Thread regarding Intel Corp. layoffs

Chances of getting ISP if I don't accept the VSP

I had "successful" for the last three years, "exceptional" for the year before that and was always getting my stocks. I got VSP but not sure if to accept it. My manager doesn't want me to leave but I understand it is not in his power to protect me.

Can they VSP me if my performance was never below "successful"?

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| 2462 views | | 14 replies (last May 23, 2016) | Reply
Post ID: @OP+HwhzxsD

14 replies (most recent on top)

Yes, you can get ISP, don't kid yourself by thinking otherwise. How long in grade? ~4 years is the limit. HR will just adjust their database query to snare up more "under performers"

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Post ID: @1yax+HwhzxsD

Everyone that is at the company is hoping everyone takes it. Thus BK and Richard hit "the number" and otters can stay. Who cares some groups don't lose enough and other too much, this is management by numbers not reality and need.

Get out with the best you can as the company do t give a flying f**k about the employees

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Post ID: @1far+HwhzxsD

It's out of your managers hands. Your manager has no say in VSP or ISP. You need to do what's best for you.

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Post ID: @1xul+HwhzxsD

Yes they can give you VSP if you were never below successful.

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Post ID: @1doo+HwhzxsD

"20 years + at the company, first level 4 stock, shown the door."

Same experience here. Always Successful or Exceeds Expectations. First stock level 4 and shown the door.

"You got VSP, get out, the company don't care about you, managers FLM, SLM, VP they don't care. They talk is about respect and dignity, but when it is your car payment, your house payment, your child's college on the line, they fire you so they look good if only for that moment."

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Post ID: @lyv+HwhzxsD

20 years + at the company, first level 4 stock, shown the door.

You got VSP, get out, the company don't care about you, managers FLM, SLM, VP they don't care. They talk is about respect and dignity, but when it is your car payment, your house payment, your child's college on the line, they fire you so they look good if only for that moment.

Take the best deal for yourself, do you feel lucky? VSP don't make the numbers than ISP will come, how did you get VSP, you meet a criteria that some bean counter assumed would get to 12K, guess if they convert from "voluntary" to "Involuntary" and get the same result, who are they to care how they get there.

Beside I heard there is discussion at senior levels "why do I have to payanyone to leave, they are fired"

Expect money for ISP to be a lot less going forward!

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Post ID: @yqv+HwhzxsD

If you stay...do you really want to be there waiting for a tap on the shoulder someday whilst having to do even more extra bullshit and asskissing?

I got offered it and Im getting out of F24 now cos things look like they are gonna get ugly - theres little respect from upper management for anyone beneath them and its getting worse

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Post ID: @swj+HwhzxsD

Yes - I got ISP'd and my performance was never below "successful"...

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Post ID: @xaw+HwhzxsD

@HwhzxsD-vr

Industry you mean like "would you like fries with that sir"

Because right now I feel my engineering degree means nothing. That this industry is going down to tubes partly because it's a race to the bottom.

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Post ID: @osb+HwhzxsD

Run away and find a job elsewhere in a different industry. Management cannot be trusted plus with less people more work and less reward.

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Post ID: @vrg+HwhzxsD

No argument here. Take VSP while it is available. The ISP it will transfer to will not be as good a package.

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Post ID: @jpy+HwhzxsD

How did you vsp if you had exceptional

No ssl 1 or 2

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Post ID: @kue+HwhzxsD

Do you feel lucky? If most VSP take it the likely Intel gets to their "number". Look around lots of jobs and VSP good enough for you to find another one, better take it. I don't think VSP will get them to their numbers and thus all VSP not taken become ISP.

With ISP they can get rid of anyone they want!

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Post ID: @pmw+HwhzxsD

Yes they can.. take vsp

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Post ID: @mjr+HwhzxsD

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