My feed is filled with layoff announcements from big tech, but no numbers out of Intel. Supply chain took a 20% reduction. Hearing similar numbers from marketing and finance, but why isn't anything reported?
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Well, you can go into Outlook or within Team or on the internal website - seek out a person who is in redeployment - and they map to a single HR person. When you expand on that HR person - you see several hundred people. Obviously, that person doesn't manage that many people - they just serve as the repository for all the redeploys. So technically, you could just sit there and count but clearly not worth it. The question of how many came up to MJ and she said Pat and staff were working on getting a number to share...I'll believe it when I see it. It's not just Intel that is laying off in small numbers to fly under the radar (in addition to the openly discussed head count actions)`. I'm hearing from others in recruiting, etc. that a lot of companies are doing that.
Because Intel isn’t about truth and transparency unless it suits their agenda.
I heard 7000, but there's no official number.
7000 seems far less than what they should be shedding
Not layed off yet, the voluntolds are still employees in redeployment. April is when the actual layoff numbers should hit.
Funny how the Intel transparency "value" only applies when they want it to
We've evolved and learned from the past. We don't even call it layoffs. It's CPM corporate people movement (AKA, layoffs 2.0). We're in 2.1 version of cutting your base pay, QPB, 401k contri -- totalled over 10+% pay cut.
Wait util you see the 3.0 version which is coming soon ....
The layoffs are under reported because Intel, unlike the other tech companies, is not publicly disclosing the actual numbers...
It's kind of a 'hide the ball' strategy because layoffs in the press don't really help the brand image of the company. However, all you have to do is look at Intel earnings reports and they disclose the number of employees so, you can do the math.
Intel is waiting to get money from the CHIPS Act first, then a BIG layoff after that.
Maybe because it’s a bad look to take CHIP Act money and simultaneously massively cut employment.