9 weeks + additional [4 weeks + 1.5x (# of completed years)] if you sign a release. In addition, 12 months of Cobra. If you or your partner are retirement age - or your partner on disability, you can expect additional $10K-$20K cash.
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Accrued PTO (for hourly workers) must be paid out, regardless of what state you are in.
As salary do not have PTO (hence, the "about 3/4 weeks" in the handbook), they do not get paid out upon exit.
This was part of the justification for cutting back the sabbatical benefit.
@en can you confirm your state? I heard OR doesnt pay for accured PTO?
@de was about 1month in multiple payouts.
@eh forgot to add the sabbatical and holiday pay. Even exempt employees usually carry over some amount of unused holiday pay from year to year.
@de a good question as not everyone has savings to get them by. Good news it was quick but in 2 phases. Last day was Nov 15th and I received last paycheck + Vacation Pay + Holiday + Sabbatical. Then Nov 30th was seperation pay.
@bb I believe you could consider it the WARN notice. It's the time you would haver normally been given to find another job inside of intel in the "pool"
@ba
yes I was one month short of a sabbatica and since I live in CA it is accrued so yes another almost 7 weeks of pay.
@ay I had the enhanced package after 24.11 years in CA.
9 weeks for not going in the pool
8 weeks enhacnced
40 weeks for years of service so total 57 weeks.
+ 20K cash supposed to be for health care
+18 months of Cobra
+ all stock accelerated.
Taxes paid were very bad since left in Nov, Had a promo in 2024.
Package varies by country; try not to be quite so US-centric.
I'd say around 6"
This is 2025, not 2024.
Intel will have to sell a couple of Fabs to fund these packages. Don't hold high hopes folks
@a4 how long did it take for you to get your payout?
@be SMG announced it's the same package as last year without the enhanced retirement option.
Has this been confirmed? I heard there was nothing from very reliable source
Is the 9 weeks 60 day notice WARN or extra 9 weeks?
thanks for sharing... what is the max # of weeks? what about accrued sabbatical, and does it count towards the maximum # of weeks?
But I got paid for my services the last 7 months
You wish lol
My 2c:
- Baseline: 9–13 weeks minimum pay
Plus: 1.5x weeks per completed year of service
COBRA: 12 months covered
Pro-rated bonuses (APB) may be included
Retirement/disability: Potential $10K–$20K top-up
No VSP (voluntary packages) this round
@OP what group?
Yep, it’s the same as last year
Same package it was the last year
@OP Looks about what I had in November.