I think way more took voluntary than expected in some parts… not as many as are needed in total, but enough that it seems likely that some reorg work will be needed. It is a mess…
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breathing heavily waiting for VSP opportunity
Yep, all the people worth a damn will take the parachute and look elsewhere. The only people remaining will be people resting and vesting, people with no relevant talent for the market, people with no talent at all, and the new inexperienced people that have no idea what their getting into.
Judging from the very negative impacts of ACT2016, things can only get worse after more departure of experienced people, leaving those DEI hires behind. I think everyone should re-consider their future now.
Voluntary layoffs are result of having a management which is more anxious to be politically correct than having anxiety for building a good business.
Intel HR fails Intel in two ways:
- Allowing exit policies which are making Intel bleed talent
- Inept recruitment processes that are resulting more and more incompetent heads getting added to the workforce.
with the experienced people leaving, taking away or lost the knowledge, more incompetent people remaining, the company is so weak now. Much worse than 2016.
Plus TD is getting worse, Ann got ATTD folks to manage LTD automation it is a disaster. Is there a way to let CEO know that Ann is getting her political party and is messing up TD?
Out with the old farts, in with the new farts.
They keep talking how they want new young employees and don't recognize how much knowledge the old farts have accumulated over the years. Getting rid of old farts is going to hurt intel all over again.
DCAI VSP was taken by 10%. But that is still not enough to close the budget gap sadly.
They always planned on a reorg where I am. You can’t take 10-12% out and expect everything to be as before.
@atq+1tBK4boT , it has to be offered in your group and now it requires management to approve your request.
@wkp, yes head count is too high by about 50K. The problem is you want to retain the good talent and jettison the low end employees. Losing a lot of experience in short order is not something you recover from. This looks like it may be Intel's second big employee reduction mistake in less than a decade. Couldn't happen to a bigger bunch of loser managers but I feel bad for the workers.
These people know what is going on.
A guy in my group left - the problem was that he was responsible for firmware...now we are scrambling with a bug...our customers are complaining. I am laughing...
Honestly, good. Intel has way too high of a HC for a company of its size.
@oye+1tBK4boT. This was the key reason why the company never recovered from ACT2016.
What's the criteria to be able to take VSP?
Just Az
Feck all gone in Ireland, just a handful
A repeat of 2016. In 2016 management didn’t get to approve or deny vsp and retirement requests. Ended up with over 10k vsp/retirement departures. Way more than expected. Add those to the 4.5k isp that started the whole process and you get 15 to 16k people leaving. Intel lost the 2year process technology lead that it had for years within the first year. I bet a lot of the people who took vsp this time were older experienced employees. It won’t be good.