If fired/ laid off, is the 9 weeks to find a new job internal/external paid?

Vmw went down hill under his leadership. Woke go broke. Invented basically nothing other than SKU bundling.

Pat is busy spending his $170m paycheck so he doesn't have time for layoff. No communication about number. It would be spread throughout 2023. First round would be by Q1 23 end. Enjoy your Christmas break.

Does anyone know rough count in engineering v/s rest of engineering at intel?

Obviously past behavior is no indication of what Intel might do in the future, but a common retirement strategy was to wait until after stock grants, since with rule of 60 you were pretty much immediately vesting if you have 20+ years of service. My... — read more 

Per Christi, communications for effected family members will happen “no later than Q1” for “this round” (Freudian slip?). Are they intentionally dragging this out to encourage family members to self select for the separation package (not VSP)? All... — read more 

This is crazy. why it is taking so long to take these actions. Plus the action around rewards. Man, why would one stay at this company. So for folks who are not impacted, will have to work more at less rewards. What ! Doesnt make sense. — read more 

Is the vsp tool open yet.

I pray for getting laid off. Reason: things are probably going to get much worse from now on at Intel. No high hopes that everything will be better. Surviving these cuts is just prolonging the agony until the next cuts.

What PC slowdown? Too bad Win-Intel can’t make a good laptop.

would you believe him?

A nice 5% jump after earning. Thanks, PG!

My manager said they bill about $150k per employee for budgeting. This translates to about $3B/150k = approx 20,000 jobs. There arent 20k people in SMG. Maybe 5-8k in SMG. So there will be cuts across all groups. This looks bad.

So for those that survive this round, we get three more years of cost cutting, project elimination, outsourcing, and fear+paranoia. Just hope I last long enough to weather the economic storm and escape on the other side. Sounds like a rough two years... — read more 

Thats a lot of H1B employees

Results within the forecasted range, albeit at lower end of the range. https://www.intc.com/news-events/press-releases/detail/1586/intel-reports-third-quarter-2022-financial-results

Has anyone heard rumors specifically which BU’s will targeted most for these layoffs? Or is the plan to just skim some off the top of each one?

I am a new hire (January ‘22) so this is my first go-around. Realistically, what are my chances of getting the axe?

I have a feeling the all company will be full of fluff with no concrete information though the actual layoffs may be deep and brutal. They might downplay the layoffs and focus on ego boosting delusions of IDM2.0

They want everybody off the books before 31st December. For those impacted, you will get a meeting notification between today and Sunday, scheduling an apparent 1:1 with your manager for next week. When you get in the conference room, an HR rep will... — read more 

Do they just send an automated email for layoffs?

What will be QPB this year?

Any latest updates on the numbers and the groups that are affected?

Ok guys, brace for impact. For those of you that most likely will be affected and for those ones that wants to help out, what do you think if we do a collective last push and share all possible BKM's to max out our exit? Here is what I have: “How... — read more 

Folks, d day has arrived. You get to decide what course of action you plan to take based on the revelations today. This anxiety and uncertainty is here to stay. Either accept it or quit and find a new job. Good Luck!!

https://www.reuters.com/markets/asia/intels-mobileye-unit-set-be-valued-21-bln-strong-market-debut-2022-10-26/

I know more than 5 of top 10 SOC design engineers work at intel. Believe in IDM2 and stay calm

Seriously, if Intel is that bad, why wait until the layoffs to complain and leave? Remember is employment at will, hence Intel does not owe you a job or you are stock with Intel for life. Stop complaining and act!!!

I think that the employees here are more than ever convinced that those who are friends with their superiors are safer than those who are great employees but are not part of the clique. How does Intel intend to be competitive with such a... — read more 

Some people in their posts or comments are saying they were notified and some are saying to expect notification within few weeks? Any managers here or good samaritan employees willing to share inside scoop.. some of us are better off knowing now... — read more 

If you work here, you know the place is posh. Its great to have a nice workplace but that leads to complacency, laziness, ineptitude, tons of bureaucracy, low morale and poor execution. If you work in the fab, you know how much bs you have to deal... — read more 

Event: TSMC Arizona Takeover Day Date: October 26th, 2022 4:30PM-5:30PM: Technical Talk By Manu Rao, TSMC Failure Analysis Dept Manager Come meet TSMC and learn from technology leaders. Join ASU alum, Manu Rao, TSMC's Failure Analysis Department... — read more 

Trying to get idea how this plays out if you get notified on November 1? Do you get 60 days, 2 weeks? Will they do VSP first?

I took VSP during the first round in 2015…after 19 years. I didn’t really qualify for it, but had recently gotten divorced and needed to move to a different state to be near the kids, so my boss helped me get it. Fast forward 7 years, I was moving... — read more 

There are posts that lament hiring family/friends. Why the frown if they are talented, hardworking, and reliable. It’s a win-win for Intel and the employees.

After 20+ years at Intel I retired earlier this year. Like Daniel, I too could read the writing on the wall, and it said "leave now" and avoid the massacre later." In my time at Intel I have observed far too many bad decisions by upper management... — read more 

You can’t cut ~20,000 employees without eliminating projects, functions, and products. So what will they pull the plug on? Or do most people believe they’ll keep every project alive (no matter how unpromising) and spread the work across the... — read more 

I started a few months ago on F1 OPT, am i doomed?