Intel has had it rough the past few years, but its Q4 2022 financials were brutal: the company posted a $664 million net loss on revenue that fell 32% to $14 billion.

Intel’s PC unit, the Client Computing Group (CCG), and its Data Center and AI (DCAI) group, saw their year over year revenue drop 36% and 33%, respectively. Other divisions failed to stem the bleed:

• Network and Edge (NEX) was down 1%.
• Accelerated Computing Systems and Graphics (AXG) was up only 1%.
• Mobileye and Intel Foundry Services (IFS) grew by 59% and 30% respectively, but accounted for less than $900 million in revenue combined.

“Clearly, the financials aren’t what we would hope for,” CEO Pat Gelsinger said during the earnings call. “Though the macro is difficult—it was difficult in Q4—we expect it to remain difficult as we go through the first half of the year, but we’re laser-focused on controlling the things that we can and every aspect of our execution, cost management, and transformation is in our hands.”

In the weeks since, Intel has announced it will cut wages for above-mid-level staff, freeze merit raises for others, and cut other benefits. That’s on top of project cancellations announced before the financials were released, such as a development center in Israel and a $700 million “mega lab” in Hillsboro, Oregon. Intel projected in the Q4 report that the upcoming quarter will see revenue down 40% year over year.

In a Rosenblatt Securities’s analysis shared with IT Brew, analyst Hans Mosesmann wrote that Intel was experiencing a “historic collapse.” While its PC business was bad enough, he wrote, “The real story here is Intel’s server and data center business, which we continue to view as damaged.”

Read more here.—TM

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Steve Bennett builds portals. While that may sound like the work of time-traveling wizards, Bennett and his crew at the business firm Soliant Consulting are merely application developers, frequently tasked with the creation of internal payment and invoicing tools.

The day-to-day responsibilities of portal work, however, do call for a kind of rare creature—a coding “unicorn,” a multi-skilled professional familiar with all areas of the app’s stack, from the front-end user interface to the back-end database, and all the microservices in between:

The full-stack developer.

This hard-to-find programmer may understand design languages like CSS, or know acceptance testing, or have a handle on cloud services like AWS, which apps increasingly leverage. The full stack includes the user interface, under-the-hood data programming, navigational elements, and information storage.

“It’s somebody that doesn’t just…have experience in a specific coding language for the front-end and back-end and has a little database knowledge. They also have a solid understanding of the full interaction that happens, the full life cycle for a user interacting with a browser-based solution,” said Bennett, senior technical practice lead at Soliant.

As companies look to optimize their tech spending, an engineer who knows the whole stack—and not just one pancake like Web development or Javascript—is valuable to employers on the job boards.

“As technology invested in massive growth over the last few years, you could afford to have people that were very focused in a niche. As they’re tightening their belts in this economic climate, I think there’s higher demand for individuals that can work across the stack and be involved in a number of different projects,” said Erik Brown, senior partner at the business consultancy West Monroe.

Keep reading here.—BH

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Today’s top IT reads.

Stat: 17%. That’s the amount of workforce expected to be cut in Twilio’s second round of layoffs. (Bloomberg)

Quote: “A tasting menu for buying people’s health data.”—Justin Sherman, senior research fellow at Duke, on the explosion of data brokers selling your personal mental health information (the Washington Post)

Read: Every state has applied for federal cyber grants, except Florida and South Dakota. It’s a move that could be harmful down the line. (The Record)