So ...
First they take our bonus,
then our salary,
then our 401k ...
And god forbid if you are still a loyal employee and holding shares which are cut in 1/3rd, you used to get some dividend.
They took even that away.
So employee totally stripped of everything.
Its surprising how people are thinking this is a good thing.
Yes, this is good for long term, but in short term it sucks even more for employees. You are not even going to get your dividend.
You are more poor than yesterday.
PG: We’re in this together
Intel has started eating the seed corn. Yikes.
Are we Grovian yet?
Here is a list of CEOs and how much money they have poured down the drain:
CB: Itanium 3.5billion
PSO: McAfee 6billion, WiMax 1billion
BK: Atom 4billion, Drones+Quark+Galileo+Wearables at least another 4billion
Now PG is getting his turn - 10billion to splurge on IDM2.0
You forgot about prolonging the life of manufacturing equipment. Wasn’t that another $4B in savings?
So pay cut saves 1 billion+dividend cut saves 3billion=4billion.
Question - does cutting dividend save cost i.e. improve margins?
If PG wants to cut waste, it is not by cutting dividends or employee salaries. It has to be thru layoffs. Unfortunately, it seems woke folks are getting heard in Intel more than people with decent ideas for recovery.
Why would anyone with actual talent work at Intel?
There are so many better options.
Brain drain will continue to be a big issue.
Jim Cramer says Pat is a "nice guy"
https://youtu.be/rPNNlqiAoEY
still waiting for ceo to have deeper cuts to his salary to prove that he is confident of his idm 2.0
"I am altering the deal, pray I don't alter it any further."
Also…you work here. WTFFFF are you doing holding Intel shares?
Your employment at Intel makes you highly exposed to Intel already. Diversify away your hard-earned money from what you know as an insider to be a total dumpster fire.
Are you just waking up to the fact that this company sucks?
Dividends should’ve been the next thing after layoffs, and before pay cuts.
You don’t fire a bunch of people because your model is broke, and then reward the ones remaining with less money. As usual, slow to admit the truth: they’ve turned the Intel cash cow into a veggie patty. Gross.
More layoffs are coming
More dividend cuts are coming
Stock price will be in the teens by end of the year
What a time to be an Intel employee