I am new hire in mid 2015, from another company with 2yr experience after my master degree, should I be worried or getting prepared for interviews?
First time seeing this layoff, totally freaked out!
Many thanks!
12 replies (most recent on top)
I think it is location and group you are working on. So part of it is luck. My friend group and manager got thebad news on 2013 and most of the team was awesome. They offered some to relocate to Oregon. Some went to find work somewhere else and some stayed.
If you have potential and connections within the company go for it. If i was offered VSP i probably will not take it
Best to always be prepared. Keep the resume current and Linkin active can't hurt.
Where I think Intel is a pretty good place to work, there are better places out there.
It is going to come down to how many heads need to be cut in your group and where you boss rates you among your co-workers. Workers with IR or SSL->4 will be hit. Being new enough to not have a focal review, could be a job saver. You could be next in line after the SSL4 & 5 which there are going to be between 5% to 10% in your group. You will have to do the math. 11% cuts in total and 10% SSL in the 4 & 5. But that 11% includes normal attrition. VSP and early retirement.
So i guess the real answer is ask me next week.
If you are working out of one of the India sites, you are safe. Intel will be hiring aggressively in your area. (See Times of India article: "Intel: Job cuts not to affect India operations").
If you are H1B, you are safe.
If your salary is 30-35% of North American employees, with equal or greater duties, you are safe.
if you are an employee of a company acquired in Israel or India, you are safe.
All employees of recent North American acquisitions (ie McAfee, WindRiver, Altera ) are excluded from any safe list.
No you're not - I know 2 people in your position who have gotten laid off. One of them had <3 yrs experience and was a very capable candidate.
It all depends on your manager.
Yes you are safe, Murthy will come by to confirm.
Nobody is safe
@mib, WOT? where have you been for the past 10 years? Intel only hires MS and PhD these days. Mostly PhD. Quite the opposite of what you are saying and the cornerstone of their H1B argument. You'll never make it through the door without one. This is a general trend that's driving the whole student loan bubble. It also shuts off a whole segment of creative outsiders from the company's hiring process.
In fact, I wouldn't suprised if degree level becomes a layoff filter at some point because this would also select heavily toward older, higher paid, experienced white guys- ones hired before the shift to doctorate degrees and easy for "high-tech" to justify.
Forget degrees and all that... This is the new world; if you are good (i.e have reasonable tech knowledge, good soft skills and optimism), you survive. If you think you are a great Phd or Masters but nothing else, you are done!
No one is safe. Some 2015 new hires at IBM get laid off.
It doesn't matter what degree you have. Intel stresses so much on degrees but it's more who you know and how you work and play the game. I have no degree, only some college, yet I'm an engineering tech for ATTD. Our tool owners are all Indians with phds but don't know how to fix the tools when they go down. They don't last unless they can learn to multi task and you can't teach that.
Yes
Doesn't matter because you'd find out by next Friday