I took a package last Oct and today I just got a deposit from Intel.
Anyone know what the deposit is for?
12 replies (most recent on top)
@h5--Yes there was a 401k true-up. End of January there were deposits for Retirement Plan and 401k for those who qualified (In the US). Also, APB was paid out today for retirees who were not part of the mass layoff.
I was CPMed on July. Right after next week, I got new job. Now I got twice as much last year perf bonus in other company. Still tanks to Intel but sorry for remaining Intel friends. It is time to change ship
👇 There is no 401k true-up. The question has been asked on here before.
Prorated APB. Was told it would pay Tuesday. No word on 401k true up.
It's hard to describe how good it feels to be paid 5 figures for doing literally nothing before and literally nothing after "ISP" i.e. Repeat High Performer, while being handsomely paid for a better company within a few days after. This company and its ridiculous managers deserve nothing less than to be bullied by TSMC, Caulfield, DOGE, and the current administration in power of which the majority of the country voted for and refuses to acknowledge.
Good riddance. I need to get back to powerpoint now.
Well, it helps 3 of my mortgages!!! 😊
Nothing for me yet. ERP 9/30. Not even in workday. As a button pusher I don't expect much; gas in the car, dinner, a refill of a medication. Can't complain; no more intel stress! No more crazy schedule! No more dealing with lazy coworkers. Life is good!
APB. This should be the last payout Intel owed the people who took vol/invol layoff. Now go out there and live your best life people.
Will help pay the mortgage for another month! Thank you Intel!!!
I am Grateful for this
I believe it is prorated APB. APB payout was 46% and you would have received 10/12 of it. The %-age of your base is a function of grade, etc.