There is still amazing people to work with and very interesting projects. However, budget in projects is very dull and depends how well the project leads convince management for a chunk of the cake. The company offers great benefits (healthcare, etc).
Politics and poor execution are killing the company. Too many people likes to talk and present slides. Minimal budget is hard to achieve for a project. In research we don’t have access to any hardware for doing AI, and we don’t have access to data. Barely any travel is allowed and the company is reluctant to progress and AI. Old management that is not open to listen or to progress. Too much investment is going to factories that are just losing money. Stock bonuses are down by 40% in the past three years, heavily reducing TC. The bonuses given are also shrinking by the same amount such as the company is paying less with the expectation that stock will rise. The opposite is happening.
170k https://www.quicktechnics.com/en/post/intel-will-lay-off-20-000-employees #layoff
https://x.com/macroedgeres/status/1775266112885932171?s=46&t=4pXKP-btzJvJm-GLfAte1Q Is it true ? Is it a regular layoff or is Intel SMG a canary in the coalmine ? #intel #layoffs
Anyone knows which group @ Intel is getting impacted?? I read the news on 20,000 layoff - about 20% PC team impacted but which Business Unit or Group getting re-org or impacted??
Did intel complete layoffs? If so what’s the percentage affected and the severance package?
Rumours of another round of layoffs at Intel at last night's meeting. #intel #layoffs
Intel Layoff continue, company fires over 100 employees to cut costs.#layoff #recession #severance
https://www.cnbc.com/2019/04/16/intel-announces-plans-to-pull-out-of-5g-smartphone-market.html #Layoffs
https://twitter.com/markgurman/status/1579963697996627968?s=46&t=WHseDT_a-VMBW2XR5s2OhQ
who will decide whom to fire? managers still don't know if their team will have layoff and by how much? Had an offer from Intel. I guess it's gone. TC:120k
For real? I thought it was a stable company. Just read the news on Bloomberg. #Intel #layoffs #tech
As per todays news reports some one from the leadership team indicated company wide 20% layoffs will happen and will be announced at the next earnings call. (As google, nvidia and lot other companies are doing this layoffs Intel having worst year interns of PC sales are least expected not to go for ...Read more
Any update on the layoff on intel blind channel? which orgs are on the chopping block?
Asking for a friend Are the ongoing intel layoffs performance based?? Especially in the hardware roles
Is intel graphics team eyeing at layoff ? Have offer from intel and Heard from a friend not to join intel #intel #graphics #layoff TC :150k YOE : 3 yrs
How many and when… Or is it so bad there they can’t even get their decimal placements correct?
Is intel really planning to layoff ‘20000’ as reported by some sources earlier? Haven’t seen anything significant yet (in engineering). Also which orgs are likely to be affected and will people on the fab side (process engg etc) be hit? #Intel #layoff #hardware
intel CEO hinted cost reduction recently. Are layoffs happening already? #intel
does anyone have the list of people who were let go? i think i can help quite a few of them.