I was fired after years of loyal service, all years with top of the line focals.
As it’s been said is nothing personal at the end, but I really hope Qualcomm and Nvidia will kick out Intel as nothing personal too, as DJI and the Chinese trashed GoPro. Warren B said once, if you want to know a company check it’s management, after failure in drones, watches, McAfee... they want to start selling AR glasses, f--- Intel! It used to be great now is sh-- and we have to paid for their stupidity.
Layoff on the way !!!
Intel culture largely s---s. Very little innovation going on as more and more work is shifted to India and Israel. For those few still in the US, it is just a paycheck these days. They see upper management is focused on getting rid of US workers (irrespective of their country of origin). Just look at how badly the client side of the company was trashed during the major layoffs. Do you remember when you could see the passion in a co-worker's eyes, hear it in their voice, and see it in the actions they took? Now, it is land of sheep and fear that M. will come after their jobs next in his push to offshore everything. All one can hope is the competition steps up and the shareholders finally wake up to hold these execs accountable for failing their employees, their customers, and the US where they take refuge it seems only to use the US government to fund various activities that rarely seem to pan out.
Correct company name = INHELL
@4ewm Perhaps the analysts who advise „the market“ know more about the matter than you do. Just a thought.
And in fact, even you don‘t seem to worry all that much about it, or else you would not be an Intel employee anymore. If you are not an Intel employee, it raises the question what you are doing here.
@3jig: What do you mean by "as if a private equity fund" ??
Bain has been running the show in the C-suite since 'SET' and are who I blame for the death of Intel culture. Things has been going downhill steadily since then, BK and HRs criminal behaviors, TMGs increasing incompetency, and the rise of unqualified staff hiring (tribal, URMs, etc.) are just the most recent symptoms of the decay.
The interesting question is how far the inertia the company had in, say, '05 can keep it going.
Another Intel "millionaire " who was booted for poor performance. Thank you for mingling with the little people in between checking your stocks, real estate, and companies. Hilarious. Don't forget the large fries in my order. LOL LOL!
@ 3avn, yes saving is smart --- probably most most folks dont realize that 19 shares in early 90's is now 608 shares. very small example for gr 5 blue badge , who slaved after it for years. imagine larger number of shares of and geting this 5X SPLIT. some of us know our cost basis too.
Interesting posts -- just a few additional points: The Intel drone show at the Olympics was not a live show. The live show was cancelled due to "logistical" problems. What was shown on TV was a pre-Olympics test run. Secondly, the recent 10K reports that the 2016 - 2017 workforce reduction cost Intel nearly 2 billion dollars and Intel also reported 1.5 billion in benefits. However, we know the real costs are much higher: lost trust & teamwork, truly invaluable experience, dependability, risk taking and constructive confrontation are all irreparably damaged. Intel had deep scars and damage from 2016. Finally, Intel's financial health is not strong. Don't be mislead by the revenue and size of Intel. Intel has very high debt levels and paid more than 8 billion in loan interest in 2016. I think Intel's best days are far in the past with very difficult times ahead. Good Luck.
Company name already changed: Intel--> indel. That is a done deal.
Intel is 50 years old. The first 25-30 years it was a real company with founders and early employees invested in the success of the company. Most employees were loyal to the company and had a shared objective top to bottom. Think of the last 30 years as if a private equity fund like Bain Capital bought the company and tried to turn it around. No real knowledge of the business. HBS type decisions. Lots of debt, new management, etc. Old timers from the first era, even most of the board, try to hang on as new mgmt is brought in to turn around the company. Nothing really has worked in the past 20 years other than the recent stock run up. It's a brutal, political and unpredictable environment. If you were at Intel in the first era, you see it today and are disgusted, worried and helpless. Lots of carpetbaggers grabbing as much as they can while they can. BK on down only care about themselves. The amazing thing is that no hedge fund took over control. Incompetent management are doing it to themselves as they grasp for a win that gets them compared to Andy. The problem is that Intel isn't competitive and all the markets are either saturated or mature. Intel might as well change its name so we stop thinking of it as the company some of us knew before 2000.
@2kxq is total trash. Fool does not realize why life for some of the savers is so great after severance. They DID NOT waste their money on Limousines and private jets. They can sit back and enjoy life without worry. What a total loser this 2kxq
Dude, dwelling on the past is beyond unhealthy- STOP IT.
😂😂😂😂😂
A boat load of stock. Don't forget to include your private jet and limousine next post. LMAO! !!!!!!!!
I also took severance after 30 yrs, but don't feel the same way as op. Reason is I have boat load of stock. OP is trash and glad he was fired.
More than USD60billion revenue doesn't seem like a company that will go bust anytime soon. As long as the world needs computer, workstations, servers, laptops, Intel will be around. AMD unfortunately isn't even available by most OEMs in many countries in the world. Try buying an AMD laptop/workstation/server from big OEMs in Asea. No such thing, its all 100% Intel only.
Middle layer management is Indian Frat Brat corporate vultures.
Hate isn’t worthy it. Be happy you left. Intel is so phucked up across the board.
In design they are so backwards in design methodology and saddled with don’t phuck it up. They don’t have dreamers or take big risks. They are followers.
If you are into silicon process or manufacturing the only reason to go is because you are desperate and have no other option. Talk to the silicon guys, they are all miserable and in dead end careers.
Intel is the GE if they are lucky and Kodak if they don’t fix a few things soon.
That is current Intel culture, will only get worse. Leave if you have choice, otherwise play tricks to get your paycheck.
Sounds like a real stormy romance
Hating Intel really isn't worth the energy for me. I sold my stock (at the height of the market) so I have no vested interest in seeing it succeed or fail.
My friends still at Intel are miserable and scared. Jones Farm isn't a happy place. Everyone knows that despite the BS, things are bleak and few can be trusted. They eat the free fruit, go through the motions and do their best. For many of them, it's really all they know.
Intel is torturing me as my opinion oscillates between love and hate,
I wanted to work for Intel ever since as a young teen I designed my own 8086 based computer - barely any kind of PC - and built it on the family kitchen table. From that moment if I was guided by any life-plan it was to choose what would eventually win me a job at Intel. I graduated near top of my class and gravitated towards Intel. After many years, 5 countries, and success in two engineering fields I took a gamble with my career, moved again, and took a position with Intel.
For nearly two decades I was an exceed or successful during focal. I was very happy doing what I had always wanted to do and was rewarded beyond my expectations both monetarily and by my peers' opinions. Unfortunately, in 2015 my team had a new boss after an early retirement of our long-term boss, and he joined us on June 30th. Because of that he 'focaled' his old and new teams, and chose to allocate more payrise/bonus money to his new team, and more RSU awards to his old team. At the time it was a reasonable decision we all agreed to as he knew how to play the promotions game for us.
So, come ACT every one of his new team - all battle-proven long-termers with generally good reputations in customer-facing roles - were affected. Within months our new boss had no (zero!) reports. I and my closest work colleagues were all out. The only survivor (on appeal), who immediately moved sideways, had been on a LOA tending for a terminally ill wife so even HR could see that was indefensible.
The said boss has now hired new folks from external and internal sources. Life moves on for him. I'm sure his new guys are great. He's a good guy so I am sure he picked the best he was offered. I hear the team is doing good things after early stumbles. His former team, myself included, have found new roles and after some upset life is good again.
So, I am whole. The severance was generous and 2016 was fiscally better for me than if I had stayed. I still hold INTC. But, I am not in the job which I was good at, which I had worked hard for, and which I had expected to have until I or someone felt I was not up to the task. I was pushed out by an ill-thought-out hastily-drawn line through the employee database which caught me in an unfortunate set of RSU circumstances. I am bitter, and also wracked with remorse because I willingly agreed to the L4 RSU grant for 2016.
Love; hate...
Intel drone show at olympics proves we are geeat.
Patience all is well and FUBARed totally, it will all happen for those that are patient
😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Under BK, work has become completely transactional, and that's why Intel s-cks these days. No passion or loyalty whatsoever.
@1kae is a shill paid for by HR dept. They use green badge contractors and interns to troll these boards and post comments praising Intel and its work environment. They do the same at Glassdoor, you can go there and find tons of similar comments. They hardly even bother to change the words.
LMAO @ KAE😂
@1kae Intel is probably your first company.
@1jlc - that may be true, but Intel is still a good place to work. I feel fortunate to have a job there. The incentives and pay are first rate and you’re surrounded by smart people in a corporate and professional environment. I love my job and the company.
For some we may feel the pain and betrayal after years of loyal service and sacrifice, but for others who play the game and move up well even though severely lacking in ability (except brown nosing), there is nothing greater than Intel in its current form. Many promoted are mainly those who are buddies and part of inner circle of higher ups. Others, irrespective whether you can perform or not, you are not one of the inner circle, your days are numbered. That’s the reality of Intel today.
BK transformed its employees into a contractor mentality. It's not personal anymore, it's just a paycheck.
I will never forgive the despicable way that loyal staff were treated in 2016.
Intel’s heart stopped beating.
It will take some time, but eventually Nvidia, Qcom, AMD, TSMC, Samsung and others will kick their sorry a$$ to the curb. Intel has got the tide of history against it now, thanks to their horribly bad decisions under the so-called leadership of the Big Klown.
Many many other x-Intel employees feel the same way. Intel knows what it did in 2016 and so do all of the other Intel employees that were around then. Moving forward in 2018 and beyond things are going to get especially interesting for Intel. 10nm must ramp this year (according to the CFO) with gross margins predicted to decline by 2 - 3% (again by the CFO). We will see what happens when investors see Intel start ramping 10nm and incurring those huge costs. AMD has superior products and there is intense competition now. Good luck.