They already published a voluntary severance package for those who were willing and those who qualified took it. Now the rest of us wait as nobody knows what the algorithm will be this time. In 2016 the algorithm was all those with a less than satisfactory focal rating in the past 5 years were involuntarily fired. Those who had been at their grade level longer than average were given voluntary severance or forced early retirement. Thus most of the 12000 people laid off were older. We all wait with bated breath.
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TD is waiting for round 2. Then you will know the cr-p has hit the fan
10 BILLION savings coming soon to your next layoff
If you haven't been impacted by now you're not a part of CPM. I understand a lot of people were contacted yesterday 1/12. So sad to see so many good people leaving. This is the 5th layoff scare I've been through and it never gets any easier to see people react to the news. My deepest sympathies to all affected, don't give up, the economy will recover.
@1reo+1kD1mDeA My org already had layoffs in November. One FLM claimed that victim list came from higher-ups, another that he made the call. I'm inclined to believe the latter, although many will deny it to avoid responsibility and blame.
@2aeq+1kD1mDeA. So what kind of help you're offering here ? Are you from HR trying to discourage people from posting here ?
@2isi, what help are you guys offering? I never once see anyone mention that their new company is hiring and post a link to apply or contact info to DM for referral. All I see here are people bi-----g about Intel with real and fake complaints. One of you still kept the termination letter from 7 years ago. That sounds like a lot of bitterness to me.
What @1ifs+1kD1mDeA said
@2vdj+1kD1mDeA. Are you suggesting that people got laid-off several years ago should not come here and offer their experience and help ?
@1tzp, you were impacted by ACT in 2016 and 7 years later you are here, why? Isn't it time to move on?
SATG and DCAI involuntary layoffs started.
@1ifs+1kD1mDeA . You are WRONG. I'm a ACT2016 victim with SSL4, the letter I received on the day of departure stated clearly that I wasn't eligible for re-hire. I still have that letter.
Has anyone actually been notified yet for involuntary?
It will be by certain business groups need big cuts and others nothing and likely decided by those GM.
No way will the decision be made by the lower level managers, that will be chaotic and those folks will never again be trusted by their rank and file employees.
A LOT of people will need to go! Business is terrible as everyone in Fab always knows and only going to get worse given Intels very high cost structure and uncompetitive position!
It is time for sadly people who are innocent to pay for the indiscretions and failures of leaders past and present.
The (cough cough) experts in this thread have no idea what they're talking about. The SSL4 "performance" fiasco with the no-rehire clause was in 2015. It was NOT in 2016. This time is nothing even remotely similar.
I'm impacted and I'm planning to retire and take the severance. I get the full 47 weeks max, plus a sabbatical and I can be re-hired if the company turns thing around in a few years. I own enough stock that if the company turns things around I won't really care if I get re-hired.
Either way, I hope the employees that are posting here but don't have a clue what they're talking about are part of the CPM actions so they can't affect the bottom-line going forward. Seriously.
I took a nice road trip around the country with my family in 2017 after getting a 42 week package. A couple years later I contacted HR to see if I was rebirable and they said yes and I even landed an interview but didn't get the position.
whats the source of this info OP?
Unfortunately, Intel is quite a large machine. Machines need rules and processes or they break down. This is just the nature of things. Large machines are fine for certain purposes, until they are not. For example, the steam locomotive. Intel is like a steam locomotive. At the time x86 was created (about the same time as locomotives +/-...) it was an efficient, disruptive and low-cost (if not dirty) way to travel (compute). Today? Not so much. (x86 vs. ARM).
Also, anyone laid off during 2016 ACT could never return. I was there at the time but not affected. The company kicked some very skilled and brilliant people to the curb never to grace the hallways of Intel again, another brilliant decision management.
Nothing could be worse than BK's method.
I JUST CAN'T WAIT !!!
That does sound better, with ACT those who got fired were targeted pretty much randomly. With low level manager input, if you get fired, you at least know that someone actually looked at what you're doing first and decided based on future business need.
This time it’s being done at a lower level, which is miles more fair than ACT since low-level managers have power over decisions. But it also means that there’s no single set of criteria that applies globally, and that teams will move through the process at different rates. It’s a difficult time, but it’s light years better than we had it under BK.