Topics regarding layoffs at Intel Corp.

Topics regarding layoffs at Intel Corp.

DCAI layoffs

Any update from the DCAI group? I heard there e will be 9% headcount reduction.

Got offered CPM in CCG. Did not take it. Now what?

Quiet a few folks in CCG got the CPM last Friday. I did not take it, inspite of my manager saying that our group is being shutdown. Will I be forced to take it later? Trying to see if other groups have open positions.

Details about DEG layoffs?

Any more specifics than what was announced in the quarterly call? Disappointed with the lack of transparency and communication about the layoff timelines and the number of people who be affected.

ATTD Chandlor

Need to move from AZ to Oregon once job postings are available in Oregon. Need to apply and get hired again. This is a good way to eliminate jobs.

New round of VSP?

Waiting on an offer for a new job? Any heard of another VSP, so I can leave happy.

Fort Collins?

While interviewing for a job in Colorado, I drove by an Intel facility in FT Collins? Any idea what they do?

Caught in the act

I've sneaked upon and saw my manager take a loot full of stationery items ( pens , pencils, notebooks etc. ) from the office inventory. Should I report it ?

RSU this year

Managers are given from 100-300 percent range to give RSU amount. Something like top 10% can get 300% of baseline. I know layoffs are in progress I shared for those who survive this round.

Intel Austin site for sale

This is not looking good at all https://www.statesman.com/story/news/2023/05/11/intel-layoffs-austin-office-sale/70204256007/

Tech lay offs

Will they be laying off anyone who works close to the wafers?

People trying to look busy

Of course, I'm not happy that some people will lose their jobs in this economy, however, realistically, many people here are having to pretend to be doing something because they have almost nothing to do. For me, not having enough work has long... — read more 

A PayPal Guy Is Intel's Chairman of the Board

PayPal is down more than 12% today. The company lost 2M active accounts after it tried to police the speech of its customers. Many left in disgust. Many more pulled money out and left a few dollars in zombie accounts. Pray to God that the man has no... — read more 

Since MGMT is requiring RTO

Here's another favourite! Since MGMT is requiring RTO, I say when you see a problem, just don't, "notice," it for a few hours. It may cost millions...Make it COST MGMT for forcing this upon us! It WILL have costs! ;) Thanks A$$holes!

Performance is going down

They created a very tense atmosphere, the anxiety is astronomical. Do they even realize that in such conditions the performance goes down drastically?

I appreciate The Register

The title of their article is: Spectre of layoffs looms over Intel following dismal sales The blurb underneath? Shareholders gotta get their dividends somehow, right? Telling it like it is. We could do without layoffs and try to get our earnings up... — read more 

Dignity and respect

“These are difficult decisions, and we are committed to treating impacted employees with dignity and respect,” Intel said. Yeah, I call BS on that one.

Folsom

How is the situation in Folsom?

We're now in layoffs round 2

As mentioned in February, the end of March was only the first round of layoffs. We're now deep in round 2, this round will be larger, harsher and much less transparent. Additional rounds will follow in Q3 and Q4 as Intel opted for the slow, piecemeal... — read more 

Possibility of losing entire groups

My group saves millions for the company each quarter, but almost never meets the metric given (IYKYK). I bet we’ll all get wiped out since we don’t manufacture or help manufacture wafers. Management is a joke, same as the C-level execs. Too... — read more 

Lack of transparency

If they cared about their employees at all, I guess they would be at least be a little more transparent about layoffs. Why so little transparency? Do they think that it will save their reputation from further deterioration?

RSU G6

with MS G6 SOC who joined intel 2022, How much RSU should I expect this year to be granted? I have seen levels fyi and would like to know directly from you to see if those are accurate

Date for Stock Award?

Heard from my manager last month that this year we would get stock award. Anybody knows the date of this RSU grant?

Flash round of layoffs

https://www.oregonlive.com/silicon-forest/2023/05/intel-plans-fresh-round-of-layoffs-other-cost-cuts.html?outputType=amp

Tyson Foods vs INTC ?

Tyson Foods, the meat processor posted Q1 revenue of $13B, and an EPS of -4 cents, both handily beating INTC. Without a new manufacturing node in many many many years, what defines a company as "tech"? For fresh cash, which is the better bet? INTC or... — read more 

Intel is way over HC by every metric

If Intel is a manufacturing company compare Intel HC versus TSMC for revenue per HC, profit. If it is a design house compare against AMD, Nvidia or Qualcomm. Sadly Pat is dreaming back to the Intel of 20 years ago. Tell me you believe Intel... — read more 

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