INTC Stock is happy with the 12K employees losing their jobs. Make Intel great again. This is what its all about. Capitalism. The more heads they chop the better stock market will do. Since this is the case expect more layoffs. It makes the stock... — read more 

Knock knock. Repossessions lol!

Does anyone have any idea of what fraction of the layoffs will be determined based on organization vs. performance? Is the goal weighted more toward targeted cuts in nonprofitable organizations, or across-the-board cuts based on performance? How far... — read more 

With Renee gone and the MCM taken over by TMG folks (who are known to have been hostile to SSG), SSG folks are especially vulnerable. Please use this thread to track layoffs/VSPs/ISPs across SSG. Please include your campus, division, impact and any... — read more 

I wonder if there'll be any difference package-wise between the "Enhanced retirement" vs. VSP if someone should be eligible for both. If differences, I wonder if they'll give us the better of the 2 or offer the worst.

I came to Intel as part of the DEC acquisition and was doing what the company thought was an important job Post 9/11. Reorged out of a management position in May and had a new supervisor inserted. July 1000 manager March I was told they went back to... — read more 

Anyone heard any rumors on what qualifies you as "eligible" for VSP?

I'm in NSG. I think I'm fairly safe.

Murthy is just getting started, very likely he wanted to layoff 20k but BK coached him to do it in phases to continue pushing stock prices over time and relieve pressure on BK from board and stockholders.

We'd instantly be #2 in mobile and have a great baseline from which to grow. Why are we wasting billions for 1% share? Fire 12k people in the USA, buy MediaTek (7k employees in Taiwan), and we're good for at least a decade or more.

So with 6k people at the Folsom site (in business unfriendly California), there must be many nervous people right now. Does Intel want to close the Folsom campus? We already announced the stopping of the shuttle service to that site. How's the H1B... — read more 

What about San Diego Intel? Will it be affected?

https://www.youtube.com/watch?v=PF_iorX_MAw Survival of UNfittest! Really? Greed is good. Greed is right! Liberate INTEL, Mr. Krzanich! :-)) Will ya?!

After 19 years I made a decision to leave, starting my job search right now. I know there is a ton of very upset people at Intel, but I really liked my work, my team, and yes, my boss. Yet, it's time to retool and go, it'll take a while, I may get... — read more 

https://finance.yahoo.com/video/why-intel-laying-off-12-130400467.html

How bad will the Fabs get hit especially here in AZ

You are not a hot shot anymore, ha? Wait until your manager hands you exit forms. Thank you John for your services but you can just stay home for the next couple weeks until your last day. Just make sure to fill out all the forms. BTW, from today on... — read more 

As Chief Executive Officer at INTEL CORP, Brian M. Krzanich made $11,175,400 in total compensation. Of this total $1,000,000 was received as a salary, $3,354,900 was received as a bonus, $0 was received in stock options, $6,658,700 was awarded as... — read more 

I quit in Jan '16 after 7.5 years in PTD. Intel was a great company but they are very bad at mentoring and cultivating future managers. Case in point is PTD where a good program manager was made a scapegoat for the 14nm delays and the main culprit... — read more 

Can someone explain what an ssl-3 is for those of us new to Intel?

I am new hire in mid 2015, from another company with 2yr experience after my master degree, should I be worried or getting prepared for interviews? First time seeing this layoff, totally freaked out! Many thanks!

My site is somewhere in ASIA... Guess!

..on the path to extinction

How about sparing us the crap about difficult decisions and losing sleep and treating the targets with dignity... only makes it more sickening. Also before talking about transparency and such BS why not try to get through all the top voted questions... — read more 

After today's BUM we're expecting some mix of VSP, performance cuts, and cuts from closure of relatively small satellite offices. To those who want VSP... golf clap, you've worked hard, enjoy the time freedom. To those who are separating due to... — read more 

SSL 4 and below last year and within last 3 years will surely be applied. But this only caught around 1K last year. Surely they will cast a wider net for ISP. The invitation-only VSP in 2012 was for all with SSL 3 or below for past 3 years but I... — read more 

So how are the people that got the ISP last year feel today? We were labeled as mediocre employees. Can't believe there were another 12000 mediocre employees left after our departure. Intel hires mostly mediocre employees, ha?

Grove has only been gone from this world for a very short time and already the vultures are moving in to tear apart his heritage. They are willing to use a tool, (layoffs), as a means to temporarily bolster stock holder confidence rather than wisely... — read more 

BK made it clear those that are not white males will not be touch in these layoffs, so fall you are safe if you are in this category.

http://dailycaller.com/2016/04/19/intel-lays-off-12000-people-after-lobbying-for-more-foreign-workers/

Hear some site will be closed. Which one?