I'm an old fa-t, and I have seen how this has progressed at many other companies - Intel's days are numbered. When you hear "Focus on core products" it is time to go. Intel will continue shutting down and selling off businesses so they can focus... — read more 

The only way to retain your wages and restore meritocracy is to unionize. ELT is beholden to Wall Street and not the workers who make Intel what it is. Unionizing scares the hex out of upper management and that's the only way to get your messages... — read more 

Students from top schools used to waltz from Silicon Valley internships into lucrative jobs. Now, some are reconsidering their options... https://www.wired.com/story/layoffs-broke-big-techs-elite-college-hiring-pipeline/

Intel is now in AMD's rear view mirror, and NEVER AGAIN will they be in the windshield. RIP to this once great company, now nothing more than a "me-too" wannabe has-been.

https://www.wired.com/story/layoffs-broke-big-techs-elite-college-hiring-pipeline/

Hopefully Intel offers voluntary CPM again so people have the opportunity to leave with fat pockets. Then again they will all just come back again in a few years for more pay and Intel will repeat the same mistakes again. Over 10 years Intels had... — read more 

Stock holders and those who get more from stock compensation than rank and file is the priority! The CEO and ELT do have a duty to the owners of the company long term. But seriously protect the dividend short term versus reward the hard working... — read more 

Amd market.csp more than Intel now. Take that Intel byatches

AMD made the same mistake a decade ago and learned the hard way.

Here's my 2$ conspiracy theory: ELT has large part of compensation in stocks than base pay. Even if they reduce their base pay % the dividends are still not reducing or stopping. Workers will toil and pay for ELT fat salary with no bonuses for... — read more 

How much 401k and salary cuts will save ? 1B $ 2B? Any guess?

We are the winner in CEO TComp!!!

The beatings will continue until morale improves

That's 1700 times of Intel median pay BTW. His base pay was $1.1 million, less than 1% of the TComp. 25% of that is 0.25% of TComp. If someone at Intel median pay got 0.25% pay cut, it'll be like $50 a week. Don't worry about your dear leader. He's... — read more 

This site was started and is very likely run by a disgruntled employee. Someone posted support for Pat and it was deleted. It's sad that the site caters to negativity about the company. It could be so much more.

Get free government money to save American jobs Pay fat dividend to please grumpy shareholders Tout the huge cost-saving down the road to make employees nervous Wait for large layoff announcements from everywhere Declare pay cut like... — read more 

https://www.semianalysis.com/p/intel-cuts-pay-for-employees-to-keep Intel’s leadership has decided that the dividend is more important than employee retention, which is bad news for the long-term future of the company.

A peanut butter paycut spread across the higher grades, instead of making tough decisions: closing factories, ki-ling vanity projects, sales offices, etc… every CEO since Andy has been gutless to make the tough calls. It worked for Craig and Paul... — read more 

If you would know what we paid at each grade level to hire folks from outside, you would go crazy. Every new hire was hired 1-2 grade levels above with insane salaries. Way above 95%. Insane stock and bonus benefits. The market was hot, but... — read more 

Listen all of you p** ons. Go on and complain! All of the G9s and 10s will do your work if you leave. It’s all of you lower grades who complain. It is us who all make 250k and more who keep the company running and carry the rest of you on our... — read more 

Top talent and high performers will leave. You know the rest!

We want to apologize to as we were wrong. This action shows Pat Gelsinger is very similar to the prior Intel CEO who was a career Chief Financial Officer at multiple publicly traded companies. It’s a disgrace that Intel has decided to cut fab... — read more 

The writing been on the wall for some time now, but most tend to stick around for wait and see and need that extra push. I think what Intel is doing now is pushing employees to leave on their own as they can't pay 40K employees severance packages. — read more 

Intel cuts pay for employees by at least 5%. VPs 10% cut, more senior executives will get 15% cut and CEO gets a 25% haircut.

He doesn’t have guts to fire coasters or middle managers to reward working high performers.

What's this white collar slavery ? You expect me work my backside off all year long and expect lower pay. Who let these clowns on board

You have heard about ideas like rent control, higher minimum wage to put a floor on downside pay, now pay cut to put a cap on upside, between the two end points Intel can bound the wage gap. Someone forgot to tell Intel the wage gap to fix was... — read more 

The info say pay cuts were effective immediately, so I expect anybody currently in CPM would have their pay cut as well, and then their severance would be calculated based on that lower pay.

I think there is a lot said about dividends. On why we are paying dividends to investors and cutting employee pay. IMO, not cutting dividend is the right move. No investor wants to hang around 2-3 years for Intel to turn around. The only thing... — read more 

Not to rub salt in a wound but based on the most recent comments posted today, it sounds like topic of the all-hands meeting was that the companies not doing so well and everyone must take a pay cut?

Afterall, base pay is not the floor. I have never gone through this experience and always equated base pay almost as min wage. Nothing will happen to base pay. Bonuses might go away, but base pay is the floor. Not really.

Last year it was brain drain ==> We will offer everyone raise and bring them up to 95% and hire like crazy ==>We are investing more and more . We are behind in manufacturing and design ==> Oh, the economy is reopening, so folks dont want PC ==> Oh... — read more 

How the he-l did ELT didnt see this coming. What was that exuberance of crazy hiring that they went on to do in last 2 years. Last quarter they said this is the bottom only to find out Q4 went further down. And while Intel is eager to call Q4 as... — read more 

If CEO keeps saying that he is on a mission and getting this company back on track is a mission, why is he taking a pay at all. Take $1 pay and defer his pay if the company is successful in 2025. Some might say thats what stock allocation is. ... — read more 

Yes, Paycuts suck. I'm in disbelief. Been here a long time. Stock is where it was in 1998 and so we are drained of liquidity there and then bonus gone and base pay cut. What ? Even the amount of paycuts. Why is CEO taking only 25% paycut ? I... — read more 

Just said it! In addition to the other stuff here.