I hope leadership considers these recommendations
- Suspend bonuses (apb & qpb) & instead offer long term RSU or stock options to vest upon company's success
- Suspend recognition tool & offer extra RSU or stock option as alternative. Suppose employee grated 500$ in recognitions, at the end of year add it to RSU amount.
- Offer unpaid time off or reduced salary for employees willing to have
- Cash annual raise for grade 9+ be pushed to 2024 & for 2023 get rewards in form of (extra) RSU only.
- Have NO hiring policy for 2023. no one should see on LinkedIn individuals say "I am proud to start ... #iamintel"
- For, low performers, reduce salaries and offer help to get back on track
- Have ZERO budget for all redundant evets. Employees do not like to see on social media people posting pictures of parties or evens just costing $$.
- Extremely important travels only & requests must be approved by a group of VPs
- Further reduce air shuttle flights
- cancel construction of fabs & only focus on Ohio and Arizona.
- Co-invest for Ohio similar to Arizona
- If a team or org reduces budget without hurting product roadmap, reward them.
- Reduce divided at right time
- accelerate optimizing real state footprint
- sell further shares of mbly
- Executives should be encouraged to reduce comp & instead get equivalent $ amount in form of RSUs.
- Invest on employees to deepen their skillset so less hiring need and employees see a better future to stay
- Offer ESPP (additional) at a higher discount maybe 20% & grant after a year instead of 6 months. Still keep 6 months one as well.
I think these are excellent, but no one cares!