I watched the culture deteriorate in real time. I still mourn the place it once was. It's unrecognizable today. The only reason why I stay is because I'm close enough to retirement that switching jobs now would be too much of a complication. I'll suffer for a few more years, but I pity those who are stuck here for other reasons.
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I retired from Intel 10 years ago and ended up with FAR more savings than I would have ever imagined possible. The nasty younger people who infest this site make me glad I retired early and got out when I did. Society has gone to he-l along with Intel.
What better places?
All companies are being ground down and hollowed out.
And just because you have a high stock price does not mean that you do great important work or ethical for that matter. One should be paid by what they contribute. Contribute little get paid little. We can start with the overpaid upper levels of management and the foreign knee bending drones. But I am afraid it is Wall Street's immediate need for "profit" no matter what the cost that is the problem.
@2xow
Who said I wasn’t old?
Old at Intel, more often than not, means someone on the monopoly gravy train counting the days until retirement. Dead weight.
Most of the great engineers of Intel’s past have retired or moved on to better places.
It’s just a fact.
I’m one of them by the way (over 50).
"Old does not necessarily mean good."
Old created and produced you do not.
Sorry, actually you produced a lot of people
which can control comment sections.
1and+1rgO0S0F: u and nellies are prime examples...
Old does not necessarily mean good.
Lots of good and old engineers have already left.
Be honest and compare the quality of engineering at Intel vs other places which, by the way, also have old engineers.
Old engineers make good soup and good mentors.
MBAs destroy old companies.
Sounds like you’ve been there a long while. Did you save any of you money? Did you invest wisely? If so, get the heck out of there, the boat is sinking. If you didn’t, it might be too late for you to retire comfortably. Better start looking into your options now.
Intel - a retirement home where old people ‘wait around’.
It’s so pathetic.
No wonder Intel is such a sh!tshow.
I guess that’s what you get when you’ve had a monopoly for so many years.
Guess what? The monopoly is over and you actually need to compete with hungry competitors coming to eat your lunch.
Some of these posters are correct. You are dead weight.
This post tells the story of some of Intel's problems. Long term and most likely very expensive employees who instead of spending their careers keeping Intel competitive are dwelling on the past and wishing for the good old days to come back... Wake up, 1999 was a quarter of a century ago. If you are just going to sit around and wallow in self pity than leave and open up an opportunity for someone who will work hard to help the company compete in the current environment. The board of directors has the same delusional view which is why they hired PG to get back to the good old days.
Keep in mind Intel took a $1.1+ billion charge Q4 23 for restructuring. I suspect that they will start spending that real soon. See some of the other posts hinting at layoffs in late Q1/early Q2. Better have a plan B if you were expecting to sit around for a few more years collecting welfare.
"Retire and make space for energetic ones who can drive better."
You are attempting to drive a car that someone else built.
That is parasitic.
You should create your own car and drive that.
Where is there evidence of that?
Also those folks competed in a society where you had to produce and create
in order to survive. Not like this government run cheap labor garbage that basically
hollows out companies in the long term for short term money/gain that we see going on today.
I was four years away from collecting a retirement package when I was laid off. But four years would have felt like 100, so I wouldn’t have made it anyway.
Fortunately, I made some wise investment moves like selling INTC RSU’s and buying into AMD and NVDA, and on track to retire when I plan to.
I was fortunate when I left in early 2023. I was going to retire anyway but then Intel gave me more than a years pay (~30 year employee) plus medical to leave. I ended up better than if I had stuck to my original retirement. I feel sorry for my peers left behind. I had many saying they wished they could have retired. It's definitely not the same company I had started with. Too much make work for managers vs. work actually driving products and revenue. Also the amount of bad managers was crazy.
@vbb yes IFS may live a few more years with life supports but I promise you it will not be fun.
I am also in same boat. Seen same things as OP
Same with me. Need to ride a few more years then retire. Hoping Intel will make it just long enough for me to do that. IFS is a failure of a strategy.
What would you do to change to go back to its early days? The retiring employees are hurting more with low energy and bureaucratic processes. Retire and make space for energetic ones who can drive better.
Yea, whoever made it to foundry side will last a few years with government blood transfusions and life support.
I’m in the same boat.
A few more years…wonder if you’ll make it?