Don't penalize the engineers/workers who do the real work! It's management who screwed up. They should take a bigger pay cut and leave the salary of the real workers alone. You NEED these workers! Downsize the inefficient management team!
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No way! I am very happy to just shut up and pay 35% taxes. Put my head down and work. I work for wealthy investors only to make them richer and inflation worse. In about 40 years, I will be history anyway.
I tend to agree with you that management decisions and poor forecasting are largely to blame. That said, this is 'at will' employment so you can choose to leave anytime you like. Unfortunately, in case you didn't notice tech is on a downturn and it won't be easy to get a new job. Good luck friend! Stay strong. God speed.
They know that 80% of the exempts are over paid. They targeted them this time an still left the non-exempts alone, they obviously can't afford to have the worker bees leave by either severance or attrition.
They can't afford to lose LTD engineering or tech employees. I predict if they are impacted it won't be until Q3 or later when ELT gets a better understanding of WTF is happening. I hope Congress doesn't give intc Capital money for factories. They could have kept all head count by simply stopping ALL new construction.
Will probably get downvoted like crazy- but genuine question: how did engineers get affected most if TD/TMG weren't even touched in first round of layoffs? Is there a consensus they will be hit soon?
In every company I worked for, whenever the management screwed things up it was ALWAYS the engineers that were affected most. Sometimes the management got fired (e.g. MR in 2019), sometimes they moved to another role, sometimes they were left intact.
They don't know who the "real workers" are.
Otherwise, things work not have gotten to this.