Intel is brilliant! Give the people who were better and more loyal than the people the last two rounds a worse package. Shame on them. This has Zinser all over it
11 replies (most recent on top)
@cw max I had written down was 47 weeks - applies only to years of service.
@ab I heard there is a cap on the number of weeks of pay for completed years of service. Any concrete number on that cap?
@ab Yes
And if like last time pro-rated QBP/APB. Exempt can claim holiday pay - 2-4 weeks
There is no money to fund them
@a3 it has not been communicated clearly this time. No corporate announcement.
@ab PTO is only paid out in certain states. Yes in Cali, no in Oregon
Intel could have built a new fab with the severances paid out in the last 2 years.
Absolute financial disaster.
They haven't spelled it out, but yes, the standard severance package. Just no enhanced / retirement this time around.
4 weeks + 1.5 weeks per completed year of service
9 weeks in lieu of the pool.
Any PTO / Sabbatical accrued
Paid COBRA for 12 months.
Why are you confused? They were very clear on what it was and has been. Do people actually pay attention? I really hope you don’t work for Intel and you’re just a lurker.
Wait and see don't guess ull know when they tell you to sign agreement.