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

With the projections reduced will they announce more layoffs in all hand’s tomorrow

Jan 27 (Reuters) - Intel Corp (INTC.O) saw about $8 billion wiped off its market value on Friday after the U.S. chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer... — read more 

Can you get laid off while on sabbatical or bonding leave?

Not shockingly at all to anybody, AMD is on this list. The only problem is they're not hiring right now. Amid an onslaught of tech layoffs, here are 12 major tech companies that haven't announced any job cuts in the past 6... — read more 

Curious if old ALTERA / PSG will be affected?

Intel still has a chance to come back but getting harder every day. The immediate solution is 1) to reduce cost in profitable groups by offering volunteer time off 2) start co-investment partnership for Ohio and Europe Fabs 2) offer longterm RSU... — read more 

Back in 2022 Intel's forecast was a revenue of 76B with 1-2B in negative cash flow. In 2021 we had around 79B with ~20B net. Where and how they ended of with 76B and 1-2B negative FCF? they money was dedicated for building Fabs?

(serious) Are these guys for real? Living and breathing Intel. Pat is their saviour, Intel is their home, they call their kids Blue Babies and couldn't live without the bing. People buying the corporate swag they give out to university students for... — read more 

Read between the Lines on what your told. They are prepping for major cost saving, High earners are easier targets, those with long service, My OKR as directed is to create training docs as to what I do on a daily basis. Prepare to train new people... — read more 

It is just me or your productivity is impacted as well?

Heard news that more significant cuts coming to axg after Raja’s sideline and splitting into two groups. Management is working on list.