Dateline: 1/31/2023
Intel said it had made broad cuts to employee and executive pay. The reductions range from 5% of base pay for mid-level employees to as much as 25% for CEO Pat Gelsinger, according to a source quoted by Reuters. In addition, vice president level employees will see 10% reductions and the company’s top executives other than the CEO will get 15% cuts.
Source: Reuters, https://www.reuters.com/article/intel-compensation/update-1-intel-slashes-employee-exec-pay-amid-pc-market-downturn-idUSL1N34H05Y
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