Thread regarding Intel Corp. layoffs

Huge RSU grants and signing on bonuses for Nervana

If you see Ferraris in the Intel garages around RNB and San Diego don't be alarmed. Last year Intel acquired AI startup Nervana for $408m for 48 employees with no real product.

For you dumb a-- Intel the deal worked this way. The backers received $50m a 100% return. The founders each received $80m in Intel RSU vesting over 4 years. Employees received between $500k to $2m in Intel RSU vesting over 4 years.

So when you get your 2.5% pay increase and 500 share award think of these poor bastards with the smug grins.

BTW watch the rubber hit the road as these guys open up their turbo chargers to race out the door in 3 years time.

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| 2780 views | | 6 replies (last October 5, 2017) | Reply
Post ID: @OP+Ps58Can

6 replies (most recent on top)

500 share award

you mean someone gets more than 200-250 I've been given all these years?!

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Post ID: @9lwb+Ps58Can

Lookup Gini factor

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Post ID: @8psn+Ps58Can

Yes, some people earn more, some people earn less. It‘s not fair. Welcome to capitalism.

If you only realized all of this today, then either you just time traveled here from the 1970‘s Soviet Union, or you‘re an idiot.

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Post ID: @krw+Ps58Can

@onc not all founders/employees are retained. Plus the acquisition team at Intel gets big bonus for finding such a gem.

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Post ID: @gyh+Ps58Can

The math does not add up

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Post ID: @onc+Ps58Can

Rest and vest

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Post ID: @dzv+Ps58Can

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