Thread regarding Intel Corp. layoffs

@ID5AwKc-3jws. I think Intel was very smart to offer incentives to leave. It still can leave a bad taste if one was not ready to go. But it they'd have followed your approach, they'd be wide open to legal action. These weren't ordinary WARN type layoffs. They did the right and generous thing and it is not 'entitlement'. Remember, VSP and ERP were not layoffs. They were incentives.

Lots of big companies have done mass layoffs without any severances and have done ok without any class action lawsuits. Please read the various threads and you will see many of these ingrates who received great packages still threaten to sue Intel and gripe about how unfairly they were treated. These are 20+ Intel veterans who have made millions off of Intel through the years and now feel that they have been wronged and abused. What a bunch of Aholes!

Too many Intel minion here suggested that Intel should NOT give out any package for ISP/VSP. Well, if you said that it shows that you have NO CLUES of what going on, and probably NOT very smart either. Intel is very very smart give out an excellent package, else Intel will be hiring an entire nation of lawyers to go to court for every single layoff employees (regardless who wins), and that can drag on for years. That would cost Intel a lot more (lawyer fee, settlement fine and time) than the package they gave out. Understood? FYI, I had already discussed with my lawyer before signing the package, and my lawyer said that package was much better than average.

@1fvf good will....is it to say you're are a "SUCCESSFUL" employee and being layoff the next day?

The package came from Intel side. Employees never asked, complaints are because there is a signed contract. Calling it entitlement is based on pure ignorance.

Intel should just do a one time 12k layoff with no packages and move on. Repeat next year if more needed. Keep it simple and employees/shareholders will be happy.

There won't be any packages in the future thanks to the new focal system.

Intel pays employees for days worked. Anything beyond that is a bonus and should not be taken for granted. Very few companies try to avoid mass layoffs with VSP/ISP. Intel is just trying to apply good will, but many folks receiving this benefit do nothing but complain and continue bad mouthing their former employer.

Intel employees thinking separation packages are entitlements explains why the company is so screwed.

Yes, if I was BK I would not apply VSP--only results in good talent leaving. I would not use ISP--underperformers should not get any severance, and especially not the same amount as VSP. ERP makes sense--these are older, higher paid folks who probably have been high contributors so are most deserving.

I really hope the OP is not from intel, it will be shame of intel if someone like him/her working there. It only cause further damage.

1. Intel/employee they do not own other anything, at will. You only can define what you "SHOULD" do, other has no obligation to follow.

2. For the separation, it is simply a business offered by intel (settlement agreement). Once signed it is a contract. You did not deliver timely, your fault. Whether it is good/bad to intel to offer this business, it is your call, you can say intel CEO is such insane stupid guy, or whatever. But deliver to the contract.

3. You decide whatever best for you in next round laid off. Whatever you choose, be capable to deliver without any miss. Not like this time, keep delay and no answer.

4. We do not work intel any more, so your arrogant attitude only further piss everyone off. I do not care you are CEO or vp or whatever, no difference to another neighbor. We are simply equal. Do not tell me what to do, just think what you should do.

Last work, to help improve intel, the company I have worked and maid many friends who still work there, those arrogant xxx should get rid of. They only cause further damage, not sure why they were not kicked out. Shame

@ID5AwKc-1oww. I agree. Intel may not have 'owed' anyone anything for outright layoffs. But these packages were freely offered as incentives to people who were NOT being laid off. Pay attention. And yes, it is entirely possible if you are given a hard layoff next year, you get nothing but what your local legal entity requires. Either way, it is always good to save save save.

If you have been an Intel employee for 10+ years, you have already been compensated well above the industry average for that period of time. If Intel no longer needs your contribution, you should not feel "entitled" to any settlement. That is the agreement with "at-will" employment. Intel does not owe you anything. If you were irresponsible to save enough money for all of those years, that is on you, not Intel.

OP: Do not call the agreements 'entitlements.' Or suggest that Intel never should have offered them. The severance package could metaphorically be compared to a divorce settlement. The affected employee did not seek the 'divorce' so it is incumbent upon the entity that wants to sever the relationship to come up with a compensation package for lost income, status and investment, preferably one that is fair enough to avoid further litigation. Obviously the terms of the package will differ in, say, US at-will states versus job-protected Germany for example, but in neither case is it charity or entitlement. Intel will of course comply with the terms it has offered. I don't have any doubt of that. There may be errors or delays here and there, but I doubt the company will in any way try to renege on the offers, which were theirs in the first place. Do they have to offer any separation payouts at all? It depends on the legal entity they are operating in. However, just as in a divorce, being generous is most likely to elicit no further contention. In fact, all of the agreements (ISP/VSP/ERP) included verbiage that acceptance of the package, contingent upon receipt, precluded any further legal action or participation in class actions. In the US, no company is a charity. It is a business bound by legal agreements. Is there a financially independent ISP out there who could reject the package and thus file a suit like the Freightliner case highlighted in earlier posts? Perhaps. But I think Intel made the right call to begin with a very big carrot before moving on to less favorable sticks.

I agree that Intel's severance packages are equivalent to gov. entitlements. One can make a case that both are not deserving and creates more harm than good.

I agree with OP. BK's biggest mistake was to offer any severance packages while making cuts. Many ingrates who received great packages are still threatening to sue Intel, so that is a lame excuse for offering any packages. Other high tech companies do not offer huge severance packages when making cuts, so why should Intel?

I think the ERP I took was VERY worth it! NO complaints!! Everything has gone like clockwork. Still waiting on the recognition reward but it's still a tad early according to my notes.

THANK YOU, INTEL!!!!!! I'm very happy and not ungrateful like others.

@pnm- Psst...the reason I do not work at Intel anymore is because I don't kiss azz like you, buttplug!

@1rpk-are you really that phuckin stupid comparing welfare/food stamp recipients to separation packages? You are bored trollie, go do that blow-up doll that's in your closet , you deserve each other.

Welfare recipients did not ask for the money either. Suppose these welfare, food stamp recipients continue to complain about their money coming a few days late and griping about government incompetence at the same time? Would anybody have sympathy for them?

"ungrateful" I held my end of the deal OP. The package was offered to me not the other way around. I expect everything that was promised from Intel's end to be delivered to me per the contract/agreement.

You need to look up the definition of"entitlements.", dumbazz troll!

If your last day is June 24, then you would get the lump sum ~ 30 days from then, on the next payroll cycle, which would be on July 31, paid on July 29 since July 31 is a Sunday. Now, if you did not send the signed agreement until just around June 24, it could have been delayed. It is also possible your agreement is lost or misplaced (particularly if you did not email it), or if you were remote, your PC return didn't get thru the system. In general, they've been a bit overwhelmed, but all the checks have made their way out within a week or so of expected delivery.

Finally, to reiterate, if you had direct deposit set up before, all will continue as direct deposit, and you will get a pay statement sent in the mail to your address on record. If you were not set up for direct deposit, you will get a live check.

After several call and several different answer from HR, all my money posted to my account as today. Good luck to intel, hope you do better so many of my friends and former peers who still work there can have a better life.

I will keep silent at this site, from now on intel is just part of history on my resume. I got my new start.

Intel has an agreement or "contract" with me for the following per an email (see their response below) I received from HR. I have not even received my full ERP payout yet, only 6 weeks and when I called Payroll asking why only 6 weeks, I was told I would get the remainder along with the quarterly bonus once the profits were announced. My last day was June 24. I had not planned on retiring from Intel anytime soon, but when the package was offered I took it.

"There is actually 3 checks:

1. Final paycheck which follows the paycheck distribution laws, link above

2. SPP refund paid within 1 to 2 pay periods

3. Lump Sum payment- paid within 30 days of the termination date or the release agreement being signed

These checks should go direct deposit."

I will call Payroll again next week, but it appears most if not all have already been paid out their ERP. Might be time for me to "lawyer up". Not something I want to do, but may have to do.

The package does not come free, it is part of deal so employee would not sue. Employee signed the deal Intel offered for not sue Intel, but people have to hang there without an answer on when the money be paid.

Delivery, delivery, delivery. That matters but not verbiage lip service of HR. There will not be such complain if Intel delivered timely (it has been delayed three time according to HR lip service).

whether Intel consider this as a management incompetency and change next time or not does not matter to me. I signed the paperwork, give my money to me.

Hey dumbschit OP, I signed an agreement to adhere to certain conditions and in return was promised by Intel a settlement package. I bet when your boy BK gets the boot there will no hiccups with his severance package.

I agree with kln. Employees that got cut did not "ask" for these packages. They were offered by Intel as part of deal so employee would not sue. They did have a strict schedule for the VSP and cobra payments, but simply haven't met them. Shame on the company for not keeping the agreements that they had offered. I can understand why the employers are pissed.

It was Intel that promised these benefits, but it's taking them 3 to 4 months to comply. What entitlements? It's their lack of honesty and transparency and people count with that money when looking for a job. You will find out next year when a HR minion kicks you out, but with no package.