What’s the reason rewards planning being pushed to July instead of April?
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Why would you expect rewards when the company is trailing the industry? Your reward is a job and paycheck but I wouldn't count on those for too long...
Reward employees, then lay them off at the higher rates? chuckles
That's just pi-s-poor management.
The new reward will be them letting you keep your job.
Severance packages across multiple countries take a bite out of the budget. Probably why. Do you really expect good rewards? Dividends and preventing stock price spiral is top priority. Rewards are not.
also, layoff planning takes time (skills matrix, t viewing cuts with the boss and hr, etc) so pushing rewards planning helps cut down on wasted / overhead activities. The amount of productivity drop due to layoffs, focal, rewards, pips... It takes huge toll. AMD and TSMC don't have anywhere near this level of non-productive processes. Intel finds away to take simple processes and over engineer them.
yeah it could be few hundred millions, which could then be applied towards remaining employees (or Pat's travel budget?)
less employees by then = less $ being paid out from the company's coffers.