Thread regarding Intel Corp. layoffs

Who tf holds on to that sh-t? Must be folks who actually get more than the measly crumbs us fab workers get.
Selling it at vest gets me a full tank for a month.

G9, $130k vested, $140k unvested (includes CTR). Only sold stock once, $50k, 4 years ago

Spouse works for fruit and has $1M vested and $700k unvested, and has worked 2 years fewer than me. I am not good enough to join them unfortunately.

@3szh: was the fruit company a good one like now to you to join 10 years earlier? Or, when you joined the company, your INTC work experience did not help you to get higher pay?

I was averaging about 40K RSU per year with zero stock growth. Moved to the fruit company and basically doing the same work. RSU grants are now averaging around $170K per year along with great stock increases and significantly higher base. I really regret having not changed earlier because I will never get those years back. Had I changed 10 years earlier I would have been in a very different financial position. As an older engineer I'm worried I'll never be able to catch up after so many years of falling behind financially. I don't have that many years left to work. If you're younger please don't do what I did waste your life. Change to any of the tier 1 companies. It will make a massive difference to your life financially and the sooner you do it the bigger the difference.

50k refresh for a grade 9 is pathetic.
Apple gives out 150-200k per year at that level.

Don’t take my word for it. Ask around and get on blind for more comp transparency.

Why are you still here?

why bother staying with Intel. Intel share won't go up no matter how hard you work there. Employees at AMD, Nvidia, APPLe, Qualcomm already make millions. Ditch this Intel for your last effort. Intel can only go up to $100 that is it but still a very long way. You are working for a company that has no future.

I got a grand total of $20k RSU's vested
FML

@1bko - Not true. Intel started giving RSUs in 2006, which makes it only 15 years since. Plus, it's extremely unlikely G9 poster would have been sitting pretty at G9 for more than 15 years (without having getting kicked out during SET or multiple ACTs). More likely he/she went through at least two or three grades at least in that timeframe. So, he wouldn't have been getting G9 level RSUs for all of those 15 years. Also, the unvested amount is about 2x higher than what it should be for G9 as another poster stated.

Ask your AMD, Apple and Nvidia friends.
Many of those people have MILLIONS.

You're getting screwed by staying at Intel. Seriously underpaid.

Vested = 0, I'm not holding that dumpster fire.

4

$425K unvested is theoretically possible too. With a 4 year vesting schedule it's always 2.5 years worth of grants outstanding. Say, some grade 9 is so good they got $100k yearly, that gives you $250K. Throw in those retention RSUs Pat was supposedly handing out earlier in the year and you may start getting into the $400K territory.

Makes no difference though. The stock's in the toilet and will at best keep floating there while at worst get to IBM's market cap level, meaning half the current price making that number only look good on paper. Based on the current state of things my bet would be on the latter.

@1bko the unvested is the lie. nice try, Pat.

It's possible. Intel started giving RSUs (instead of options) about 20 years ago and, unlike options, once vested these never expire. If one has never sold: 20*$50K = $1mil which is the claim here.

@gba - Because grade9 dude/dudette provided info doesn't ring true.

Grade 9 on average gets less than 50k in RSU per year. And it’s not as if INTC is such a sweet performer.

Doesn’t add up.

Why so many dislikes for the grade 9 dude/dudette?! :)

Grade 9
600k vested (have not sold in awhile)
425k unvested