Topics regarding layoffs at Intel Corp.

Topics regarding layoffs at Intel Corp.

My prior Intel layoff experience

Calm down. Nobody will be kicked to the curb or instantly walked out of the building… unless you did something really bad (steal company property, harass coworkers, and the like), In my layoff from Intel years ago, I already knew it was coming as... — read more 

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| 4650 views | | 6 replies (last November 1, 2022)
Post ID: @OP+1jrwVDCQ

Manager says safe for now

Manager says we are safe for now, and she cannot say what future holds. Should I start looking outside even if I survive this cycle of layoffs.

Contemplating taking Medical Leave

I am mentally not able to function and perform my day-to-day work duties due to layoff stress and seriously need to take a medical leave. Any idea about medical leave benefits at Intel and how long can I be on medical leave? I work in a CA site. ... — read more 

How to cut 3B yearly and increase to 10B?

AMD 5.6B revenue with 15K employees Qualcomm 10.9B Revenue with 45K TSMC 20B revenue with 65K employees Intel 15.3B revenue with 121K employees Pat has big fantasies, the cost to us is large and probability of success low to nil. Build huge... — read more 

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| 2712 views | | 3 replies (last October 30, 2022)
Post ID: @OP+1jrFkBVS

What is the value of great performance?

Until now, I have always put in maximum effort, tried to have the best possible performance, but now I regret exhausting myself in that way. What did I get from giving my best? Pretty much nothing. All I got are worries about being laid off while... — read more 

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| 2710 views | | 6 replies (last October 30, 2022)
Post ID: @OP+1jqcfKoU

Rehiring, resizing and efficiency

So management is dangling the carrot with an oxymoron. They will resize and bring efficiencies, but again they will rehire the ones they are firing. You need lot and lot of courage and soul to speak such gibberish to fool the employees and still... — read more 

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| 1420 views | | 1 reply (October 28, 2022)
Post ID: @OP+1jqxVDZu

Just 2 Weeks to Flatten the Curve

If there really is a 75% redundancy across the tech industry, how many more layoffs in the next 6 months?

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| 1025 views | | no replies yet
Post ID: @OP+1jq9UWps

Red flags

No need to worry ahead of time, but still, the anxiety is astronomical. Are there any red flags, subtle signs by which a person can know that he or she will be cut?

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| 2170 views | | 5 replies (last October 28, 2022)
Post ID: @OP+1jq5LtjI

No layoff’s with changes in China staff

Since all US companies are supposed to leave China operations, companies will already run off shortage. And with Chips act, more resources are required here than anywhere else. So don’t expect any layoff

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| 1204 views | | 1 reply (October 29, 2022)
Post ID: @OP+1jq0gqNA

The sneakiest way to do this

If I was the evil Intel I would do the layoff prior to 11/15 so that all 8 weeks of redeployment would take place in 2022. Meaning no annual bonuses (EB) paid to anyone impacted. Although they’d still get the Q4 QPB (if there is one). Who wants to... — read more 

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| 1831 views | | 3 replies (last October 28, 2022)
Post ID: @OP+1jqzcQWp

Server group kicking A$$

Congrats to Server group for making no profits with $3.2B revenue. How did you accomplish this? Others need to learn from you.

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| 2060 views | | 5 replies (last October 29, 2022)
Post ID: @OP+1jqsonJH

Cold and brutal: Right Size will be a slow ki-l

Intel this time adopted a grand policy unlike earlier ones. Smart indeed!!! They will ki-l by slow poison. Everyday we will be waiting to know that I may be called any moment to be hanged and everyday you do not get called you will start getting... — read more 

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| 1470 views | | 1 reply (October 28, 2022)
Post ID: @OP+1jqsnKXO

Anxiety

All the word play and uncertainty is giving me chronic anxiety, I have lost my sleep and peace of mind, can’t focus on work. It’s too much to handle :(

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| 1630 views | | 7 replies (last October 29, 2022)
Post ID: @OP+1jqYPqh6

Keyword is right size

The wonderful thing about management is that they have the greatest ability to use old words in a new context. This time they used right size as an euphemism for telling us that they are coming to let us go gracefully. And the best part of this is... — read more 

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| 1330 views | | 1 reply (October 28, 2022)
Post ID: @OP+1jq8zdwJ

Pat and Team knew this coming from very long

In Yesterday's all hands when Pat was asked why over hiring was done in the last year, he shamelessly responded that they never knew revenue will fall from 76B to 65B. Oh what an argument! When revenue spiked by 20% during COVID, they did not know... — read more 

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| 2470 views | | 8 replies (last October 29, 2022)
Post ID: @OP+1jqdLr8r

sick leaves

In my group , engineers and FLMs have been taking sick leaves in a unexpectedly high rate since last month. Is there a new virus affecting employees ?

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| 1673 views | | 4 replies (last October 29, 2022)
Post ID: @OP+1jqhUVsd

What if Musk bought Intel?

"Musk terminated Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and legal affairs and policy chief Vijaya Gadde, according to people familiar with the matter."

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| 1630 views | | 9 replies (last October 28, 2022)
Post ID: @OP+1jqpjl4o

April

Has there been any change for 2023 annual rewards process?

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| 2100 views | | 6 replies (last October 28, 2022)
Post ID: @OP+1jqeQIM6

Light on specifics….

Here’s what I actually heard: 1- “No set criteria” So this means they will keep family and friends vs performance? 2- This new scheme. So what they are actually saying is well you have a couple of months to find work but no severance. So this... — read more 

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| 2306 views | | 1 reply (October 28, 2022)
Post ID: @OP+1jqPaq4L

No imminent layoff guys. Cheer!!

Pat is busy spending his $170m paycheck so he doesn't have time for layoff. No communication about number. It would be spread throughout 2023. First round would be by Q1 23 end. Enjoy your Christmas break.

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| 2840 views | | 5 replies (last October 28, 2022)
Post ID: @OP+1jq6mba4

Question for Intel retirees

Obviously past behavior is no indication of what Intel might do in the future, but a common retirement strategy was to wait until after stock grants, since with rule of 60 you were pretty much immediately vesting if you have 20+ years of service. My... — read more 

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| 1636 views | | no replies yet
Post ID: @OP+1jq2qDr2

Only 3-5 more months of waiting family

Per Christi, communications for effected family members will happen “no later than Q1” for “this round” (Freudian slip?). Are they intentionally dragging this out to encourage family members to self select for the separation package (not VSP)? All... — read more 

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| 3580 views | | 7 replies (last October 30, 2022)
Post ID: @OP+1jpnBXIv

Good folks are just going to leave !

This is crazy. why it is taking so long to take these actions. Plus the action around rewards. Man, why would one stay at this company. So for folks who are not impacted, will have to work more at less rewards. What ! Doesnt make sense. — read more 

VSP

Is the vsp tool open yet.

Surviving = prolonging the agony

I pray for getting laid off. Reason: things are probably going to get much worse from now on at Intel. No high hopes that everything will be better. Surviving these cuts is just prolonging the agony until the next cuts.

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| 1700 views | | 5 replies (last October 29, 2022)
Post ID: @OP+1jpLJVZl

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