What I haven't found yet is whether the 47 week max cap is adjusted in light of the extra 8 weeks.

this place is a practice area for them

I am seeing both numbers reported. 15% of 125k is 18k. Someone in Intel can't do the Math properly.

Just stumbled across this interview with Pat a few years back and now I know a portion of why we fail over and over...at the 35 second mark he says "relationships are more important than results"...him and his gang can sc--w up over and over with... — read more 

Working at Intel is like being Bigfoot and having a big bandage slowly removed. I left after 28 years on December 2022. No packages were offered at that time.

Worst stock price drop in 50 years. What a record achievement.

What should we do with them?

How can the CFO not know how to estimate overhead budget costs of a new process ramp in Ireland?

You know how many people "actually" work vs just manufacture "roadmap" or "status" slides. The Musket proved that 90% is always overhead.

Once customers starts moving to AMD and NVIDIA etc., it may be hard battle to gain market share again. Competitors know this and are piling on. Hope Intel can survive next couple years. Delisting from Dow or S&P 500 is just bad news.

Do we know if the packages are the same for VSP and ISP? I could not find a mention anywhere.

Over the past 3.5 years Pat spent money Intel didn't have on his foundry pipe dream, and completely missed the AI bo-m. When it became evident that the AI was bigger than he predicted, he was forced to pivot but it was too late. PVC was eventually... — read more 

They know their current salary is a lot higher than what they'll be making in Nov, which is $0.

At the risk of tanking the stock further It has generally been customary in the semiconductor business to run a process node long enough to recoup the R&D expenses, unless you’re going out of business Even with the decade long development, Intel 7... — read more 

There will be salary increase after the action. You heard it here first

If you are on short term disability leave, are you safe from lay off? Or maternity leave?

When you offer VSP it favors non H1B with more flexibility. If you thought Intel was an H1B shop before just wait until next year.

Root caused.

I’m about 99% sure I’m safe. But figured I’d test the waters. It took two weeks and 6-8 applications, and I have two second interviews already. If you think you’re going to get gone, start looking now before 7000 other people are competing for the... — read more 

Hard to believe.

I was laid off by HPE around seven years ago. It was the same dog and pony show that you guys are going thru with upper management. I really enjoyed working with all of the great folks at intel Austin over the years.

This is the quality of managers we have at Intel!

No VSP. Years ago they gave me VSP and then when I did not take it did ISP. I could not believe what they did. Now years later, I'm still at the top of my game and earning much more. These fools did not know how to spot talent in my case. But I... — read more 

Fire the TMG managers for behind TSMC since Pat joined. By now they should have been neck and neck with TSMC. Start with firing Ann Kelleher and all the european bloat

Just remember, the beatings will continue until moral improves.

Are people smarter or clowns 🤡 are running out of tricks?

What do you think the HC will be next year? My guess is a little more than this year at 138K. They probably have many hires in the work right now as they walk out people. I could never understand why.

Are you actively seeking external opportunities or are you just waiting to see if you make it through? No doubt that it is a tough time to be looking for a job. Today's jobs report is being seen by some as an early indicator of a recession starting. — read more 

All that sm--k talk is coming back home to roost mister fancy pants, smarter than everyone engineering boy.

Anyone have inside knowledge of what BUs are impacted?

Stock sank nearly 30% today, after layoffs and other cost-cutting measures were announced. This is probably a sign that we are beyond saving. Also a sign that it’s been recognized that leadership which pulled us down into a hole can not pull us out... — read more 

Please tell me why an American citizen would like to join Intel. Culture is toxic, people are way below average, compensation is sub-par, "leadership" is incapable etc. People who are Citizens and blessed to be American, have NVIDIA, Google, Meta... — read more 

Does anyone know if there is any ISP separation package? 2 months or 3 months or just get out of here with nothing ?

Will employees be notified on 8/5 if they are selected for CPM? If so, what happens if they don’t apply?

One of the CNBC guys compared this morning's disaster to an emergency surgery - "they (Intel) will live, but what sort of a life will they have..."

You know they're not the problem, right? If you're so angry about H1B's and job outsourcing, write your congressman and ask them to sponsor bills to limit how many H1B's or jobs US companies can use. It's not Indians who are the problem, it's the... — read more 

Per the San Francisco Chronicle, 15,000 positions or 15% of its roughly 100,000 employee global workforce will be cut.

Does anyone know how many might be impacted at OR site?

Who are they managing now?

Repost this around the world.. Make them famous for running an empire into the ground. May they be mocked, laughed at and never work again. Patrick Gelsinger Patrick (Pat) Gelsinger is chief executive officer of Intel Corporation and serves on its... — read more