My feed is filled with layoff announcements from big tech, but no numbers out of Intel. Supply chain took a 20% reduction. Hearing similar numbers from marketing and finance, but why isn't anything reported?

Don't penalize the engineers/workers who do the real work! It's management who screwed up. They should take a bigger pay cut and leave the salary of the real workers alone. You NEED these workers! Downsize the inefficient management team!

Many prior threads on this. Here is the cliff notes version: Intel got bloated and lazy focusing on core business. Core business was undermined from below by better ARM solutions Core business demands slows Intel failed in wave... — read more 

I ain't accepting the new T&C of employment pay. You can take the money and shove it

If you don’t know who that is or don’t care. You don’t deserve to work at Intel.

Pat - 4/10 Christy 2/10 Keyvan 3/10 Ann k - really not sure these are the 4 I have met and watched over the years. what do you think?

If you read the comments on the posts below, you will see the same narcissistic id--ts are still in leadership and management. They are quick to react to any minor criticism as "whining". This culture has been in play for many years. Toxic... — read more 

You missed the markets for 10nm and 7nm. TMSC is now producing your chips because you can't do it yourself. You promise that once I become a customer you will do better and will never prioritize Intel chips over mine. It's all pie-in-the-sky BS if... — read more 

Suspension of merit increases for 2023 Suspension of Quarterly Profit Bonus and QPB+ Suspension of recognition programs Reduction of 401(K) match Base pay reductions

I believe in the idea of IDM 2.0 and that can help intel back in leadership. However, some decisions will hurt us really really bad. The management does not realize how a pay cut will hurt attrition and remaining high performing top talent who can... — read more 

Maybe there are a few too many overpaid, arrogant, entitled people in the C-Suite? In a company that fails year over year how many senior vice presidents and executive vice presidents do we really need? This company could use a little less caviar... — read more 

Looks like Pat has tied the fate of the company to success of 5N4Y. TMG wasn’t touched during CPM. Are the nodes really on track ? Does it make sense that Intel will gain back process leadership from TSMC with a fraction of the capex?

This man is running the company into the ground. Please, if anyone from the BoD is reading this, please fire this man ASAP

Pat talks a big talk about returning to technology relevance in a couple years as well as building a competitive Foundry operation to offset the incredibly high cost developing leading edge silicon and outfitting prohibitively expensive... — read more 

Back in the days, rumor had it Intel was helping to artificially keep AMD afloat, to save itself from x86 anti-trust. Let's hope the AMD folks have not forgotten and will now return the favor!

That bonus is stock will continue to be impacted was known so people who were not taking voluntary were committed to ride that storm out. But then to move the goal posts and cut pay and pension contribution was a bit unfair. Re-opening the voluntary... — read more 

It's about 4PM PST and Im looking at who from the ELT is around: only Patty G, Zinsner, and puppet Christy. Raja, Christoph, and most importantly fraud Sandra nowhere to be found...meanwhile us "normal employees" are all hands on deck

https://www.washingtonpost.com/business/2023/02/03/january-jobs-labor-market/

Layoffs are superior if done correctly. They retain true talent at market comp rates. They cut the no-value dead weight. This uniform pay cut incentivizes the dead weight to stay and the true talent to leave.

Intel needs to cut costs dramatically and improve efficiency. It is doubtful that the company could remove 50K employees overnight and still function. It will take years to improve those efficiencies. Intel management and employees haven't... — read more 

There is hardly anyone here who thinks that Intel really needs all those VPs, but will this company ever get rid of unnecessary layers of management or at least some of the useless VPs...?

The rest should get spun off as different companies with their IPOs. TMG will become the immortal Federal Bureau of Integrated circuits. The PC group will be comparable to AMD Total combined market value will be 3X of today's, at least.

This is a question that is baffling me a bit since our last all hands. I see that you believe in Gods path and call getting Intel back on track a "mission". In that context, why did you not take a 75% cut in salary ? Or even 100% ? Missionaries... — read more 

https://news.crunchbase.com/job-market/january-layoffs-analysis-second-rounds-amazon-salesforce

@2vlp+1kYpJFC8 The public filings show that Pat owns 96,049 Intel shares directly, and another 266,530 shares through trusts. Pat took at ~$300k base pay cut to save a $565k yearly dividend payout for himself. Words cannot describe how shameful his... — read more 

Are you in? A true believer? Otherwise there’s the door.

Buckle up, because layoffs are about to get much worse all over the place, and I doubt Intel will not be a part of that. Layoffs in tech will get worse, but overall more spectacle than significant for the... — read more 

Do they also suspend or cut security certification reimbursements?

Every time, I think about this, it sounds so insane to me that this company is at a spot that they have to cut the base pay and 401k for their employees. Irrespective of the ups and downs so far in the company over many decades, I always felt... — read more 

TMG PC Graphics Network (Please add to the list) Total stock price will be $100-ish

unknown number of employees got a pay cut, unknown number of shareholders got a nice bump in stock price, unknown number of employees jumped ship, unknown number of employees are secretly very happy that they still have a job. What else there is to... — read more 

Frankly, we cannot sustan to hand out dividends, lose sales, drop profits, etc. Something's got to give... There will be massive layoffs, 5000 to 8000 in my estimate. PG will be asked to leave, he'll gently land (golden parachute) in the paradise!

IT tanked..

While the median pay is ~$100k for ~100k employees. 5% of total pay covers the dividend. Simple and elegant math.

The upcoming quarterly reports will be awful and to reduce losses, 10% pay cut is necessary across the board, not just at the top.

a top leader said, if you separate because of a pay cut, not believing our strategy or vision. In response, I would like to say a. you do not know families budget and see how already because of high inflation they are struggling b. In the past they... — read more