You heard it here first over two months ago
16 replies (most recent on top)
@tff, the vast majority of people who left in 2016 did so voluntarily. The company has steadily declined since. Its performance fell off a cliff last year. Management has made at least 2 mistakes, you were hired and second you are still here. Former employees are still watching this site because the dumpster fire that Intel has become is so entertaining.
The Chips money will be funding the Cobra payments.
Search jobs on line; open req's for internal and external manufacturing jobs. Not sure why they wouldn't just keep these for redeployment pool if that was the case.
There were rumors more people weren't fired in Q4 because there was no cash for the packages. Perhaps, with decent earnings the situation has improved.
Confirmed. 2023 will make 2015-2016 ACT look paltry in comparison.
WooHoo!! Va Cation!!!
Get help nellies.
Is it a layoff for sure this time or more offshoring disguised as a layoff?
I don't know anything about planned reductions, but if Intel wants to provide 9 weeks (typical) of redeployment and then have those impacted off the books by the end of Q2, then they would likely announce Q2 layoffs on 4/27 to have the reductions completed by 6/30.
Thanks for your daily BS comment, HR troll @tff
Even if intel beats results there still be layoffs. XNE and client teams are safe. Manufacturing, AXG, finance, HR are primarily targeted I’m guessing. It’s common sense they need to start saving 8-10 billion in 7 months heading to 2024
I'd be willing to bet against you, there are several clues pointing to results beating expectations. Let's wait and see...
There is a shortage of Engineers and an oversupply ofManagers
Impacting what's left of AXG for sure, good luck all.
Hey, will this affect PSG??
Will they open it up to Manufacturing this time?