Thread regarding Intel Corp. layoffs

If you are feeling vulnerable:

  • get your resume out there if you haven't done so already
  • get copies of your documents that you may need like W2s, pay stubs, copies of you performance reviews if you feel like there is a potential for a law suit, etc... while you still have access to them
  • go investigate filing for unemployment and make sure you have all of the information they need, file on the first day that you are eligible, know how long you benefits will last, and understand any follow-on filing requirements so you don't lose benefits for missing out on providing the information
  • clean any of your personal items out of your office if you are working on site, cleanup your laptop to get rid of any personal information you may have accumulated
  • prepare yourself mentally for a long job search
  • create a budget to make sure your funds last you through the job search, get part time work if necessary to get you out of the house and active

Take action that benefits you instead of sitting around feeling like a victim, you will feel better...empowered since you have control of things.

Bumping this from @cj+1jyn7z5d9 for good advice.

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| 1664 views | | 7 replies (last June 28) | Reply
Post ID: @OP+1jys1z0re

7 replies (most recent on top)

Defmet is prime for using Ai to replace human. No brainer. Analyzing images and data is what Ai really good at. Doink.

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Post ID: @bz+1jys1z0re

Def Met is NOT invulnerable. They don't even do their jobs most shifts. You go in there to find out why your HBs have been sitting for hours and they're all staring at their tablets watching movies and playing games. We need Def Met, but we definitely don't need the people currently in Def Met

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Post ID: @bv+1jys1z0re

The only team that can outsmart AI is Def met

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Post ID: @ay+1jys1z0re

@a4 I’ve heard that Intel fidelity doesn’t charge any fee if you’re no longer employed at Intel. Money can sit there.

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Post ID: @aj+1jys1z0re

Def met can definitely be replaced by AI.
It’s literally exactly what AI is good at.

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Post ID: @a8+1jys1z0re

Def met team is invulnerable!

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Post ID: @a6+1jys1z0re

It's too late for this round but going forward consider front loading your 401k contributions, especially in years when the company is considering layoffs.

Gonna be a few more years of lower-level reductions and getting the 401k maxed out is about the only way to offset the higher tax bracket that comes with the separation package.

You can save many 1000s, although it does mess with the paystub. Something to consider if a person can stand the variability in their pay.

If laid off, taxes can still be offset by maxing out your HSA (if you have the appropriate medical insurance to have an HSA). You can contribute directly to your Fidelity acct. HSA can be cashed out for any reason past the age of 65, so is like having another Roth account. It is the only deduction which lowers FICA taxes.

Its been stated before but a person can keep their 401k indefinitely, although Fidelity will charge a fee. The 401k is supposedly immune to lawsuits, but for most people that isn't a selling point. Research the differences between a 401k and an IRA.

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Post ID: @a4+1jys1z0re

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