I believe the current plan will fail. Let me preface that by saying that I have worked for Intel for 20+ years as a Equipment Technician in the fab. I took the buy out. Why do I believe it will fail?
One - Pat's statements during the video make me believe management is not taking the problems seriously enough to solve them. Pat should have said either that all members of the C-Suite are taking a $1 dollar salary for the next year or the C-Suite will take a salary equal to the lowest paid employee in the company.
Two - It was stated our cost per wafer is too high this should have been followed by and we are going to analyze how our chief competitors management is structured and match it to equal their costs.
Three - The bullsh-t name of "CPM-AP" is just soft language to try and make people feel better. They should have called it VSP (Voluntary Separation), ISP (Involuntary Separation), and VR (Voluntary Retirement)
Four - They should have included an early retirement option for people within a year of retirement. I have lost track of the number of fellow employees who did not take it because they are within about a year meeting the retirement qualification. They want to buy into the retirement insurance but CPM did not offer it.
Five - The CFO (whose name I forgot already) said that it was a surprise when the numbers will as bad when it was all added up. I call bullsh-t on this, with modern automated, computerized, centralized accounting they knew months ahead of time there was an issue.
Six - Money wasted, look at the production value of the video announcement. It was highly polished and produced. In my opinion it should have been shot in one of our sh---y conference rooms by an employee. It should have looked like a 12 year child put it together. How much did they pay a contractor to produce it. This was money wasted.
Seven - Elimination of the beverage program. The fab runs on caffeine, doing away with the free coffee is going to do nothing but make the fab employees do less work sloppily. Try working a 13 hour shift on one cup of coffee from home. How about you offer one kind of sh---y brewed coffee, and a black tea like Lipton.
Seven - Why the fu-k did they pay for peoples cars as a perk? Who the fu-k thought that up. Another giant waste of money.
This is all my personal opinion, take what you will from it. I am going to enjoy my "enhanced retirement".