Thread regarding Intel Corp. layoffs

Cost reductions not Layoffs a Problem

To many reductions of expenditures rather than labor now, this will equal a big problem next year and the year after. Layoff now or layoff more later in a market that will be more difficult to obtain another position. VSP / ISP packages will only get worse and less lucrative for the employees.

For IT employees read what Pat is saying “move to 3rd party IT services”. This = outsourcing of IT in 2023

That VSP is looking better

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| 1641 views | | 2 replies (last November 4, 2022) | Reply
Post ID: @OP+1jxbbtA1

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Looking forward to the “ Modeling/volunteer tool” to open up.

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Post ID: @zsl+1jxbbtA1

It is pseudo-voluntary: your business unit must be doing headcount reductions in order for you to volunteer. I realize many groups will have this “opportunity” to volunteer, but not all.

I can appreciate trying to hold on to folks if you can, and yet the overall budget cuts need to be pretty massive.

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Post ID: @tsb+1jxbbtA1

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