30% Head Count Reductions in our global org of ~1200.

Notification early July, exit the company end of July. Severance package expected to be similar to previous though HR did not confirm it. No option to volunteer for CPM. No enhanced retirement. Job elimination and skills assessment should direct which heads are reduced.

Spans will be forced to no lower than 5. Lip Bu is zero, so count up from that to see what level you’re at. Managers should have 6 employees minimum but average expected closer to 10-12 direct reports.

Remote work more ambiguous. Directionally, they want everyone in the office four days a week. Some exceptions expected, but no guidance or parameters. If no CPM in July, doesn’t necessarily mean you’re approved for remote work indefinitely when return to office hits in Sept.

Haters and flamers can do your thing, but in a time of stress an uncertainly, hope these facts help others cope with some pending unknowns.

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So beyond 5 layers of management down from LBT will be fired or absorbed to higher layers?

@cg you’ve had several other firms since 2008 come in and provide the strategic plans since. In fact, something tells me, there’s another getting ready to make their appearance

Oh good, another formula based headcount reduction... With no real business or technical restructuring at all.

Good luck with your layoffs, I hope the firings work out well for ya. -Office Space

@cw English?

Does PESG 1200 have 30% target? If yes, high cost will loose 50%

@OP why did you post without mentioning the org name? Is it because your lies will get caught?

@cg The reorg that Lip Bu is implementing goes much, much further than what Bain recommended. Flatter orgs, nearly 2x as many direct reports to managers.

A Consultant is one who asks to borrow your watch so they can tell you what to me it is. Another scam and money laundering scheme

What about NEX?

Names finalized by June 20th, people inform no later than June 27th. Exit date July 30th
Some BUs will be eliminated completely or merged. So the cut is horizontally and vertically.
You shouldn’t worry, the job market is strong

Spans and level? Intel is still talking about that? Bah ha hah ha.

Stacey Smith hired Bain for multi millions of dollars to tell Intel exec. staff they had too many spans and levels... circa 2008. Every leader worth their salt should have known that.

When will the company actually restructure? Not to even mention that harder part, which is to redo the strategy and turn the culture upside down.

Sounds like DSE in the SW org. We’re taking similarly deep cuts.

AI managers cost even less.

Robots can work 24x7 and won't ask for a raise. They cost 1/10th as much as the average shittel employee. :)

Absolutely right piece of information. Well conveyed on the original message. Groups like PEG, CCG, DCG, AI, Software may have dates 15 days before than July 1.

Which org of ~1200?

Haters gone hate! It should be 50%!!

Thread regarding Intel Corp. layoffs

30% Head Count Reductions in our global org of ~1200.

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