So if I were to get a CPM package, I would get that on August 5th ? If not I am not expecting to receive it ? What's the deal ?

Please Huang save us

Per the San Francisco Chronicle. Ouch.

Layoff is not going to fix this. So sad.

if Intel needs to align to other foundries, do we know the number of employee of the TD equivalent at TSMC ? what's the current TD headcounts and new target?

Pat Gelsinger - Almost exactly 2 years ago. https://finance.yahoo.com/news/intel-ceo-we-believe-we-are-near-the-bottom-163723841.html Clown show.

By early January 2025 around 85% of the people who are Intel employees today will still be working here. In the next 5 months ~15% of the current employees will depart via VSP, a retirement plan yet to be announced, and finally ISP. Where do you see... — read more 

AMD - 26000 TSMC - 76478 Total around 10000

Pre market price is trading well below book value. This is a disaster

Just heard that's there's no CPM for manufacturing depts. 👌

What is the enhancement retirement package for those that qualify for rule of 75?

You will have to pay to use the toilet now. No free water anymore. All kitchen corners will have a turnstile. Stop whining start working. Coffee is only for closers.

Does anyone know what is going to happen with SMG ? Is there a demand for oneAPI and the AI stack ?

At least, for 15% of us. CEO was a disaster.

I evacuated Intel in 2018 luckily. My experience in Intel CCG (aka PCCG) from 2011 to 2018 was just a disaster. BK looked down all the time CCG, like "PC is over" "We don't need PC" "Look, teams else CCG earns 60% of revenue" "We don't make dGFX"... — read more 

Team, We have moved our All Company Meeting to today, following our earnings call, as we are announcing significant actions to reduce our costs. We plan to deliver $10 billion in cost savings in 2025, and this includes reducing our head count by... — read more 

A: Lay off 20% of workforce, less people working on issues

Now, there is also $50 in divide d that you would have gotten over years but it all gets offset by inflation that happened over years

Does PTO balance get added to the CPM payout or are we advised to take it before our last day ?

Pat was hired as CEO Feb of 2021. In that time the stock price has gone from $60-$29 when Intel’s competitors can’t stop printing money. I guess I’m just confused why he hasn’t been canned? 3 years of failures when Intel sells products integral to... — read more 

I don't see any information on medical and health benefits for CPM candidates. Anyone know ?

If it’s that good, take it and lead by example.

Let's say I accept CPM and get approved by BU for CPM. Looks like I will get notified Sep 2 to Sep 6. Does the 13 weeks of pay start after the acceptance? Or does it start August 5th ?

This is trending on WallStreetBets on Reddit (link below) TLDR: Grandma died 2 months ago. Left me $800k inheritance. I'm only a junior in college as a math major and I don't really have any use for the money, nor do I have any debt (I'm very... — read more 

Circuit says BU will determine who to send CPM packages to. Then the employee can either accept or decline the CPM package and not volunteer. But those who accept the CPM package, the BU will review their application again ??? Then why the fu-k would... — read more 

So even if you decline CPM and are not a ER candidate, you may get selected for the involuntary round in October. And even if you don't get selected in October, do you really want to stay here ? I guess best option is to get a job offer by Nov 15th... — read more 

So if I get selected for CPM and decide to not apply, would that automatically take me to the top of the list for the involuntary layoff round in October?

Too inwardly focused to see the world has changed. Too stuck on one factory to rule them all. Too slow to bring new products to market. Too proud to admit it is not working. Blinded by vanity of their own invincibility. All great empires rot... — read more 

The number of layoffs in an IC (Incompetent Company) doubles every two years.

People will be either too worried about their future or too busy applying for jobs.

Does anyone know the details on the VSP and eligibility requirements?

Heard some VPs in the GEMS org are traveling to and fro to Asia every quarter. There’s one VP who travels domestically every week.

Are they eliminating it completely?

Was standing in line at Dairy Queen with my ex. The person ahead of us ordered a banana split and when she received it there was no banana. Obviously the woman complained, “Where is my banana?” The worker told her that the banana costs extra. The... — read more 

90% of the people at the Folsom site don’t even work so… fu-k em! I’ve already moved on to much better!

Asking for a friend. SMH

I’m no math genius but Intel’s press release says both 15% and 15k employees affected. Does Intel not know how many employees they have ?

What’s your decision matrix for staying versus leaving? Are there any/enough reasons to stay?