- 9wks in CPM
- 4wks severance pay
- 1.5wks per year capped @47wks max
- vacation and sabbatical weeks inclusive
- 2022 APB
- 12 month COBRA
- 6 month career help by agency
- BU has option to opt out of VAP.
Do your math.
37 replies (most recent on top)
Confirmed today : mass IT layoffs will start Jan 1st week. GBs and folks in vendor teams got notified of cuts. Impacted BUs got notified so that they join together and put some of their $$ in IT's tincup...if they really need their IT supported programs to continue beyond Jan 2023
For what it is worth, I am an Intel employee and I had trouble deciphering OP. Given the hate towards the guy that was asking for clarification, I wonder who is trolling who.
@isd here. Still not trolling, still won't be stopped.
Two top notch engineers looked at Intel's package and decided to take CPM VAP now. Going away party next week.
@isd here. Not a troll. All you id--ts can STFU.
Correct. Vacation and sabbatical are independent of the 47 week cap
Another thread said that vacation and sabbatical weeks were not part of the 47w cap. Which is true?
If you have to explain these abbreviations to a person they are not an Intel employee, they are a troll. I don’t know why you would waste your time explaining things to a troll.
Ty
@isd+1jvhD14L
CPM = Corporate People Movement
APB = Annual Performance Bonus
BU = Business Unit
VAP = Voluntary Application Process - employees can apply to be considered for the package. Each business unit gets to decide whether to offer this option. If offered, management of of the business unit decides whether to accept an employees request to be free or not.
@OP deserves no credit whatsoever for being a twerp.
@OP...nice work trapping a troll.
@OP is still a twit for not writing like a normal person.
I won't be stopped.
This is VERY attractive.
If you consider that they pushed rewards and promos out. I have no reason to stay.
@isd here. Nope. OP is a twerp. And I will not leave. Nothing any of you can do about it.
@isd+1jvhD14L, ha ha ha ha ha troll
any info on packages for Germany?
By law, COBRA (the right to continue in the current health plan, at its full cost) has to be _offered_ (not _covered_) for 24 months. The package may apparently also be covering its cost for first 12 months.
@jai - never seen them round up
Please note that this is for the USA only and numbers for all of us that are overseas will differ
https://www.facebook.com/TheLayoff/posts/pfbid02Kr1uqKBuyZmsS3BVM3357oFcCyWRzHZGDrKQoaMVWugujQEd8hofrnc4PYB2zGX8l
Do the round up if you are at 8.5 years for example ?
This time around only 12 month of COBRA support is being offered instead of 18. After the 12month, you need to find your own or pay out of pocket to continue with COBRA.
@snw Not sure how it's paid, but I heard it could be distributed by Oprah Winfrey
How is severance paid lump sum?
Yeah, also I thought that COBRA had to be offered for 18 months, so what does the 12 months COBRA mean in the OP?
@vam, are you sure? There is already a federal law that gives the right to pay for COBRA. Intel intends to pay the premiums in this package if it’s listed as some perk.
@isd+1jvhD14L Apparently you don’t already know, which means you don’t need to. Get lost.
@afb, You will need to pay for Cobra out of pocket. If you have an HSA, then it can be used to pay for Cobra but not other health plans.
Does that mean Intel will pay the COBRA premiums for 12 months?
Btw this is US only, other sites may vary
Information Security does not feel anyone is critical - opens with no exceptions
Sorry only can be deciphered by Intel folks. Others don't bother.
They don't want to loose key job functions and positions. So my BU opted out :-(
Sweet! This is very generous relative to industry standards. 10 year employee = 28 weeks of pay.
So, take two weeks off and vacation in Hawaii to clear the head and get resume typed out. Then come back and have six months to land a better gig.
CPM? APB? BU? VAP?
Please rewrite your entire post like a normal person, you twerp.
Why would ppl not take this if 20 year plus