Managers in TD have been asked for ratings of their reports. Multiple criteria being discussed.
Anyone work in Chandler?
Curious how many viewers and posters work at the Chandler campus.
They don't care about long term growth
Unfortunately, many employees that this company needs very much will probably be cut. My opinion is that this short-term cost cutting will be at the expense of long-term growth. On the other hand, I wonder if the leadership is even thinking about... — read more
Are we a family indeed??
For the last few weeks after the leak and to continue roughly for another two weeks, we are in a boiler plate. Maybe most of us are still WFH, or else Intel Corridors would be looking like everyone looking at everyone else with suspicion. Who will... — read more
Intel and the $1.5T chip industry meltdown
https://archive.ph/GpPCN Intel is really REALLY bad at capital allocation. In other news mobileye is valued at 16B sharply down from Intel’s 50B estimate a few months ago.
Layoffs are nothing new
Intel has been doing quarterly "rolling layoffs" since Q1 '13. They're quiet layoffs that normally affect several dozen people per BU and are spread out over a few Groups & Super-Groups. This right here. Just because you haven't been hearing about... — read more
Decimation
The English word "decimation" comes from the Roman Legions. If they fought poorly, lots were drawn (short stick) so 1 in 10 was chosen for decimation. The other nine were ordered to ki-l the tenth. That's decimation. There was no term for 20%... — read more
Ireland operation
Anyone know what to expect? It could be less impacted due it's a manufacturing site.
Negotiating package - Germany
I have a strong feeling I will be fired. My manager told me that his manager asked for my insights and told me if anyone from my team will be fired it will be you. So my question is how should I negotiate the package? is it negotiable at all or not? — read more
Stop guessing, it’s useless
Stopping guessing. Just assume you will get impacted. It’s not end of world. Take a break, then start hurting for a new job. People change their jobs all the time. True that Intel should let us know ASAP. But the reality is HR is not doing its job... — read more
Cost Cutting - Interview Level Math
I wonder if we can make a rough estimate on the savings by calculating on savings through human resources. I assume roughly there are at least 1000+ vp and upper level in the company worldwide. If I look at compensation. In stocks granted every year... — read more
Oct 27th is the day
https://time.com/6222411/intel-layoffs-chips-act/
Lack of transparency
Is anybody else annoyed by the lack of concrete information coming from the top about layoffs? They barely communicated anything to us on the subject so far and even that isn't even remotely helpful in figuring out what is coming. I'm more upset at... — read more
No more free food
I wonder how much money Intel could have saved by removing this benefit soon as the carpet dwellers and pot belly Engineers came back to the buildings. We could have probably saved some jobs and prevented these people from digging their own graves... — read more
Just got my notice! Its arrived. I'm from Yield
Nothing else to say. It hurts.
The U.S. Said It’d Give Billions to Chipmakers Like Intel. Now Come the Layoffs
https://time.com/6222411/intel-layoffs-chips-act/ "When a group of semiconductor companies, including Intel Corp., lobbied Congress to pass the $52 billion chip-stimulus bill earlier this year—one of the biggest federal investments in a private... — read more
Correlation of Layoffs with Insights Review
Anyone have remote idea how the performance ratings in Insights correlate to being important in the company?. The insights FAQ says , it has no connection , but that is very fishy. If a person is on Track for all last quarters compared to one who... — read more
Foundry Only
Intel will likely be a foundry only company in twenty years
MLID hints at large layoffs at Intel
https://m.youtube.com/watch?v=IpkGYTypOyc He says the number will be around the size of all AMD employees (around 15K). Some underperforming business groups to be affected the most (GPU?)
Cuts were somewhat expected
It wasn't long ago when the company reported record profits and now this... However, I'm not surprised at all. It would be a surprise if there were no big cuts every few years.
Any info on layoff in Germany?
Anyone having any info about the layoff in Germany?
There's still hope for younger generations
Gen Z and millennials are reframing layoffs, stripping away the shame and pointing the finger of blame at the company that let them go What employers may not have counted on is their younger workers taking to TikTok to document the highs and lows... — read more
Does Intel apply Last in first out?
Lot of software engineers joined recently the company, I'm one myself. Given that I started on September and still on probation period, am I already a goner? or I still have some chances somehow?
The reputation will suffer
If the company somehow managed to regain its reputation after big cuts in the past, I don't think it will be so easy in the future. How will they be able to recover after these cuts? I think that Intel won't be the first option for those... — read more
What are the layoff packages?
Has anyone heard what are the separation/layoff package specifics?
The most important reason for the cuts
I read some media articles in which PC slowdown is highlighted as the biggest reason for the cuts, and I know that there are people who really believe that this is the most important reason for laying off a huge number of employees. Personally, I... — read more
All of Pat's failures
Great hopes when Pat took over, but it's been pretty abysmal since. Implement OKRs, but tie it to compensation, which is specifically warned against and counter productive. Hasn't gotten rid of the 'insights' woke review methodology. Still... — read more
No one’s safe. Get a set of ba--s
Tired of seeing am I safe posts. Phd, new grad, RCG. Look, no job is guaranteed. It’s their job not yours. If you’re worried, update your resume, create your linked in profile. Grab a hold of your ball sack, realize that their there. Then go on with... — read more
Could my manager know already?
He's been acting strange since the announcement (mostly staying clear of everybody, which is not his usual behavior) and I didn't think much of it. But after having the weekend to worry about the future and mull things over, now I think he might... — read more
Will Pat layoff an ELT member?
For symbolic reasons? And which one?
grafix
Is RK's AXG going to be cut? We just released the first Discrete GPU which was well reviewed. And graphics is very important. (Our RTL teams are already short staffed and the cuts will be too bad if it happens)
Orgs are given their budget limits for next year
This will drive the amount of HC each org needs to cut. Some will cut as little as 3-4% others as deep as 20-25%. Each org is tasked to determine their own number of headcount based on their budget. Pat won’t tell orgs how many employees to cut or... — read more
Everything is a rumor including this
Don't believe everything you read. Including this.
Why are they still hiring?
Are they following the hire in bulk and fire policy?
Drones
What’s the latest on Intel drones. Haven’t seen them in test runs lately.
Press coverage
Press is pretty brutal on Intel at the moment (rightfully so) - the company is doing a lot to try and re-build a brand with the younger generations, but millennials and gen-z see right through the capitalist BS - the whole “secure billions in... — read more
How does china's semiconductor industry' collapse affect Intel?
Article link: https://www.benzinga.com/government/22/10/29273679/chinas-semiconductor-industry-decapitated-overnight-what-annihilation-looks-like
Layoff Risk Calculus
Seen a few people take a swing at this - based on my experience both with Intel and other companies as well as what I’ve heard from those in the know, here is mine: Start with 0% - congrats, you’re safe! Add 5% because it’s Intel and they have... — read more
Not enough people gets this
Intel is actually a great place to be. If You need some time to prepare for interviews.