For once, I can say somebody is handling layoffs and reorganization worse than Intel! I didn't think it possible but here we are.

The lesson I learned a long time ago is that the most important thing is to keep your skills current and then it is easy to find a job even when the situation on the job market is not ideal. In general, I think that the majority here are worried... — read more 

Finance guy here. I want to give some of you hope on the non-technical side since I know we will be effected most significantly. When I first caught wind of the rumors several weeks ago, I started networking on LinkedIn more - not applying for jobs... — read more 

When Intel was generating 60% gross margin, it was printing money. Now, Intel gross margin is 42%. No more printing press. All of the failing gambits into new markets was funded by the printing press. Now that the printing press has been... — read more 

I have had enough of the double talk and B$ from the execs in CPM with no clear answers/timelines. How can I volunteer and get the h*ll outa here.

Amazon just froze hiring once again, Meta is about to start major layoffs, we all know what's going on with Twitter, hundreds (no, I'm not exaggerating) of other tech companies are laying off... Where exactly am I supposed to get a new job if I'm... — read more 

Anyone hear anything about how this group will be effected?

To many reductions of expenditures rather than labor now, this will equal a big problem next year and the year after. Layoff now or layoff more later in a market that will be more difficult to obtain another position. VSP / ISP packages will only... — read more 

Intel SMG ~1000 employee reduction

Layoffs announced in the last day: Lyft 13% of workers Opendoor 18% Stripe 14% Chime 12% Twitter 50% Morgan Stanley (% unknown)

In AXG QGS this morning, RK blamed macroeconomy and CPU market share shrink for AXG deficit. In fact, the deficit is probably close to the money loss due to PVC poor execution and his pipe dream of entering HPC and AI markets. If he focused on first... — read more 

Any word of our rsu vesting deals? What about stock that would vest in that job search window

Details to follow - https://stripe.com/en-au/newsroom/news/ceo-patrick-collisons-email-to-stripe-employees

All Intel employees regardless of GEO should get the same severance (cost adjusted for GEO) This would mean that the best packages, would apply to all.

All large companies affected - 2023 will be bad

Announced by the head of DCAI (S.R.)

Some of you will hate it, but the best solution is to Unionize! Collectively, we would have the ability to force these bozo's hands. (at least in some things) Let them try to replace us. Managers running things..lolol! The place would collapse in a... — read more 

So by now we know how the packages look for US but there is no information on what the package for EU includes? The only thing that’s clear is that VSP and ISP are the same. Anyone has any information on packages content for EU?

Some leave very quickly, as soon as they see that they have no prospects at Intel, and some persistently stay here despite everything. Making complaints and venting is good, but it doesn't help. Intel doesn't care what employees think, that... — read more 

Uncertainty is very frustrating. I can't focus on my work at all. I would prefer to be told right away that I will be cut, rather than spend days feeling anxious while waiting for bad news. Productivity has dropped drastically, and how could it... — read more 

Has anyone heard anything about plans for the Irish Intel site? We got a very general update which basically repeated the earnings call message, no details. People don't seeem concered here and there is a feeling that, with so much growth planned... — read more 

If you did, you'd be out of here already. Due to the overall number of employees, even when we face a major round of layoffs the chance of any single one of us being impacted is slim. If you're saying you're staying because you're waiting for... — read more 

Totally broke strategy and no amount of execution will resume intel 1a). Technology leadership arrogance that Intel can do four nodes in five years. The track record of LTD is an F. No way they can match the execution of TSMC. 1b) Technology... — read more 

New Strategy Drop IDM 2.0, focus on core business 80/20 Rule. Keep the products that are generating the 80% of revenue, drop rest. Cut any business that is not #1/#2 in it's market. eg cut discrete graphics Cut 30% HC and get to... — read more 

I see $600M+ restructuring charges in Q3 statement. So does the management really not know how many head counts need to be reduced? How do they plan the budget then? What was the basis of $600M restructuring charges? Are they so clueless about... — read more 

DOs: Do review your termination package and ask your manager questions Do reflect on the fact that you had a great run at one of the best companies ever Do spend time with your friends and family. DON'Ts: Don't try and second guess whether your... — read more 

BU's will decide whether to use CPM. Can they lay off people without any package just by deciding not to use CPM?

Why the he-l any strong achiever would want to stay at this company. Just think about this. Such an attractive package being offered who are leaving. And those who stay, show commitment ... No rewards for you, no promos for you. THIS IS INSANE... — read more 

CISO stated 13% cuts today - opening voluntarily separation with no constraints, said they will buy you a cake if you take voluntary separation. Stay Classy Intel

I think top engineers work at intel. If you agree dislike 🤔

I haven’t received such email yet. How many of you have received the email?

Just by looking at these posts, it is possible to notice that Intel has no intention of fixing the issues it has, considering that the complaints are the same as they were a few years ago. Indeed, the issues are the same, only now there are many... — read more 

anyone has any info about packages being offered in EU particularly Germany?

Has anyone been notified by their manager that they will be laid off yet? If so, how many years do you have and what did they say in terms of packages?

I am just a tech, I don't really pay attention to products or accounting. It's too stressful. I guess you can say I took the 'red pill'. I used to think like Cypher that 'ignorance is bliss' but now I am not so sure.

Unless Intel is paying the COBRA benefit, it isn't very attractive. COBRA rules were put in place back when insurance companies had pre-existing conditions model. Congress wanted to be sure if you get fired, you can at least not lose your... — read more 

Is anybody else shocked by how generous the packages are? Considering the state of Intel right now, I'm not sure how something like this even got approved. I would be overjoyed and more than happy to leave - with no hard feelings! - if I got... — read more 

9wks in CPM 4wks severance pay 1.5wks per year capped @47wks max vacation and sabbatical weeks inclusive 2022 APB 12 month COBRA 6 month career help by agency BU has option to opt out of VAP. Do your math.