Due to lower than expected fourth-quarter profit, Intel, a household name in semiconductor R&D and manufacturing, is planning to lay off 5,400 workers or almost 5% of their 107,600 total, worldwide employees! One culprit was Intel’s server chips area, which grew less than expected.
This is in direct contrast to the last 7 years where their employment has increased steadily. In fact, since 2006 when then CEO Paul Otellini engineered a restructuring, Intel’s recruiting has soared. Therefore, many engineering recruiters, scientific recruiters, IT recruiters and technical recruiters had made a fortune from just focusing on technical recruitment for Intel!
However, Intel’s priorities have changed since last May when Brian Krzanich took over as CEO. For example, Mr. Krazanich has increased Intel’s efforts to develop semiconductor chips for wearable devices, smartphones, smartwatches and tablets. As a result, he has planned to not only reduce employment, but also shift employees to different jobs within Intel. This has meant that many executive recruiters will have to look elsewhere for revenues. It also brings up the question, “What should the over 5000 displaced Intel workers do next?”
One thing they need to do immediately is develop a quantitative resume. As part of this process, our engineering recruiting agency recommends including a lot of “numbers.” Numbers include quantitative accomplishments, dollar savings, percentage improvements and patents. Unfortunately, most employees create qualitative resumes (e.g. I was part of the team that implemented the new semiconductor manufacturing robots) instead of quantitative ones (e.g. I designed the new A47B Fanuc robot, which saved Intel $45,600 per day in direct labor costs and reduced manufacturing errors by 27%). Please go to http://www.strategicsearch.com/interview-preparation-tips/interview-preparation-tips.php and view for more details.
Changing the pattern from a qualitative to a quantitative resume is not easy. It takes a lot of work and discipline. However, internal management recruiters at hiring companies and external executive recruitment firms salivate when they see “numbers.” Also, many job boards and engineer recruitment aids are designed to pick up keywords with a quantitative focus. Therefore, it behooves not only the displaced Intel workers, but also anyone looking for a new job to put in the extra time to make your resume quantitative!
As I reported previously, private industry R&D and innovation can more quickly produce exponentially more revenues for U.S. companies and jobs for our nation’s economy than any direct government efforts. Unfortunately, one field that the government has severely hampered research and development is online gambling. Until recently the U.S. government considered online gambling unlawful and even charged companies with illegally taking online bets!
As a result, other parts of the world have passed up our two, prominent gambling meccas of Las Vegas and Atlantic City. For example, a little more than ten years ago, few could have imagined Macau becoming a worldwide gambling leader. However, Macau racked in $45.2 billion in revenues in 2013 compared to only $6.4 billion in Las Vegas and $3 billion for Atlantic City! This represented a 19% increase over 2012 for Macau. Furthermore, analysts expect Macau, the only place in China where casino gambling is legal, to grow by 20% in 2014 and eventually hit $77 billion by 2017!
Additionally other Asian countries, including Singapore and the Philippines, are growing as well. Analysts estimate that 20 new casinos will open throughout Asia over the next five years. This will further increase the competition U.S. gambling centers face.
As a result, governments should not only, step back and repeal arcane laws, but also encourage research and development, scientific breakthroughs and engineering in the online gambling industry. Inspire product developers to engineer new forms of online gambling and physical gambling machines. Sponsor events similar to the Robotics Challenge Trials where the Department of Defense (DOD) has encouraged the development of rescue robots. This will stimulate R&D, innovation and jobs creation.
Instead of past, stifling legislation, which prevented industry growth and jobs creation, the government should become a catalyst to drive private sector companies, to push the limits of science, engineering and research and development in online gambling. The result will be many more jobs for project engineers, automation engineers, artificial intelligence scientists, expert system developers, electrical engineers, software engineers, mechanical engineers, design engineers, process engineers, quality engineers, material scientists, game designers, product developers and IT professionals; all professions I focus on as an engineering and scientific recruiter!