A layoff doesn’t mean you over-hired for the market conditions which were present when the hiring happened.
And under-hiring today because your crystal ball says market conditions will deteriorate in the future is also not always the best course of action.
The myriad causes which lead Intel to this point exist at many levels from individual, corporate, competitive, and macroeconomic.
It’s overly reductive to assume a layoff is due to some mistake, that a layoff is due to over-hiring, or that a layoff’s root cause is the executives who mapped out a past hiring plan.
For starters, the hiring plan will be based on revenue projections which will be based on technical market analysis overlaid with a technical roadmap. This is a distributed effort and major analysis at the level of a corporation like Intel spread across potentially dozens of business units. The hiring plan could easily have been “perfect” based on faulty product roadmaps / product performance projections or any number of other factors.
And under-hiring today because your crystal ball says market conditions will deteriorate in the future is also not always the best course of action.
The myriad causes which lead Intel to this point exist at many levels from individual, corporate, competitive, and macroeconomic.
It’s overly reductive to assume a layoff is due to some mistake, that a layoff is due to over-hiring, or that a layoff’s root cause is the executives who mapped out a past hiring plan.
For starters, the hiring plan will be based on revenue projections which will be based on technical market analysis overlaid with a technical roadmap. This is a distributed effort and major analysis at the level of a corporation like Intel spread across potentially dozens of business units. The hiring plan could easily have been “perfect” based on faulty product roadmaps / product performance projections or any number of other factors.