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 

This has become a company where, in my opinion, the employees are more concerned about its future than the leadership. The employees are the ones who are most worried about whether Intel's days are numbered, whether it is too late to somehow save... — read more 

Leadership's response to any problem over the past several years is that we are on a "transformation" or a "journey"...and solutions are always 3 to 5 years away! No accountability for the Technology folks who blew the leadership position, and still... — read more 

Intel cutting base pay seems like a disaster... on the other hand, imagine the staff getting a pay cut on the Titanic the day before hitting the iceberg... It really wouldn't have been the worst thing in the world... as compared to sinking to the... — read more 

@mkq+1kZKJM7h and @tap+1kZKJM7h tel revenue 63B employees 131K TSMC revenue 75B employees 65K AMD revenue 23B employees 15K NVD revenue 27B employees 23K Add TSMC, AMD and Nvidia HC together still smaller than intel and make so much more... — read more 

What economic headwinds is INTC facing which is not there for AMD, NVDA, AAPL. Is it just a lame excuse quarter after quarter by ELT for poor execution and planning ?

I have to do this and I wonder if defining your own OKRs makes any sense. Isn't setting expected results what your manager should do? Is this common practise at Intel?

I hope that the last couple of months have finally convinced everybody that there is truly no future at Intel. At least not until we get some proper leadership, and it might be too late even for that. Before somebody says it's the economy or some... — read more 

I dont know why everybody was so happy he came back here. All he did at VMware were layoffs.

If no drastic action is taken on layoffs, next quarterly report will be worst.

Any forecast?

Seriously, we have achieved nothing with him. We should send him back to AMD so he can f*ck them over instead.

What % of target payout have they paid out in previous year? if target is 100% what has it been?

Gelsinger cut his own base salary from $1.2 million to $900k. He made about $179 million in 2021.