Intel is experiencing a serious personnel crisis – the company is losing leading engineers following decisions by the new CEO, Lip-Bu Tan, who has shut down a number of ambitious projects.
Specialists are leaving Team Blue, and competitors, including Samsung, are actively poaching employees.
Under the leadership of Lip-Bu Tan, Intel is changing course: instead of long-term innovation, the company is focusing on quick financial results. This has led to the curtailment of initiatives launched by the previous head, Pat Gelsinger, including the development of advanced technologies. The decision to abandon costly investments was supposed to increase value for shareholders, but it resulted in a mass exodus of employees.
Engineers who worked on key developments began looking for new opportunities with competitors. Samsung is particularly active in hiring former Intel employees, forming teams for component manufacturing divisions. For the Korean corporation, such transitions have become an important way to strengthen its position in the market.
The future of Intel remains uncertain. The company is forced to cope with the consequences of personnel decisions. The question is whether the new strategy will lead to success or only exacerbate the crisis. Meanwhile, competitors are not wasting time – they are strengthening their teams with specialists from Team Blue.
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Cover author: Intel. Cover source: Wccftech
