The last 6 months have been a let down but not a surprise if you have been around since BK's id--tic and costly side projects and the acquisition of Murthy and the exorbitant pay package it took to bring that large waste of space over from Qualcomm. We are not doing well y'all, and Intel's future is in the hands of incompetent management reaching around and wa----g each other off. They keep turning the knobs on us, speeding up timelines, expecting us to give up our weekends, hold off taking paid time off, for projects everyone KNOWS are not going to be competitive in the market whatsoever. All so that they can use that completion to leave us holding the bag once that project is canned, while they accept some other EVP positions for a different groups, where they get to continue the cycle within Intel (looking at you Navid). Can anybody say the pay is worth it? Is anybody proud of the project they are working on? Are you happy seeing groups cleared out of friends with talent, simply to save on this year's budget and letting go years of irreplaceable experience? I for one, value who I get to work with and the work life balance we used to have over compensation. Layoffs are standard practice, sure, but this last round felt different. There's nothing better coming. No IOU for taking on more work because management decided to reduce headcount just because. RSUs? Please. By the time you get to cash out the next year, the stock price has halved. All of this to say: don't give in. They want us to quit. They want us to willingly work and overwork without any promise of proper compensation. A 2-5% increase in pay every year is not a raise. That is a pay adjustment to offset our rising cost of living. Our bonuses are not "free money", as some feds within the company like to dismiss whenever someone points out how little or none we get each quarter. Our APB didn't used to be tied to our personal performance, it was based on our group's achievements and the company as a whole. Salaried employees at Intel used to receive overtime pay for working nights and weekends. Great Place To Work (GPTW) used to actually mean something. I used to be proud of working at Intel, and this company is one I no longer recognize. Sure, I've aged since I joined but this isn't due to a change in culture. This is an effort by the executive suite to continue finding ways to strip away and reduce our benefits every year, under the One Intel banner. Somehow there's always funds to cover the blank checks Murthy, Raja, and the like get for their dead end projects, no questions asked. Funds are available to host team events on a yacht, because that is somehow cheaper than the cafeteria. We deserve much better and it pains me to see so many of my coworkers so stressed out, not adequately compensated. We don't have to accept what meager scraps Michelle, Dave, and Christy give. If there are others who feel the same, all I ask is that you speak up for yourself when told to make their poor planning your problem. Don't sacrifice your mental health and personal time for this company. The more you work outside of 40hrs a week, the further it dilutes your salary and we all know they don't give us enough raises. I promise you, it can wait until Monday.
For all those who will reply with their takes about "maybe you should leave then" or "H1B did it", choke on a nut. This post isn't for you, we are not friends, and your opinion means nothing on this subject.