Thread regarding Intel Corp. layoffs

You must be joking. Number of coasting old-timers who lost all drive and ambition in mid 2000s in Intel is astounding - the company was always the place to rest and vest with great job security despite medicore pay. Not anymore though, it will shrink significantly in the next few years.

@1kk, I'd agree that the GE-way created a toxic environment, but so does organizational decline brought on by the new performance methodology.

Exhibit A: I recall people refusing to take vacations because other people on their team would steal their projects.

Exhibit B: managers and coworkers screaming at each other in meetings.

If schools want to give a prize for merely participating to everyone, go for it, but any business that wants to remain competitive HAS to be able to terminate the bottom rank.

Companies that do this are then able through their success to offer the remaining employees more salary and benefits. The money comes from being being competitive enough to demand an above average profit margin.

There is no magic money tree.

This isn't just an Intel thing - since at least the 80's, any loyalty from any company has been flushed down the sewer. Employees owe the employers nothing and should act accordingly.

And, no, Unions are not the answer. The answer is to shop your skills around every few years and make the employers nervous.

they go through layoff cycles.
then the years following the layoffs they hire more people and eventually end up with
a lot more than they had before the layoff.

the culture of laying off the bottom 10% contributed to the current state.

Teams should be rewarded for results and elevate all. When people came to Intel in the 90s/00s and learned that you have to brag about yourself every year and do whatever it takes to get ahead and stay above the cutoff, it led to the toxicity that paralyzes innovation. Why help your teammates if you need to have some people at the bottom?

Intel tried to get away from this, but management was incapable of setting goals and inspiring teams. Just think if Larrabee would have been given a chance? You see the positives, iterate and improve. NVidia did not nail it out of the gate.

You take one risk at Intel and land in the bottom 10% if it doesn't meet all the goals.

It’s true I was there 25 years and every fews years there was some kind of layoff.

Thanks for the repost.

I think Intel has the right pressure on it to do the right thing. Now we get to see if that can happen.

The company needs a huge shakeout of the Board and most upper management.

I'm sure there are lazy workers but they exist everywhere, and are eventually weeded out by performance review.

Intel really needs to go back to laying off the bottom 10% of the workforce, one of the few things that Jack Welch did not mess up at GE, and it was previously practiced with zeal at Intel, sometimes even at higher levels of the org.

It gets worse every year, if you are in the low levels, it’s just BS. And less pay than the contractors. The contractors will make 100 an hour watching YouTube all night.

New college graduates should stay away from Intel.

At one point in the 90s I think the 401K contribution was like 12% or more? Stock options were plenty, quarterly events were epic, travel and food expenses were basically overlooked.....now today...the coffee is scrutinized and no more anything. This is a dying company folks.....for those hoping to join Intel....DONT.