Thread regarding Intel Corp. layoffs

Any news as dawn breaks in PG/KM/CD?

Wondering what is going on? Several emails from key partners voicing concern last week.

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| 4313 views | | 19 replies (last May 3, 2016) | Reply
Post ID: @OP+HcWXnJo

19 replies (most recent on top)

If they offer me vsp with (N+3). I will happy to take it.

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Post ID: @1zhs+HcWXnJo

Almost the end of May 2nd, didn't receive any VSP email yet. Four more days to go in GAR for layoff, and 59 more days to go in GAR for project cancellation impact. Still long waits ahead .... :(

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Post ID: @hjq+HcWXnJo

anyone know about ISP same as VSP in US?

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Post ID: @yiv+HcWXnJo

not much isp from what i heard! only IR will get ISP. happy!

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Post ID: @ces+HcWXnJo

n+3 bonus .. what bonus is that? 13 month bonus or other bonus?

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Post ID: @wiq+HcWXnJo

n+3 means 1 month pay for every years (or part of it) of service, plus addition 3 months bonus, max at 34 months! For example - if you joint in Jun 01, 2000, then you have completed 16 years and 2 days by the time selection window is closed on Jun 03, 2016, so you will be given 20 months (17 months + 3 months) monthly base pay for the seperation

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Post ID: @ias+HcWXnJo

20 yrs in this company, provided me and my family the financial supports we need all these years and; is time for me to move on to the next chapter of life where I can devote myself more to the family and prepare for the retirement living without depending on Intel. Cheers!

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Post ID: @van+HcWXnJo

I think only IR candidate get ISP, SL4 or SL5 this year is VSP.

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Post ID: @fkt+HcWXnJo

Take the VSP while you still can.

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Post ID: @oio+HcWXnJo

dont think too much as you have SL5 last year. if intel layoff again 2 years later and give you ISP with criteria SL5 last 3/4 years, you will cry.

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Post ID: @mwn+HcWXnJo

What is n+3??

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Post ID: @nho+HcWXnJo

Yes, package is attractive, as its (n+3). I am contemplating taking up the VSP as I am close to retirement (but still not eligible for 75 rule).

Does anyone hear of PG/KM folks getting ISP?

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Post ID: @icd+HcWXnJo

That is what i heard PG mostly get VSP . is the package attractive ? (n+3) ? Also, you are senior person work more than 10 years? Hope you are ok with this offer.

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Post ID: @pfr+HcWXnJo

I got Successful+SSL5 in my last focal. Was expecting an ISP but got VSP instead. Having said that, I am not sure if it is possible they nullify my VSP and send me an ISP later. I hope it won't happen.

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Post ID: @tfv+HcWXnJo

Sorry to hear that you are receiving vsp offer, my friend, now you have a big decision to make...

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Post ID: @nux+HcWXnJo

Congratulation for the VSP offer. What criteria you met actually? Rule of 75 or subsequent 4 years successful focal rating?

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Post ID: @tcz+HcWXnJo

In Penang, just got my VSP offer in my intel mailbox at 7:31am today. I hope it won't be converted to an ISP later on this week....

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Post ID: @uwi+HcWXnJo

News? Yes, Liverpool lose again, hahaha

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Post ID: @tfc+HcWXnJo

Why only PG/KM/CD... why no VN?

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Post ID: @tdj+HcWXnJo

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