https://www.semianalysis.com/p/intel-cuts-pay-for-employees-to-keep Intel’s leadership has decided that the dividend is more important than employee retention, which is bad news for the long-term future of the company.

A peanut butter paycut spread across the higher grades, instead of making tough decisions: closing factories, ki-ling vanity projects, sales offices, etc… every CEO since Andy has been gutless to make the tough calls. It worked for Craig and Paul... — read more 

If you would know what we paid at each grade level to hire folks from outside, you would go crazy. Every new hire was hired 1-2 grade levels above with insane salaries. Way above 95%. Insane stock and bonus benefits. The market was hot, but... — read more 

Listen all of you p** ons. Go on and complain! All of the G9s and 10s will do your work if you leave. It’s all of you lower grades who complain. It is us who all make 250k and more who keep the company running and carry the rest of you on our... — read more 

Top talent and high performers will leave. You know the rest!

We want to apologize to as we were wrong. This action shows Pat Gelsinger is very similar to the prior Intel CEO who was a career Chief Financial Officer at multiple publicly traded companies. It’s a disgrace that Intel has decided to cut fab... — read more 

The writing been on the wall for some time now, but most tend to stick around for wait and see and need that extra push. I think what Intel is doing now is pushing employees to leave on their own as they can't pay 40K employees severance packages. — read more 

Intel cuts pay for employees by at least 5%. VPs 10% cut, more senior executives will get 15% cut and CEO gets a 25% haircut.

He doesn’t have guts to fire coasters or middle managers to reward working high performers.

What's this white collar slavery ? You expect me work my backside off all year long and expect lower pay. Who let these clowns on board

You have heard about ideas like rent control, higher minimum wage to put a floor on downside pay, now pay cut to put a cap on upside, between the two end points Intel can bound the wage gap. Someone forgot to tell Intel the wage gap to fix was... — read more 

The info say pay cuts were effective immediately, so I expect anybody currently in CPM would have their pay cut as well, and then their severance would be calculated based on that lower pay.

I think there is a lot said about dividends. On why we are paying dividends to investors and cutting employee pay. IMO, not cutting dividend is the right move. No investor wants to hang around 2-3 years for Intel to turn around. The only thing... — read more 

Not to rub salt in a wound but based on the most recent comments posted today, it sounds like topic of the all-hands meeting was that the companies not doing so well and everyone must take a pay cut?

Afterall, base pay is not the floor. I have never gone through this experience and always equated base pay almost as min wage. Nothing will happen to base pay. Bonuses might go away, but base pay is the floor. Not really.

Last year it was brain drain ==> We will offer everyone raise and bring them up to 95% and hire like crazy ==>We are investing more and more . We are behind in manufacturing and design ==> Oh, the economy is reopening, so folks dont want PC ==> Oh... — read more 

How the he-l did ELT didnt see this coming. What was that exuberance of crazy hiring that they went on to do in last 2 years. Last quarter they said this is the bottom only to find out Q4 went further down. And while Intel is eager to call Q4 as... — read more 

If CEO keeps saying that he is on a mission and getting this company back on track is a mission, why is he taking a pay at all. Take $1 pay and defer his pay if the company is successful in 2025. Some might say thats what stock allocation is. ... — read more 

Yes, Paycuts suck. I'm in disbelief. Been here a long time. Stock is where it was in 1998 and so we are drained of liquidity there and then bonus gone and base pay cut. What ? Even the amount of paycuts. Why is CEO taking only 25% paycut ? I... — read more 

Just said it! In addition to the other stuff here.

To my ex-Intel-indoctrinated friends. In the real world, we use CEOs' last names, not their initials and the turm fubar is usually only used by disgruntled military personnel. You're showing a lack of self-direction. The ship is sinking... Jump.

https://seekingalpha.com/news/3929825-amd-rises-q4-results-top-expectations-forecast-not-feared

Just asking... You look like overpaid ballast to me. Most of you could be fired without anybody noticing!

Intel didn't go on a downward spiral just recently, this place has been very misdirected for a very long time. That is why it is not possible to easily turn around some things and fix this mess. I started looking for another job and I believe... — read more 

https://time.com/6250235/ai-push-us-forward-pat-gelsinger/

My insights ratings was reduced drastically for Q4’22. The reason I was told was because the company is not doing well the employees are also not doing well, so they cannot be graded high on insights Is this true for other groups too ? What should... — read more 

The Chips ACT was written to primarily benefit Intel with tens of billions of US taxpayer money. And despite that being priced into Intel's market cap, it is still worth less than AMD. Hey taxpayers, how does it feel to get fleeced by a has-been tech... — read more 

https://youtu.be/zy9ejyQbG8Y

Intel has great pay and benefits, and it constantly encourages employees to expand their skill sets. The jobs can also be very challenging and satisfying. It is the people and culture that makes Intel miserable. Pointy-Haired managers giving... — read more 

I have seen quite a few posts on Intel Layoffs at Bangalore, India. Director IP Design, Smart NIC, Ethernet product... — read more 

The company cited a “challenging macro-economic environment” and that it is “focused on identifying cost reductions and efficiency gains through multiple initiatives, including some business and function-specific workforce reductions in areas across... — read more 

The way things are looking right now, being laid off will be the preferred option of the majority of employees. Nobody wants to stay on the Titanic as it continues to sink. The only reason we won't see a mass exodus right now is the overall tech... — read more 

Don't worry, it will all be over soon

A good 7 minute long video about where it all started to go wrong. https://www.wsj.com/video/series/news-explainers/the-computer-chip-wars-how-amd-ended-intel-market-dominance/419229E6-2C0B-46A8-8C1C-60F5B5BFD5BE