Thread regarding Intel Corp. layoffs

@OP it doesn't matter if they are sold. Semiconductor companies have been doing thus for years.

@OP
Is the OP really a F34 employee?
Above a certain number of reduncies - Irish employment law requires a 30 day consultation period before employees can be informed of their redundancy. That 30 day period only started this week, so it will be mid August before folks know their fate but they've been informed of a potential impact.
Also, 5 weeks normal pay + 2 weeks statutory thats capped at €600 is the same package as last year.

There is safety in large numbers. Like when those huge schools of fish are able to survive as a group against a great white shark. A shark can't possibly eat all of them.

I don't suppose the little fish 'feel lucky'... but must do survive.

Of course if you are thinking of yourself, it would be hard to 'feel lucky' that the cuts were 4%. But, if you are thinking about the entire group, you would feel very lucky indeed.

195 jobs cut in Ireland. Which is about 5% and way less than 20% cut expected across the company worldwide.

@ab They just got laid off and you're saying they should count themselves very lucky?

Which area? Fab or FFO?

@ab @OP said that it's more than 4%, which I assume was reported somewhere. Meaning more than was anticipated.

4% doesn't sound too bad. The company is on the ropes and has been bloated for years so count yourself and Ireland as being very lucky.

About time the overall layoff burden is expanded to those outside the USA. Far too often, US employees are the ones who get whacked, while lazy employees in Europe get spared due to "labor laws".

@a2 how are you all being notified?

@OP got my letter this morning and few people got letters today from my area. Which area are you in? Good luck

Good luck!