Once upon a time, employees were the most valuable resource to a company. Today they are the first to be cut when the company falls on hard times. At Intel apparently it's okay if the bizarre, insane CEO throws away hundreds of millions if not billions of dollars on poor business deals that completely flop, and guess what. The dedicated, hard working employees get the punishment. Tens of thousands laid off, lives and careers ruined, through a fictitious ratings sham to "save" the company $100M over five years, a mere drop in the bucket. If the mgmt was so willing to throw away more ey on bad business deals, they should have tried harder to solution the accounting than to simply lay off their prized resources unless they actually meant to directly replace with H1Bs. Sad.
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I disagree about joining a privately owned company. I know many privately owned companies who are looking to sell, they don't care about their employees in the deal, they just want the best price (return on investment) and to move on. Furthermore, I know public companies sold to private equity owners and they too haven't valued the employees and are often looking to cut costs to achieve their 3x return. So I wouldn't take that advice - join a private company. Instead I would offer that you do your homework, look for a company with good core values, low turnover, positive reputation based on inputs from past and current employees, etc..
Yes, agree. Unfortunately, the communications between management and employees has been severely degraded, if not totally lost, over many years. It has come down to an"us against them" attitude. Management/employee discussions have fallen to more superficial in nature and rather meaningless. They hold back on the most important information that would help the employee be successful, and you only know where you stand in two instances, promotions and frequency, and layoff.
Intel is no better or worse than any company in how it treats employees. But the smug, arrogant, self-righteous attitude likes to pretend it is special, superior, more enlightened. This actually was once true, when Intel pioneered so much under Grove. But for a long time, Intel is a mere mortal, pretty much same as most companies, and working there is a job, and nothing more. The unmasking of reality is plain for the world to see.
That may be, but some companies balance employee value to achieve shareholder goals as important, where as BK viewed employees as a liability to be discarded. He created chaos 2 years ago, and while 10nm is incredibly complex, you could say walking immense engineering experience out the door will negatively impact shareholder value due to 10nm delays.
Hey stock is up and they kicked BK to the curb just like those ACTed upon. Embarrassed him, his family and his children in public, that is Intel. As bad as BK is that isn’t classy at all it is classless of the company.
It is intels cultural thru and thru to treat employees everyone like $hit
GPTW
Employees have never been the most valuable resource for any corporation. Never. The only thing that counts for a corporation is stockholder value.
If you want to be valued, join a privately owned company. It‘s not a question of „once upon a time“ but purely of your choice of company.