Today Pat said he wants employees to work for free because employees are so passionate about the mission. What's he smoking
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Like salary and compensation is Intel’s problem.
Intel cash flow is still the envy of the industry.
What is astounding sad is the value they get from their people. Making them work for free does 10nm failure or 7nm look better? Does And VP or SVP announcement of a product slip look better ?
People working for free are called slaves… they built pyramids.
How much you want to bet that these new guys leave in two years just like JK.
"Today Pat said he wants employees to work for free" .. no he didn't .. fake news.
very diaster to say this thing what if the stock bonus never goes up so these engineers are trying to survive even harder? LOL get real Intel has money but they unable to feed engineers. Amazon is getting over $3,400 a share 2x the rate when working at Amazon. Also, take Google as a good example will yall? Pat will start bringing back only retire friends.
If I am paid by performance bonus stock, like most CEOs and exec where their stock earnings usually much higher than salary
In that case, I have the same thinking like Pat, where we can afford for free or $1 salary. Stock earning weigh much higher incentives
Definitely can see Pat is out of touch... still thinking Intel is the "cool kid" where they can get away with paying "market rate". The superb engineers continue to leave Intel for better pay/conditions and Intel is no longer the only place to work on "exciting fun stuff" in microprocessor design, validation, etc. If Pat/leadership was serious about getting back on track, they would empower managers to re-hire/retain the engineers who actually doing real engineering work by paying them 2x above market rate VS hiring yet another VP/CTO...
GPU?? LOL
The GPU team is going to save intel!
He is totally clueless as to what happened in last 10 years while he was at VMWARE. Competitors gotten stronger. Lost Apple's desktop business, Losing server market share to AMD. Foundry business had not one but two spectacular failures in the past. How this IDM 2.0 saves Intel that remains to be seen. With employee morale all time low, how can he say something like that?
I know that Pat did not literally want people to work for free, but I don’t think he knows what life is like in the water fab. Many others and I left there really quickly for other organizations. I do think they are working on this, but not fast enough for the average employee.
Disconnect between him and others. He might think the work is great and that people would like the work so much that people would work for free. On the other hand, people do not think the work that great to work for free.
The fact that he said this indicates he is not in touch with the company or the employees. Someone should advise him to read the posts on this site and others like this one. Most sites have Intel scoring ~ 3.4 or 3.5 out of 5 on various relevant categories, with ~ 34% current employees NOT happy or would not recommend working at Intel. Surprisingly, diversity employees rate Intel poorly also. Intel cannot regain greatness with 1/3 of the workforce unsatisfied and unhappy.
if Pat really cares he should work like Google CEO for a $1 annual salary this Pat really trying to take advantage of Intel's situation. He knows Intel was in trouble during Bob Swan's assignment as CEO. He loves to ask for more benefits. Why not pay engineers 2x more like at Google, Amazon, etc.
An Intel CEO giving 50% of his $10,000,000 income still brings home more than 99.99% of Intel employees. Even Queen Marie Antoinette just asked her subordinates to eat cake, not to work for free.
VMware CEO Pat Gelsinger gives half of his gross income to charity
Corporate Service must have added some interesting ingredient in the free coffee in RNB today.
Basically telling everybody if not happy with your salaries then get the F%K out. They cant pay all the dead beats more $$. Intel is going down FAST folks.
"Highest paid Intel CEO ever doesnt understand why people want competitive salaries."
Looks like the compensation strategy is to shame people who want market rates as "Not true engineers" or similar BS
Since he is so passionate, shouldn't he lead by example, being the first person to work for free?
Yes, he sure did today and employees are still scratching their heads.
He actually said that?