Lots of suggestions about how low cost sites are 'safe'. What is 'low cost'? If you are looking at your paycheck you maybe not correct. Because labor cost is not the same as payroll. It also includes many other items such as benefits, tax... — read more
Has Pat said sorry or expressed any remorse
https://www.wsj.com/articles/its-the-new-saying-among-tech-ceos-i-apologize-11668109641
IDM and IFS will destroy Intel and result in more layoffs
Let’s be honest 10nm and 7nm blew up the product and design team best laid out schedules and plans and took them from leadership to last. Sapphire Rapids is proof again of this broken model and IDM execution marriage. Like a new CEO who says five... — read more
Too little, too late more layoffs
https://www.theregister.com/AMP/2022/08/05/intel_is_late_again/ Can Pat stop the rot – or is the chip giant facing a Kodak moment? No and yes past the tipping point. Intel is where Intel is a massive organization filled with brilliant... — read more
I don't mind the wait
It seems I'm in the minority here, but I don't mind the wait. I prefer having the time I need to prepare for the worst-case scenario and turn it into a better one. I admit, it's not easy not knowing when it's going to happen and always wondering, but... — read more
Rant on this “Hunger Games”!
I am a bit worried. I started at the same time as two more diverse employees on the team. I believe they are both G6/G7 and I am G7 (pretty certain on this). I believe close grades are being scored together. In a skills based review …..if... — read more
Hostile environment
Intel has created a hostile environment by extending this layoff suspense, it has caused undue mental stress and harassment for its employees. Wonder what California law has to say about this. It’s only a matter of time it gets sued for this by the... — read more
Any news on Design enablement group?
Will be joining soon, would like to know of it's a safe bet.
JPMorgan double downgrades Intel
https://investorplace.com/2022/11/intc-stock-alert-jpmorgan-resumes-coverage-of-intel-with-underweight-rating/ Dead money RSUs. Why would you want to stick around here?
Uncertain times
I'm trying to be as calm as possible and get a new offer ASAP. I'm not too picky when it comes to a new offer, and it's hard a place worse than here. Lately, I've been putting in minimal effort because I think that the manager's favorites will... — read more
Good News!
https://time.com/6222411/intel-layoffs-chips-act/
COBRA premium paid by Intel?
Is the Cobra premium going to be paid by Intel for a year? Or is Cobra just being offered.
What group is actually being laid off?
Any info? What’s actually being reduced? Is manufacturing impacted (admittedly hires over the past few years have been questionable at best).
EPYC simply EPYC! More layoffs for sure
The goose and golden eggs are so gone. Market share loss will continue and that is with certain huge price drops and margin loss. ... — read more
Ok let’s see what areas are not valued now or perceived as being over saturated!
What % of different groups are being cut ? We should all be interested. Seems like HR not being touched that much! So some executive leaders really swinging their bats!
A Rant!
Although my first two years at Intel were great, things started to change after that. The management did not care about new employees anymore and they started to show their true colors. I joined Intel in 2014 as a business analyst. I was a happy new... — read more
Grade & Salary Info for Intel
Please share your grade level and salary, everyone benefits when we share info like this. It'd make sense to post other info as well, tenure/median time, degrees, etc.? My info: Grade = 7 Base = $125K
Offer in hand?
Get the job offer now and ask to start late January and by then you will know. You then take the VSP package from Intel and walk over to the new job. DONE. Why torturing yourself?
Deep Regret
I joined Intel a few months ago from a big defense contractor. I used to work for Intel back in 2010s and decided to come back for the salary bump. In my previous company I never worried about layoffs, not even crossed my mind. Re-joining Intel is... — read more
Layoff Announcements
I hope they start the layoff announcements next week, so folks can discuss with family during Thanksgiving and make plans. The delay is unnecessary and frankly very frustrating.
Intel is the best company to work
I compared intel benefit with our competitors and saw it has the best benefits. Although pay might not be the best.I’m 100% sure we will have a strong growth in 1-2 years. Ito scammers, let’s your disapproval may show how accurate this is :) — read more
How different will these cuts be from 2016?
I don't believe that these cuts will be much less unfair than the ones in 2016 when some of the best employees were cut.
What GEOs Will Layoff?
Is this layoff world wide or specific to GEOs?
Trends are hard to ignore, the end result layoffs
According to the DigiTimes report, Intel's laptop market share peaked in 2016 at 82.2% (in the same year, AMD had 17.8% of the market). But according to the latest figures from Q2 2022, Intel now owns just 63.5% of the market while AMD has... — read more
FB or Intel better CEO
So at least FB is decisive in a moment of crisis. Does anyone really know what Intel is doing? When, who, how many as they slip beneath the waves, total FUBAR
years of service
Is there a way to estimate people’s years of service based on the employee ID? Here is where I struggle…. You have so many employees approaching their 30th year… around the age of 55, possibly older if they started after a grad degree. But all... — read more
Volunteer CPM
Why some orgs do not offer voluntary CPM? They want people to stay?
Hostile job market
If an employer gets to choose between a former Meta engineer and a former Intel engineer, who do you think they're going to choose? Spoiler alert: it's not Intel. It's never going to be Intel. Twitter engineers might not have been a threat, but those... — read more
What's the plan?
I doubt that anyone will put much effort into their work until we find out which of us is affected. What are they trying to achieve by keeping us in this much uncertainty?
Stress Causes Inefficiencies
I'm not doing anything until I hear from HR letting me know if I'm being fired or not. Until then, I'll be surfing for new jobs. Not sending out any emails or responding to emails should save Intel lots of cash.
Voluntarily time off
So manufacturing is getting voluntarily unpaid leave for the first half of 2023… it feels like just delaying the agony
Facebook layoff 11,000. Severance package is larger.
16 weeks pay plus 2 weeks for each year of service plus PTO balance paid out NO CAP FB ramped hiring lately, overspent over $10B on Metaverse (no ROI),... firing about 13% of workforce now... see any similarities?
As if this would be enough
https://www.theregister.com/2022/11/09/intel_max/
AXG layoffs
Joined AXG about 6 months ago. Anyone knows is this org is affected? I refresh my email every 5 mins and my manager gives me no information.
3nm anyone ?
https://9to5mac.com/2022/11/09/apple-chips-2/amp/
2016 Salaries
https://www.thelayoff.com/t/H5w9Q7p or @OP+H5w9Q7p
No layoffs in Manufacturing...
...for now. Voluntary Q1 unpaid time off, might get extended. Who would volunteer for that!?
Package clearification
Are the number of weeks salary per year of service and serverence payment two different things or the same? Asking for Germay