy its Radeon 7000 graphics cards. (Tom's Hardware)
Recent advertising material showed the performance per dollar of all currently available Radeon cards - and highlighted the fact that all Radeon 7000 cards deliver worse value than all Radeon 6000 cards.
They're faster, yes, but worse value.
Nvidia has the same problem. Intel doesn't, but that's only because they don't really have any previous graphics cards to compare against.
- Why are so many tech companies laying people off right now? (The Verge)
They hired a bunch of communists and are now dying from within.
Posted by: Rick C at Saturday, January 28 2023 03:18 AM (BMUHC)
One is magical thinking, and fad and fashion. DIE was one fad that seemed legit to certain managers, this shift in valuation is another.
If you have skilled thinkers working with strong leadership, you can in theory get away with standing against fashion because you know the real reality. But, in practice, business is about aligning the money people to the actual doing stuff people, and deliberately contaminated information sources and information warfare will tend to be broadly destructive.
Two, it is true that layoffs are a bit harmful to human life. But, at the scale of a large business, there is a risk to human lives no matter what, which is why good financial stewardship is important. The alleged 'responsible' stuff like 'corporate citizenship', 'grand societal challenges', and so forth are actually all destructive because the distract from excellence in whatever the main activity of the business is. If you provide the best value for the money of your customers, then the market basically uses that to help with all the really important things. But, if you sacrifice money or focus for allegedly more important things, you are really causing widespread damage. The more employees you have, the more customers you have, the more investors you have, the more you have an obligation not to surprise them and force them to find alternatives because you screwed up the business chasing something shiny.
Three, Twitter's previous management badly screwed up, and as this becomes more well known, it will cause other management to look at things. Twitter was overstaffed, grossly mismanaged, and used backchannel management to do things that they were not officially doing. This seems to have created a bit of a technical debt singularity, with a censorship system that was a technical disaster waiting to happen.
So, the question is, how many other overstaffed and grossly mismanaged companies have turned their codebases into similar messes? Going by Microsoft's decision to put a web search feed into the OS, at least one.
Lay offs can cover a reasonable attempt to fix this. Lay offs can cover a destructive incompetent effort to fix this. Lay offs could purely be fad and fashion, or a response to investors.
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