Why would anyone with actual talent work at Intel?
Intel has been an amazing employer for decades before we got to the point where we are now. But even at this moment, Intel pays well and provides decent benefits. I understand the pay cut and layoffs are an issue, but nobody will take you seriously if you caricaturize Intel as this awful place where nobody with a degree would be caught dead. That's just not the reality.
It’s probably worth hanging in at Intel while you look for another job, then if something comes thru, see how long you can Office Space it doing literal nothing but collect paychecks until Innotech finds out and fires you.
gr9 is equally abused, 24x7 work expected plus an institutional wall to gr10 if you are not in research areas. i just took the cpm out of no prospects to grow
@ubw+1lkBnvt1 Yes! Tom Brady and Elon Musk will save us all
Look, all points well taken in both sides, but let’s not discount the x-factor that if (when!) he is going to come back to save the day, Tom Brady is far more likely to join Intel than Samsung or TSMC.
The only time people with good engineering degrees or credentials come to Intel is when they get bribed with millions of dollars (Keller), or they sold their company to Intel for millions of dollars and just waiting for the stock to vest so they can dump it can move on with their lives. At any rate, neither of these groups stay long enough to change Intel for the better because they know that they CAN'T save a ship that already is sinking. Momentum, Inertia and all that. Sorry, can't d-mb it down much more for the non-technical audience at Intel.
"this awful place where nobody with a good degree would be caught dead"
FIFY
Look at the stock price. It is where it is was back in 1998. Basically no shareholder value was created in the past 25 years, when Intel was less than 30 years old. It is a dinosaur tech company now whose main value is to be a H1B lottery ticket for Indians. Even tens of billions of Biden bucks will not save it now because the execs know only how to extract value for themselves, not create value for shareholders.
Have you tried to hire talented new grads?
Go to an industry conference where they present their research.
Go talk to them.
Ask them where they want to work.
Intel isn’t even in the top 10.
The reasons are obvious, and yes, it is that bad.
Pays well relative to what exactly?
At a certain level RSUs are a big component and the RSU comp of competitors is way better . The only ones that don’t know this are so sheltered in their Intel cocoons that they have no idea what is on offer at the competition.
The comp get amplified when you consider that RSUs actually increase in value with a growing company instead of flat to down at Intel which had no growth for 15 years and now a severe downturn.
@ycy. There are no unions at Intel composed of Intel employees. Not sure if there is a company rule forbidding it. But Ive observed Intel management have taken measures in the past to undermine efforts of employees from forming one or behaving like one.
It’s a great to place to work if you’re Grade 8+ everyone below just gets abused for less pay and benefits.
Reality distortion, LOL
Intel's pay is OK, by management's own standards it's currently at ~90% of the industry average (95% target - 5% pay cut). The problem is not that but feeling being part of a business with no clear prospects and getting to deal with all the top-down company culture issues that come from that. Intel's reminiscent of the 1970's US auto-industry: the pay's still good (unions), but the products are cr-p and, with all the baggage accumulated milking the high margin 10 mpg highway cruisers, there is no clear path forward against the competition.
If you don't mind a semi-toxic work environment with dishonest management and HR, and working with a moderate risk of getting laid off or a forced pay cut and no bonuses for the foreseeable future, then sure, a paying job with benefits is better than no job in this economy.