#31 on the board

Intel

CompanyMajor issues21/100high confidence · 6 issues

4 opposed2 mixed

Receipts

Against

Flagged on

🇵🇸Palestine×1 📉Layoffs×1 🌈DEI×1 👷Worker Treatment×1

Semiconductor chips and processors. Founded by Moore and Noyce.

IndustrySemiconductorsFounded1968Headcount124,000+intel.com

Key stats

Total Layoffs

15,000

Last: Aug 2024

The receipts (6)

Opposed🌈DEIAug 2024

Scaled back DEI programs in 2024. Paused diversity hiring targets. Cut DEI staff as part of broader layoffs. CEO Gelsinger focused on "engineering excellence."

News✓ VerifiedShare ↗

Opposed📉LayoffsAug 2024

Announced 15,000+ layoffs (15% of workforce) August 2024. Stock crashed 30%. CEO Gelsinger cut own pay. Largest layoffs in company history.

Company Website✓ VerifiedShare ↗

Opposed👷Worker TreatmentAug 2024

Intel 15,000+ layoffs largest in history. Pat Gelsinger cut own pay but still massive cuts.

Company Website✓ VerifiedShare ↗

Mixed🏛️Government ContractsMar 2024

Received $7.86B CHIPS Act grant, largest award. $3B additional for Secure Enclave program. Critical to US semiconductor independence strategy.

News✓ VerifiedShare ↗

Mixed🤖AI EthicsJan 2024

Intel AI chip competition with Nvidia. Pat Gelsinger AI strategy. Gaudi chips.

Company Website✓ VerifiedShare ↗

Opposed🇵🇸PalestineJun 2023

Intel Israel is company largest non-US site with $25B invested. Kiryat Gat fab expansion ongoing. Provides processors for Israeli defense systems.

Company Website✓ VerifiedShare ↗

The numbers (1)

📉LayoffsAug 2024

15,000+ employees laid off

Intel announced cuts of approximately 15% of workforce (15,000+ jobs) in August 2024 as part of $10B cost reduction plan amid foundry losses. Suspended dividend for first time since 1992.

15,000 affected(15% of workforce)

Source:Company Website✓ Verified