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

I got about $40-60 for my most recent QPB. I realize this is an optional bonus, and is not to be expected…. But I feel like I’m getting slapped in the face with such a disgraceful bonus.

Upvote = Quiet Quitting Comment = Already quiet quit

Intel CEO Pat Gelsinger’s total compensation for 2021 was 1,711-times larger than the average Intel employee. And now the big guy's gonna take a 25% hit for the team. Lol... — read more 

Dateline: 1/31/2023 Intel said it had made broad cuts to employee and executive pay. The reductions range from 5% of base pay for mid-level employees to as much as 25% for CEO Pat Gelsinger, according to a source quoted by Reuters. In addition, vice... — read more 

Meritocracy never really existed at Intel. If it did Intel wouldn’t be in this state today. Chr—sty just formally shut down meritocracy aka favoritism charade.

high inflation was already hurting workers spending power. now no raises. the two added together mean a real loss in buying power in the future. no bonuses justs compunds this income reduction for most workers. this is a rude awakening. But a... — read more 

What's fair about this? Our executives fire the pool guy for one of their many estates, and the folks who actually do the work can no longer pay the rent on their only apartment. Good luck with that brilliant decision.

Why are they keeping things opaque? Intel said it’s on track to cut costs by $3 billion this year through layoffs and other measures as the company works to shore up the bottom line after posting a small quarterly loss last fall. Intel hasn’t said... — read more 

I'm an old fa-t, and I have seen how this has progressed at many other companies - Intel's days are numbered. When you hear "Focus on core products" it is time to go. Intel will continue shutting down and selling off businesses so they can focus... — read more 

The only way to retain your wages and restore meritocracy is to unionize. ELT is beholden to Wall Street and not the workers who make Intel what it is. Unionizing scares the hex out of upper management and that's the only way to get your messages... — read more 

Students from top schools used to waltz from Silicon Valley internships into lucrative jobs. Now, some are reconsidering their options... https://www.wired.com/story/layoffs-broke-big-techs-elite-college-hiring-pipeline/

Intel is now in AMD's rear view mirror, and NEVER AGAIN will they be in the windshield. RIP to this once great company, now nothing more than a "me-too" wannabe has-been.

https://www.wired.com/story/layoffs-broke-big-techs-elite-college-hiring-pipeline/

Hopefully Intel offers voluntary CPM again so people have the opportunity to leave with fat pockets. Then again they will all just come back again in a few years for more pay and Intel will repeat the same mistakes again. Over 10 years Intels had... — read more 

Stock holders and those who get more from stock compensation than rank and file is the priority! The CEO and ELT do have a duty to the owners of the company long term. But seriously protect the dividend short term versus reward the hard working... — read more 

Amd market.csp more than Intel now. Take that Intel byatches

AMD made the same mistake a decade ago and learned the hard way.

Here's my 2$ conspiracy theory: ELT has large part of compensation in stocks than base pay. Even if they reduce their base pay % the dividends are still not reducing or stopping. Workers will toil and pay for ELT fat salary with no bonuses for... — read more 

How much 401k and salary cuts will save ? 1B $ 2B? Any guess?

We are the winner in CEO TComp!!!

The beatings will continue until morale improves

That's 1700 times of Intel median pay BTW. His base pay was $1.1 million, less than 1% of the TComp. 25% of that is 0.25% of TComp. If someone at Intel median pay got 0.25% pay cut, it'll be like $50 a week. Don't worry about your dear leader. He's... — read more 

This site was started and is very likely run by a disgruntled employee. Someone posted support for Pat and it was deleted. It's sad that the site caters to negativity about the company. It could be so much more.

Get free government money to save American jobs Pay fat dividend to please grumpy shareholders Tout the huge cost-saving down the road to make employees nervous Wait for large layoff announcements from everywhere Declare pay cut like... — read more 

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