We’ve been dealing with layoffs, fab delays, and endless pivots, and now Trump calls for LBT to resign. Are you kidding me? Political noise is tanking the stock while we keep doing the work. Nobody here was warned, nobody knows what the fallout will be. We’re building chips and watching the stock and everything else with it crash from the sidelines.
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@cz These people really are manipulative sc-m. That includes Gelsinger. Have you noticed how much space he has between the eyes? Almost reptilian
Intel went down the cliff coz of people like you / su-k ups / buttering your boss and nothing to contribute. If you were competent you would have left long time ago instead of kicked out now. I know there are many like you
Frank Yeary is working behind the last few CEOs backs to poison public perception of Intel and dampen employee morale further. He’s behind lighting the pitchforks for those politicians.
Must not be a supplier. We felt like this for much longer due to the wonderful “Intel Culture” (the same culture that bought you all this).
@bn Trump is simply putting you all out of your misery
Bruh the board is compromised and full of spies responsible for deliberately tanking the place
30 years ? Man you are a reason and if you get laid off there is no job out there. So like Seinfeld said - hang on to your job like grim death
@OP, if you’re doing anything beyond the bare minimum and not using the remaining time to look at options outside of Intel you’re being nothing more than a useful id--t. Intel is eventually going to dump you in the street with no pension, regardless 3 years or 30.
It is a long-term Intel crony. You've come this far, OP might as well finish the kool-aid and go down with the Itanic.
@a9 There would be no reason to liquidate, but in Ch11 companies have typically wiped out most or all benefit obligations, so the Pension is assumed by the govt, RSUs =$0, and IMRP and SERMA would almost certainly be gone.
I took ERP last year so would be affected, but can see why the company would want to go through bankruptcy as a way to wipe out all manner of past obligations, and to pare current benefits down as well. Cashed out my pension as soon as I could but SERMA and IRMP would leave a dent.
If Intel files for chapter 11 bankruptcy, pension obligations may be assumed by PBGC, Retirement health plans a SERMA may remain intact during restructuring.
If Intel files chapter 7 bankruptcy, that’s liquidation and pretty much everything goes with it. Current employees and retirees both get hosed.
@OP Hey, Pat offered you the last great ERP last year.
But no, you had to stay on till they drag you out (which may be the Monday after LBT is pushed out in the next week or so).
Ya Shoulda Taken The Package!
I don't believe OP realizes he is going to lose his Pension, RSU, SERMA, IRMP when Intel chooses a prearranged bankruptcy by the Board after LBT is pushed out.
Sounds like another longterm Intel chrony, little work and lots of noise. Just do your work!
Facts are facts; LBT is corrupt and was a terrible choice. When you take billions of government money, you can expect the government to meddle in your business. How can anyone be surprised?
The entire board is at fault! Not only for Lip Bu, but for the consecutive poor CEO decisions they keep voting for. Stevie Wonder can see clearly that the board doesn't have the companys best interest at hand! Let Naga take over!