I have officially taken the VSP. G10 and been here for 1.5 years. ~70K. After talking to my wife and I have 2 kids, I had to take some time off. I think it will be approved. 42 yrs old. Gotta live life

Is anyone planning on taking the package and the first decent offer that comes along, then figuring the rest out later? Rather, who ISN’T planning on taking it?!? Anything to get off the rapidly sinking ship?

Does anyone have any updates about % impact for SATG for reduction? How about Intel Labs?

Did USA just lose the Chip competition against China with Intel going down the tubes?

Pat: We need state-of-the-art fabs at Intel, at any cost! Intel employees: Yes, we do! How can we help? Pat: You are the cost.

Intel doesn't make chips anymore? Is he converting Intel fabs into church?

Honest question?

Intel won’t be around that long anyways.

What happens if I don’t take the enhanced retirement? Would I be on the chopping block/first in line for IVS?

We have a total of 14.7k managers who don’t do any work and get paid way more than the average employee. Cutting management size by half would result in great savings without hurting the productivity.

I need some advice. The company just offered me a retention bonus because of the ongoing layoffs. They value my role and experience, which is flattering, but I’m torn about what to do. On one hand, the bonus is tempting, especially since it comes... — read more 

If you have, say 17 years in, you’ll get 38.5 weeks of pay, starting October 1st. Then consider the company’s outlook: what will INTC be like over those next nine months… and beyond that timeframe… will they have another CPM action in H1’25? H2’25?... — read more 

I meant a leader who can lead and not just talk. If Intel wants to compete with TSMC, hire people from TSMC as leaders and copy their culture. Don't mix other ideologies (religion/DEI) in the business management. It is a business in a highly... — read more 

Guess what intel is hiring in India now. but can BBs apply? Nope. Frozen.

Not going to apply for CPM VSP. Going to stop working (I am almost sure I'll be picked up for ISP in October and get the same package) and spend next 2 months job searching. No OKRs no late evenings. Bye bye manager and Intel

https://m.youtube.com/watch?v=b6vQlvefGxk Sorry to interrupt the layoff chat, but Intel’s chip problem is no going away and is getting way worse. I don’t see how Intel can restore its brand reputation in light of this fiasco.

https://m.youtube.com/watch?v=fyDshZ5TXoA&pp=ygUMQ3JhbWVyIGludGVs Conference call was “unconscionable” and “incoherent”. Pat doesn’t realize the trouble Intel is in an he is “in over his head”. An absolute disastrous quarter. — read more 

nothing about how many people impacted or which projects to cut. just BS talk and an update in September.

Or expected?

Some things have to happen for better days to come your way. I experienced similar situation back in 2015 and how I was going to let my family know. I don't even know how I got home. Mine was ISP and I was 55 YO and within 6 months of qualifying... — read more 

SATG CPM email out

It will let you know if you’re eligible. Looks to be by group.

How can investors trust you are serious about controlling costs? The money wasted under PG could be in the same order of magnitude as Chip Act fundings. Also by taking government funding, you are giving away liberty to do stock buybacks to defend the... — read more 

I think as always we need to give them nimwits time to proof read the email ? Any BU receive them yet?

Funny how the VSP emails were supposed to go out today but nobody has received anything yet. Furthermore no updates on Circuit.

If not now then next time around. Be prepared. Be proactive.

A lot of people will say "if you're not happy, just get another job" and "if you work hard you have nothing to worry about." For some people, the stability is important, especially with kids. And I think we all know that Intel hasn't been a... — read more 

It's grim out there, especially in the tech industry and if you're 50+ in age. Good luck!

I don’t trust this mgmt to make any sound decisions, including and not limited to layoffs selection. They’ll go for the easiest cost-cutting, by numbers, without any idea about the long-term impact of their decisions. If they were capable of proper... — read more 

The voluntary package is like a golden parachute, complete with fluffy bonuses and gentle landings. As for the involuntary package, well, let’s just say it’s more of a bungee jump—without the bungee. We keep the details vague to maintain that... — read more 

Makes sense when you realize PG was driving in the wrong direction

How much pay increase is planned for next year? How will all these bad news impact our RSU grant? I think we deserve to be paid more for job well done.

Just remove the d-rn thing. It's back to 1998 price levels.

It will be more than he deserves

It su-ks knowing that some of your eligible retiring colleagues who work hard and have a wealth of knowledge are being targeted to leave when you literally have younger lazy non contributing slacking others who will still be here after all is said... — read more 

The X-X 86 chip architecture, designed to meet the pron production and content companies worldwide!!!!

Has anyone received the Retirement Email yet?

BiggBos Le Prat raked in 100s of millions! Moral of the story: When in doubt, just sprinkle a little more holy water on your bank account.