is the list already made? how does the selection process work?

So next is ISP as per email from Naga Chandrasekaran. Chief Global Operations Manager. ISP letters will be issued by end of October.

https://www.tomshardware.com/tech-industry/intel-offers-irish-employees-voluntary-severance-packages-up-to-500k-euros I hope we can have similar package in US.

https://www.youtube.com/watch?v=2G7onHVEEvU Slowly now the congress and senators are exposing the internal dark policies.

Geoff Colvin of Fortune have said it takes 4 bad or wrong CEOs to wreck a company. From Otellini who brushed off mobile revolution, to BK who squandered process technology leadership, to Swan who missed the AI revolution, guess who is the 4th wrong... — read more 

https://www.youtube.com/watch?v=AiOUojVd6xQ

I mean besides the usual suspects, us the lowly workers, that had no hand in any decision-making and management?

when is Intel board meeting in September?

Yet to roll out, but the hearsay is to continue cut high cost geo H/C to fulfil 21% of 30% CPM.

Anyone taking the legal route for all this? Morale has gone downhill. The whole thing seems rushed/desperate. Not seeing much news on how front line employees are getting the shaft, in a very real sense.

A coworker is so fed up with Intel's bullsh-t that he's thinking about just walking out - no severance, no backup plan. I get it, he's upset, but this is the worst time to make such a move! There are zero jobs available. And with layoffs happening... — read more 

I can't fu--ing bear the wait. When are they announcing the layoffs? When will they announce the reorg?

Any orgs know any news about interns whether they are part of these layoffs, interns work year round in my org

https://www.youtube.com/watch?v=2G7onHVEEvU Sending Jeff there was terrible. Maybe Pat should go there himself to proof our "unquestioned leadership". We should learn from Boeing ex-CEO.

Intel's PEs/Senior PEs/Fellows are the most incompetent and overpaid and doing 2 grades lower work. They can't find any job in other companies and just hang around collecting paychecks. They get $300K+ compensation but just manages people and no... — read more 

This poor fellow had to take one for the team... https://twitter.com/HawleyMO/status/1833626148636328002 ... while Pat Gelsinger got to flex at the State of the Union speech in March... — read more 

https://www.irishtimes.com/business/work/2024/09/06/intels-research-and-development-facility-at-shannon-to-close-next-year/

https://www.tomshardware.com/tech-industry/intels-chips-act-fund-delayed-by-officials-washington-reportedly-wants-more-information-before-disbursing-billions-of-dollars

https://www.anandtech.com/show/16823/intel-accelerated-offensive-process-roadmap-updates-to-10nm-7nm-4nm-3nm-20a-18a-packaging-foundry-emib-foveros Since 2021 after almost 4 years, Intel developed 4 process nodes. Only Intel 7 has been adapted for... — read more 

I just learned about this CPM thing today because my email is so inundated. I think the CPM was offered to everyone. I'm in the US. I just learned from my manager that the ISP will be announced Oct 15-18. Those selected will be fired Nov 15. My group... — read more 

During Q1 ACM arrogantly stood when cruise question was asked and said it’s my own budget to spend. Now employees and investors have a right to ask what is the ROI?

Majority of employees I work with don’t do a tap of work and execution across the board is abysmal. Time to own to downfall as employees we all hand a part to play

Could work this time round ?

I’m hearing majority getting denied. What a joke

Stock will crumble to single digits as many pension funds / hedge funds cannot hold non DOW components - this is a very sad day for Intel. PG legacy

More uncertainity

Alright nuff is nuff. Just sell the whole da-- company to Walmart or Wendy's

Have you considered resigning? You have done enough damage. Leave man

Any news?

https://x.com/drfrederickchen/status/1833530916301639813

You may survive this wave of layoffs, but god knows what will become of Intel. I’m looking at my job as being on a chopping block regardless of what happens with Intel in the near future. I started looking for another job when all this mess started... — read more 

Will be announced next week, overseas sites will be gutted with cheaper packages by the buyer (statutory only). Executives and cronnies scrambling to get out ahead of this happening

https://www.eenewseurope.com/en/habana-labs-founders-leave-intel-to-form-ai-startup/

All of this sounds way too familiar. https://www.youtube.com/watch?v=YeNBsW0Slrk

Is it okay to ask my manager whether they have an idea about layoffs

Any one have any idea if new hire interns are safe from the layoffs

BoD meeting in progress. I don't think they will fire Pat yet. That will be for October once Q3 earnings are out and stock drops to $15.

Anyone have any layoff number for these orgs

Any info? I'm sure they'll use that meeting as yet another excuse to drag out this slow harakiri, saying the board needs time to review the options, while ELT figures out the best packages for themselves and line up buyers to gut this company. I'm... — read more