Thread regarding Intel Corp. layoffs

Wow. Saw MJ.’s LinkedIn posting about corporate VPs. Greg is Corporate vp now. Wow..I am out. Seeing all of the recent promos proves that the d-mb and d-mber show has finally become d-mber and d-mbest.

Life is too short. I really enjoy working with some of my smart, hard working Intel colleagues. They are the ones and the intel heritage that has been keeping this ship afloat. But I am exhausted by the charlatans, politicians, useless execs and their posse. I am tired of incompetent, constantly complaining, back stabbing colleagues. I prefer to work harder instead of dealing with any of them. It is a Herculean task to make them something useful.

I heard one exec said the highest turnover today was CVP level. Cry me a river. They should all be fired. How about some accountability…I wish Pat every success. I believe he is the right CEO and more capable than Lisa, Jensen etc… but I am losing patience and waited too long. I have no desire and no belief whatsoever these d-mbest people will make intel succeed.

Are the 7% raises complete? Entire Chandler, AZ campus gets 7% raise but not Ocotillo, AZ?

I also didn't get HR's bragging about "hiring a 1000 a week". Hiring to do what exactly? Make chips by hand to compensate for process failures? Did anyone look at the AMD and NVIDIA headcount? If headcount numbers by themselves are somehow relevant to a company's success, then perhaps "firing a 1000 a week" would be a more logical approach?

For the comp changes, there is nothing really transformational here, and with the stock dead in the water there can't really be anything such. Same for the promo's, when the only way you can help your buddies financially is by moving then into the next pay range, that's what you do. Totally agree with the other message about Greg L's org's promos: for some of them embarrassing (to the org) is the word.

This is bad for Intel, competition within a group will breed a back stabbing culture where there is no incentive to work together. You know the people that will thrive, it's not the people that we need.

Assuming that PG and CP are really revisiting "total comp"....you should see the diff in your total comp tables. Next March if i do not see a diff large enough between 2020 vs 2021...i'm out. No point staying when inflation is rampant and management is just talking and time passing thier way to retirement.

Tying OKRs to compensation is a no/no you will not set ambitious moon shot when people need the money to pay bills and live. This is a basic and of course intel does the opposite. Jajajaja

I just want to express my agreement on the post about "VP, fellow promos".

Personally, I always do the work for the whole team while I did not get anything for the year 2021, CTR or 7% pay raise since I switched a group this year, could not tolerate the sh---y manager who give incentives only to family and friends as we all know.

The new team is fine so far, seems finally I could get something next year according to today's meeting. Even been with the new team for just a few month, I pretty much take the tech lead role already, my check-ins are more than the combinations of the whole team of 8-10 people again, LOL. Came from startups to Intel not long time ago, still not get used to Intel way of working and its non-technical management structures.

Anyway, heard from a higher level manager (just a friend, not my direct management anything) today, they were told to evaluate people who could work instead of talk in the future. So could we still believe that Intel is turning back to the right directions, just give it a little more time and see how it goes?

I was planning to use the holiday break time preparing for interviews before today's meeting ......

I was glad to see that Pat is at least trying to find a solution. If we had Bob or bozo the klown, we would be talking about more dividends and share buybacks (Bob) and buying sh-t drone, wearables (do you remember the clunky basis watch or some bozo language company in Spain), AI slideware companies (BK - bozo the clown). I give Pat credit for trying.

But I agree that what Pat doesn’t understand or fails to see is that Intel’s real problem is it’s VP level and above leadership - rotten. These people hire and promote their senior leaders, director, sr director, PE etc. Pat doesn’t understand that these people do not care about results, outputs. If you give them more tools to reward, promote employees, they are going to continue to promote their friends, family, loyalist. That’s what they do. OKRs are meaningless if managed, judged by these people.

Just look at the VP, fellow promos… I know some of those people who got promoted have not created any results, let alone strong results, impactful results. Their value to intel is actually negative. Some who got fellow promos have been doing phony work I.e. tslrps etc. just look at the promos in Greg L org, Joe my god… friends and family network…what I don’t understand is how an outside person like Greg with software expertise can be fooled by these people. Is he listening to the internal people or is he clueless? I don’t understand how else he can promote these people and give them more responsibilities.

Promos in Data center and AI group were given to 2 people in optane org. How did they get it? I am sure it if not because of the stellar results they generated for optane. Results, OKRs meaningless words. Pat can talk and I believe him but our leaders are not walking the talk. It is quite the opposite. Intel doesn’t reward results. It was ironic to see Pat and Christy’s video on the same day as the VP/fellow announcement. Most of those people have not generated results.

I work with many people at intel who actually do real work, create results. unfortunately they work for leaders who do not care about real work, who don’t have any expertise, knowledge, expertise to appreciate their work. It is stunning how we continue,..

I am not optimistic. Sorry

it takes a pretty sharp cleaver to affect old Intel meat, so this ain't gonna do it.

I will leave no matter what he is trying to say. This guy must go

probably a tactic to stop n00bs from leaving, not going to affect old meat

Mostly BS to pit employees against one another. Great way to compete with out real competitors, this ship is doomed.

90% will lose 25% of their APB

For most people, it will probably be just a few percentage points anyway, but the bigger problem is that any individual performance incentives they are trying to introduce would have to be defined and distributed by the same infamous Intel mid-level management layer which drove the company into its current muck.

Its kool aid
Annual APB will be 25% less if you don't meet your OKRs. Top 10 % will get 1.5x bonus so that is about 2 ppl per team, let the rank and yank games begin. Hiring 1000 ppl per week seriously what the fu-k for. None of this saves intel we zero chance of beating AMD, nvidia or TSMC, Pat can talk and beg and talk some more but that is all he has got

From peanuts to a little larger peanut

This all sounds too good to be true so I’m skeptical that it’s true, hence the question.