This layoff is politically motivated and appears to be all part of the so called "far-reaching diversity initiative, promising to hire, promote and retain more women and underrepresented minorities" that was announced in Jan 2015 - http://www.engadget.com/2015/01/06/intel-promises-to-hire-more-women-and-minorities/ How can a company do that if management is under pressure to keep the same headcount? One easy way is to layoff. However, the criteria picked for layoff based on focal time stock level grant is fundamentally flawed for most rank-n-file employees. The difference between SSL levels is very small for most such employees, amounting to less than 50 RSU's. During focal, some employee chose not to contest based on SSL grant and make a big deal out of it over such a insignificant part of total compensation. They are the one targeted for this layoff. Agree with comment made by Anonymous111831 - next focal, there will be nightmares for managers and HR as by this action employee are encouraged to haggle for SSL or face future layoff.
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LOL
I heard there is one more ISP coming in the next month or so.
yeah, I love the VSP's they offer, 151111. I'm hoping they offer one about a year from now to coincide with my plans for early retirement. :)
Weird. I have never worked for a company that tries so hard to encourage people to quit than Intel. Most other Silicon Valley companies I have worked for just has layoffs when needed without first doing VSPs, etc.
Very true, 151064. I know people that have only worked at Intel for close to 2 decades that want to go, but are afraid to leave. Honestly, the interview process outside of Intel will be a breeze compared to how they interview here, and for internal candidates no less! lol
True dat. Many of my Intel colleagues have not worked for another company in many years, so are timid about what else is out there.
Intel has been the only one I have been with since graduating from college 15 years ago. I am scared to leave. BTW, Intel is my wife's name.
True! New job, new life.
Just leave this company and you be much happier. Believe me I know. My life has changed since leaving Intel.
Here's an idea... how about those that take more than 1 piece of free fruit? lol I know a guy that takes a half dozen a day.
Hey now, don't give the Intel pricks any ideas.
Because of the backlash, Intel will think of other ways besides SSLs to do layoffs. For example, if you have been in the same pay grade for over 7 years, you are on the ISP list. They can also lable this as a "performance based" layoff.