Suspension of merit increases for 2023
Suspension of Quarterly Profit Bonus and QPB+
Suspension of recognition programs
Reduction of 401(K) match
Base pay reductions
8 replies (most recent on top)
Honestly the QPB would have been zero or negative anyways, sucks that it is stripped as it may never come back, it was a nice bonus/incentive, especially on those healthy quarters.
Merit increases suspended is ki-ler though. It is driving away highly sought after talent at Intel, makes me inclined to be a little nicer to the head hunters. Already many good colleagues of mine have took the bait and put in notice this last week (Already had offers in the work but were biding there time, this got them off the fence). Likely the intended reaction (Voluntary HC reduction with no package), but as many post have already stated, we will lose top talent. At least with CPM they can select who goes, yes they will and do make wrong decisions but even that is better than this net negative approach.
The best talent is going to self select to higher compensation and better opportunities outside Intel.
Investors who are in this stock for the dividend are d-mb money. The IFS strategy means the variance of outcomes for $INTC are so wide as to make the dividend payment meaningless. This stock is either doubling or halving and I'd say the odds of doubling are under 5%.
Suspension of sabbaticals coming soon?
After Q1 or Q2 results..
Did everyone miss the part about how “equity” increases will continue?
Suspension of vacation hour is needed.
Gotta maintain that dividend and keep the shareholders happy.
Is QPB reduction for full year ? Good lord
Oh no, the sky is falling.
Echo Echo Echo...