I joined Intel 2 months back in the middle of layoffs. I have another offer for 13K more from a well known company. Should I quit intel and join the other. The other job is more stable. And Intel's bonus may or may not pan out. Advice?
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Yes, Intel does not do the defined minimum pension or Serma for new employees anymore. Find a better company!
First of all there is no 401k match, so nothing there to wait for to 'vest'. Second, 401k's of your own don't vest--they are yours from the get-go since they are funds you comtributed. You just have to wait until you are 59.5 years to take it without penalty. Intel has historical provided a separate retirement contribution, which has been steadily declining every year. You are better off going to a company with true 401k matching or a real pension.
Intel is undoubtedly the best place to learn what NOT to do
run don't walk out of intel
If you are a manager it's ok to drop the soap, give an AR to the engineer to pick it up.
this is perhaps the most important tip and advice to any new Intel employee:
don't drop the soap
I quit my first job out of college because I couldn't stand the culture. Why wait a year when you know it's wrong, and when Intel could terminate you when the probation period ends or at the next quarterly review to meet some headcount target. Don't even bother to put it on your resume or if you do, you'll get respect for quickly recognizing the situation. You're not showing a history of 2-3 months at 5 different places after all.
Besides all else, Intel's problem is that it has no leadership or strategy. It could fire 50,000 people and that would only address near term P take advantage of the opportunity now and GET OUT OF INTEL.
Take the job and go. You might end up being a savior for another Intel employee. You are young and being an RCG, you can span out your career anywhere else.
If you got an offer then go. I wouldn't put Intel on your resume since it was only a couple months. More money. Stable
You are young. You can take chance because you have time to recover.
Do what is best for you and your career. Only you are the captain of your own ship.
And as growth can progress exponentially, so can decline; as Hemingway once put it: “How did you go bankrupt? Two ways. Gradually, then suddenly”. Users have already shifted to mobile and with software and hardware vendors following suit. Continuing to run Wintel applications is becoming a liability because the vast majority of them can run only on Wintel.
Stay at Intel. Get kicked around like a dog until you feel you can't take it anymore and then get another job after everything you know about yourself has been compromised in someway by the ruthless warlords.
OP, I would stay where you are, especially since you only started two months ago. You will look unstable only staying at a job for such a short amount of time. Also, you don't know what kind of problems you might encounter at the other company. No place is perfect. Better the devil you know, then the devil you don't know.
New Employee:
evaluate the culture of the other company and ask yourself if you liked the people you met there and if they seem happy being there. Consider the kind of work you will be doing at each company. If these factors are equal move to the other company. If there are significant morale issues at the other company and you will learn less in that job, then stick with Intel and start looking for a job somewhere else right away.
Young man, put aside the fact about sun-setting PC industry. Server business although profitable, is seeing threats from many fronts. Forget about the fact that top leadership have the IQ low enough to think that Mica Bracelets will sell, shamelessly flaunts 100 flying drones.
Intel has an acid culture that will strip of every ounce of greatness u may have. The management only cares about your actions in the company that can be articulated in 3 paragraphs of 'accomplishment' every year during focal.
It doesn't matter if you pisseed of the customers, it doesn't matter if your products and services are not on par with competitors offerings. All that matters is your manager can represent you during focal debates and make other managers think that your contribution is valuable to the company.
It also doesn't matter if you can invent a computer that can cure cancer, if it can't fit in the 3 paragraphs during focal and if your manager cannot understand what you have done, you are hosed.
Don't take this path to rot-ville , there are better careers out there.
The difference between Apple and Intel was who was leading it.
Apple had Jobs, any questions?
Intel has BK, it would be totally different if there was a Noyce/Grove level brilliance, but sadly there are currently no up and coming genius or future legends at intel, most have left or been beaten into submission.
GET OUT
I will find you and kick you our of Intel.
This was also great advice for Apple employees back in 08. Sell your stock and get out while you can!
The key word is "stable"
10-20 years ago Intel would have been a good bet even for less money. These days Moore's Law is at an end, x86 relevancy is done, Intel is struggling to find the next thing to grow.
GET OUT!
Better now than down the road when you have more to lose by leaving. You get 3 years under your belt and then its not so tempting to seek better opportunities when you see you are so close tog getting an extra 1 month vacation the next year.
Why the fack not?
I feel bad to quit after 2 months as a new employee. But 13K is a lot of money to ignore. and 401Ks will not vest soon. I may retire after 3 or 4 years, and cant afford to be without any job for 3 to 4 years. Intel can lay me off after 1 or 2 years. I will resign next week. So sorry. Bye Intel
Intel won't give you anything your first year. Then they start making contributions that have a vesting period.
I'd go with option 3 with the company that will offer 16k more.
401K Question. Does Intel match? Or it is from the bonus? Is it vested immediately? I am new employee
If you have to ask, you're an idiot and are the type of f---ing moron that has taken the jobs of experienced and dedicated performers. Stay at Intel. You deserve each other. Moron
New employee but 5 to 10 years from retirement. Here in the Bay area.
Are the two jobs in areas with similar costs of living?
Are you a new grad or someone with a lot of experience? For new grads I'd say its best to be switching jobs every 3 or so years for the first couple jobs if you want to be climbing the salary ladder, even if its within the same company. I'd say pick the job that has the best chance at developing skills that other employers will want.
I'd say you need to be sure to research more than just the $$$. I've been given offers for more at other big name companies. Then I see the reports/hear from people that have worked there about the constant overtime pressure. After 5pm its a ghost town at my campus and the times I did come in on weekends it was empty too.
For any 'well known' company there is going to be a huge variation on work environment/stability depending on what group you are a part of.
All things being equal (benefits, 401k match, and others), I would take the $13K in a heartbeat.
But DO NOT be persuaded to stay once you tell them your plan to leave. If you stay, you will be "on a list" and they will fire you next time just out of spite.
Leaving on your own terms is always best.
They have no loyalty to you, treat them (and all employers) with the same level of mistrust and contempt and you will never be disappointed.