Topics regarding layoffs at Intel Corp.

Topics regarding layoffs at Intel Corp.

Question for any Management

If you are a manager or supervisor, good or bad, long term, short term. Please answer this question honestly. Throughout the years and all the layoffs, why is there still dead weight, low performing individuals still around? No matter what group or... — read more 

Why does Intel even offer severance?

It’s not required by law, so this is a genuine question. Why would they pay people to leave if they don’t have to? What’s in it for them, because we all know they wouldn’t take on that kind of cost without a reason? And I highly doubt it’s just about... — read more 

INTC isn’t dead money

To be clear it was the last four months. if it’s just going to bounce around $20 with practically no dividend you could just go buy a CD for a while and leap back in later. but as we all know after the layoffs LBT can and will do something drastic... — read more 

Question?

Since it’s Wednesday, do they still serve posole at lunch time at the Ocotillo site? It was pretty good, not like moms cooking. That’s about the only thing I miss.

What is LBTs job?

His LinkedIn is… interesting to say the least. Lists three current jobs. Two of which are prioritized above being the CEO of Intel. Since getting hired by Intel he has posted many times of LI. But not a single time about Intel. He posts about his... — read more 

This could be very much intentional

Letting us wait this long to find out about layoffs feels deliberate. People are on edge, and some have had enough, they’re already leaving. The more who walk away, the less the company has to spend on severance. Something tells me they’ll milk that... — read more 

Tax change behind some tech layoffs

Interesting article on a tax change that is causing a lot of the tech layoffs since 2022. Intel's layoffs are largely for not performing and having too many employees but this explains why a lot of companies that are doing well still laid off 10s of... — read more 

Layoff announcement starting in two weeks

Hi all. I just heard from my manager. The layoff communication starts in two weeks and will be complete by the end of June. No idea on how the severance package would be though. I am a software engineer.

The way to beat the corporation..

Save and invest 50% of your income when times are good. After 10 years you have f u money. Then in times like these you can just kick back and watch the circus.

I just wish this was over already

If I’m going to be laid off, then say it. At least then I won’t be stuck in this damned limbo, wondering every day. I feel like Schrodinger’s employee - both working and not working until Intel finally opens the layoffs envelope. You want to cut 20k... — read more 

Where is Huawei?

https://theoutpost.ai/news-story/nvidia-ceo-acknowledges-huawei-s-ai-advancements-highlighting-competitive-landscape-in-china-15996/

2on1 meeting scheduled for Monday 9am

My 2nd level manager scheduled a 2on1 meeting which includes my direct manager. She hasn't met with me before. There is no HR invited in the meeting. This cannot be about laying me off right? I am very nervous. I was hired 3 years back and have not... — read more 

Morale’s deader than our stock price

No wonder so many people dread Monday. This job has gone from something enjoyable to a prison sentence we are all counting down. It is a truly sad state of things.

Intel will never recover the cost of capital

EXTERNAL foundry revenue including packaging 2023 = $568M 2024 = $385M 2025-Q1 = $34M This is all public information from Intel’s 10Q. Notice a trend? Intel will never recover the cost of capital. Nobody is buying this. I know a lot of people... — read more 

Weird Activity on this board over past weekend

First time poster. Years long lurker. Felt compelled after seeing many posts removed over weekend and posts complaining about posts being removed also removed. The one that caught my eye was in regard to a certain group (defect metrology) doing... — read more 

employee stock plan

does anyone know what happens at layoff? don't want to lose out right before 18a contracts are announced

PLEASE SAVE REMOTE & HYBRID!

We all agree RTO will cause more inefficiencies than working remote or hybrid. Please send a message to LBT and your manager explaining that remote and hybrid is more efficient. Don't wait until it's too late!

Severance

My last employer has enhanced benefits for employees over 50, is the same true for Intel? Where could I find that info?

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