Layoffs in finance across the board. Up to 30% and much of the work is moving to Costa Rica
Found this in another thread, anybody knows more about this? I am assuming this is not relating to rumors flying around due to expected Intel's quarterly results announcement.
For many years move jobs have been moved to low cost geo sites like Kulim, Penang, Vietnam, nothing surprising or out of the norm! Intel still doing exceptionally well despite all the doomsday naysayers! Reality is that there is no or very little alternative to intel.
Finance and HR will move 90%+ of their jobs to Costra Rica.
Every honest finance employee will be fired. Only the number fudgers will be retained.
Old news.
Finance is this company's version of "Department of Redundancy Department"
It's true. Confirmed by a Finance friend and Oregonian article a week or so ago.
Finance has been bloated forever
If there were a problem with the quarterly results, Intel would have released a profit warning, so no, it has nothing to do with that.
The layoffs in finance have been long expected. No big news.