Is Intel known for laying people off close to retirement? I know IBM is known for this but somebody told me recently that Intel's been doing the same thing, just not at the same scale. I'm nowhere near retirement, I'm just curious if this is something that happens on the regular?
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All intel employees deserve what is coming to them.
Anybody who isn't prepared to lose their job in the current environment is a fool.
I wasn't after the 2008 boondoggle and when I got laid off at a different company, I paid the price and almost lost everything.
Bottom line - with Intel's history, if you are not prepared for this, you have no one to blame but yourself.
Age discrimination, caste discrimination, racism, s-xism... This disgusting company has it all. It shot itself in the foot by firing the most experience and competent engineers through rounds of ACT. They thought that replacing them with cheaper foreign labor would boost the bottom line since there was no competition. Worked great for a while and stock skyrocketed. BK got to cash out on this cheap move. Then AMD, Arm, Apple, TSMC, Nvidia started innovating and executing and suddenly Intel needed to do the same. Only it couldn't because they fired the most experienced people to try to cut costs. To try to make up for all the discrimination, lawsuits, and attrition the company did a 180 turn and went woke. It hired anyone even more unqualified people just because they were the right gender or skin color. Management is somehow shocked that the titanic continues to sink. It goes on a buying spree, throwing money at anything to see what will stick. Meanwhile. completely lacking and strong leaders or competent tech talent the existing employees take advantage of the dead Intel carcass. They all do the so called "quiet quitting" or "coasting" to milk the company for a paycheck while contributing nothing. Stock continues to crash towards the 20's. Leadership and BOD are still confused regarding the problem. Perhaps they can look back to see that it started with the age discrimination and spiraled down from there.
Be prepared this company doesn’t care about anything but the bottoms line.
20+ years and three promotions, kicked to the curb due to first level 4 stock. Bosses where the model of love, gave me the courtesy of 5’ exit interview, what a company.
This company and management has no ethics nor moral fiber, just a POS. The sinking couldn’t be more deserving.
Intel wasn't so smooth in covering up their hiring and firing pattern. The EEOC found evidence of age discrimination from the 2015 layoffs. The year following the layoff Intel failed a government OFCCP audit for hiring data from 2016-2017. The OFCCP report said Intel was discriminating against a few protected classes in comparison to Asian ethnicity for factory and software engineering jobs (India is reported under Asian ethnicity). So as Intel used the 2015 layoffs to purge American 40+ workers they brought in so many Indians that it failed an OFCCP audit. An example of the environment can be explained by the lawsuit of Ryu v. Intel where Indian managers said they preferred to hire young, single, males of Indian National Origin in their hiring decisions. The problem at Intel is that they seem to ignore bigotry if its being fed by foreigners. My question is has this bias led to successful company results or has it led to the company's decline?
https://www.mercurynews.com/2019/07/19/korean-american-software-engineer-claims-discrimination-by-intel-managers-of-indian-descent/
They definitely cut future retirees for various reasons (save $$ outflow, enable binge hiring of cheap alternative labor, etc.). They also cut enough others to make the data pattern less clear (and more defensible legally). Keep your knowledge broad-based as well as on the leading edge so you are ready to exit after you reach the Rule of 75 — or before if that becomes necessary.
YE! They did it to me!!
Worked there 17 years. Got the layoff package 6 months before I qualified for the rule of 75 in 2015 layoffs. If this wasn't planed, then I don't know what is. I had a job lined up closer to home the first week after layoff. No more layoff stress. You are cursed if you work for Intel
https://www.pdx-tie.org/2021/02/the-federal-equal-employment.html?m=1
Keep yourselves sharp. Every employer want to make profit and more profit. Not just Intel. If u have valuable skills, why worry?
Intel layoffs are primarily race based. Third world subcontinentals are safe.
Yes, Intel is very gulty of targeting older and long term employees in layoffs.
YES. Age Discrimination is often hidden by HR and "Leaders" stating that the company can not afford the expensive 20+ year BB employees so they are "re-deployed" or simply let go. Make no mistake that this is age discrimination hidden as cost controls or cost reductions. There are law suits against Intel for this but HR knows it is easy to settle law suits so the behavior continues.
Absolutely intel does this and will replace you with a couple of H1Bs. Be prepared and plan ahead.
techs are let go by age 55
I wish I could see what Intel HR goals are to hit their bonus targets?
Intel have always selected over 50s for laid-off.