Laid-off employees will receive a minimum of two months' pay, according to the memo, plus extended health insurance and additional payments -- based on their time with Intel -- in exchange for release of any claims against the company. Intel's memo indicates the company does not plan to announce the cuts. "We will not broadly communicate the program internally or externally," the memo reads. "We are primarily communicating only to MCM (management committee members), senior leaders, people managers, affected employees, and the direct managers."
12 replies (most recent on top)
to Anonymous106944 :
Sure each one on the board will get a job, so long. Your turn to turn this board could be around the corner.
Hi, its me the troll who posts 1/2 of the anonymous comments on this site. Today I decided to go back on my meds. So at least for today I'll try not to kick people while they're down. No promises about tomorrow. :)
Anyone have ideas on how to negotiate a better severance package - without getting a lawyer?
The local media will provide coverage and pop corn during the carnage
It will be broadly communicated on Monday after the fired employees tell there friends
And H1B Indians
Intel IS for thugs and G's!
Interesting tale being told by some thug Intel employee. An easy Google check shows Intel has just under $12 Billion dollars in cash. But there cash flow is below the zero line (which is why there will be layoffs).
Intel is in debt up to their eyeballs. $12 billion plus they owe Uncle Sam another $3.5 Billion plus they just agreed to buy Altera for $16 billion with cash they don't have so they'll have to go into further debt. Intel is imploding.Desperate companies do desperate things. Overpay for acquisitions, fire employees, foul the air with fluoride, go into debt like there's no tomorrow.
Meanwhile technology is whizzing past Intel and leaving them in the dust.
Banks are staffing for waves of foreclosures and repossessions.
Good luck
Get a job
Now everyone knows