Thread regarding Intel Corp. layoffs

What happens if I decline the VSP offer?

Do I get laid off immediately before the end of June? Or can I stick around until the next Focal cycle?

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| 2737 views | | 11 replies (last May 11, 2016) | Reply
Post ID: @OP+HkNHCh0

11 replies (most recent on top)

Next time they could just say...

Enie meanie mine mo... it's your turn to go...

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Post ID: @1pri+HkNHCh0

If they don't get the numbers then all bets are off. There might as well be no criteria. The criteria is just there as a kind of pretense that nice is still being played.

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Post ID: @1mdl+HkNHCh0

the thing I still don't understand: 5% are ir and a corresponding are outstanding 10% or so are (or used to be ) be and 10% are ee. that leaves 85% at satisfactory. and many of us have been in the same paygrade for a while. ssl 3. every year I write my focal and my manager signs it. They (bk, mcm, smurty etc.) cannot convert some percentage of that 85% into 40% of the population who got vsp to isp can they? so again....please INTEL just tell me what the criteria is. Let me know what the bar is, and then I will either choose to try to meet it, or I will find employment somewhere else. It is the bait and switch that is annoying me...

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Post ID: @1mcq+HkNHCh0

I think it depends on where you work; working for a larger group may be less of a risk (unless you have a bunch of asslicking co-workers in your group)

Good luck; regardless of where you are within the company we all will need luck upon us if we're with this "GPTW"

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Post ID: @chx+HkNHCh0

How many VSPs are offered in all?

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Post ID: @jkc+HkNHCh0

If they won't reach the target by end of June then they might offer some ISP to some VSP candidates. (Not all because VSP is a big chunk).

So my best guess is 50% chance you might get ISP this year otherwise you'll be ok as long as there won't be another 12% next year.

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Post ID: @zys+HkNHCh0

It's a gamble to stay as far as I can tell 'they' don't even know what will happen yet.

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Post ID: @zkr+HkNHCh0

Back of unemployment line

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Post ID: @zus+HkNHCh0

http://www.oregonlive.com/silicon-forest/index.ssf/2016/05/intel_warns_employees_take_the.html

....I dont think you got the memo....... explains clearly

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Post ID: @fjg+HkNHCh0

my GUESS: if they do not reach the target, you will be fired pretty soon. Otherwise it will be next year most probably

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Post ID: @rwc+HkNHCh0

sooner rather than later.

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Post ID: @unh+HkNHCh0

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