One of my friend who works in HR told me that Pat and HR are working to give out of focal inflation adjustment raise in October. Also working on formula for RSU adjustment due to recent stock price drop. Past RSU grants above $40 will be adjusted to give extra RSUs. It will be announced in next insight. Excited to hear news about comp adjustment.
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they'll get the inflation raise as part of their layoff package.
The Inflation Reduction Act should kick in any day now and address your concerns
Any inflation adjustments in 2025? Or just more stay-in-your-lane?
Hope more inflation adjustment raises are coming.
As an inflation adjustment, on November 15th, 2022, each BB employee shall receive: one IDM 2.0 lanyard, one handheld pinwheel (blue and white), three pieces of fruit, four full cups of soda (aka “pop” in Ohio and Oregon), one sheet of aluminum foil to mold over their head into a hat, two rolls of Scott brand toilet paper – not Charmin, six bottles of baby formula with melamine, one live chinchilla (OK to load into a FOUP and send to various tools), one nonfunctioning Charging Bowl, and 15,000 stock options at an $80 strike price.
This post is not aging well
So far no info about out of cycle raise due to high inflation? Will it be announced next week? Any idea for RSU top off similar to snap due to low stock price?
OP here for update -- 5% raise confirmed and coming October end. Still no information for RSU adjustment.
So, I will be able to afford a gallon of milk again? Yay!
@1bru+1iK2evlC intel is not competitive at anything, least of all in compensation.
Only in DCAI, you will get a Llama as either a pet or Thanksgiving dinner.
Can I get a kitten instead?
Also every employee is getting a puppy.
Dream on!
Absolute nonsense
Intel has already very competitive compensation package despite current challenges. No need to this and it’s a false rumor.
Not true . Someone thought maybe funny to post. We already spent 2 billion to have more salary competition in market. Not believe whatever you see here.
I'll believe it when I see it. My site didn't even get the 7% last year.
HR here. Intel is doing so well and as such senior management has decided to reward all employees for job well done. We will keep rewarding you all so long as the company keeps performing like it has been during the last couple years. With the stock at the record hi it only makes sense to reward you all for the job well done. Keep up the good work now. BTW, we will put a meeting notice on your calendar before the year end to thank you personally.
@rzo+1iK2evlC -- No layoffs in plan.
@jiw+1iK2evlC -- My friend doesn't know exact percent. But currently range bet'n 5-10. Don't expect double digit though.
Maybe layoff some then use the budget to comfort others?
Lmao manager is trying to fool me that this is a raise.
What percent? This seems unreal. BUs are instructed reduce spending.
@zmg+1iK2evlC -- It is for everyone.
Might not be for everyone.
This is amazing. Intel is a GPTW.