Thread regarding Intel Corp. layoffs

Extended Voluntary Leave happening Q2 2023

Recieved email today about E-L Q2 2023. I did not receive the offer last year. If eligible will get follow up email Monday. My fingers are crossed. I need a break.

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| 4389 views | | 10 replies (last March 27, 2023) | Reply
Post ID: @OP+1lAm2V3t

10 replies (most recent on top)

OP here. My leave was approved and I am looking forward to the time off. I hope to have the same manager and team when I return.

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Post ID: @gzgv+1lAm2V3t

@Snowflake

Don't forget your vacation accurment will be effected, severance if based on annual salary will also be effected it it comes around too.

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Post ID: @4epn+1lAm2V3t

OP here.... this offer was for TD nonexempt and grades 3-6. I imagine Q4 2022 offer was the same for other factories. Significant paycut for me if approved. I doubt many will put their hat in the ring. I can make it work as long as I have a job somewhere. I'm severely burned out.

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Post ID: @3nbc+1lAm2V3t

So in the current economy of record inflation, how do they expect employees to survive? Use savings that they’ve been burning up to cover the delta in pay vs the new normal cost of living? Sell their company stock holdings at a loss?
Management has totally lost touch with the real world if they think they’ll get a lot of takers for this.

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Post ID: @1fxf+1lAm2V3t

Did you have to apply and what was the application process like? I would be interested in Q3-Q4 but I don't think they will let me.

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Post ID: @kqb+1lAm2V3t

They would get more uptake to offer 6 months off on half pay than 3 months of zero pay

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Post ID: @vvi+1lAm2V3t

Need more fabs though, yikes!

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Post ID: @vph+1lAm2V3t

Lesser evil to do nothing than churn out cr-p

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Post ID: @wcx+1lAm2V3t

Oregonlive reported on Feb 22nd: "Intel is offering thousands of manufacturing employees three months of unpaid leave"

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Post ID: @exs+1lAm2V3t

which group and BU?

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Post ID: @msf+1lAm2V3t

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