Thread regarding Intel Corp. layoffs

Grade 5 and below - get cash reward instead of RSU

Is this a better deal? Is the equivalent value lesser than RSU? Why they want to change to this process? Is this permanent or just for this year?

by
| 2713 views | | 8 replies (last ) | Reply
Post ID: @OP+1m5BoZrb

8 replies (most recent on top)

Usually ~120% is allocated per employee.
By giving everyone a fixed 100% cash they're skimming off a 16% cash saving.

I guess it means they can give out more stocks to higher grades?

How many people are G6? Maybe it's the largest grade and that adds up?

by
| | Reply
Post ID: @1dqx+1m5BoZrb

This review season, consider asking your manager for good references, not RSUs.

by
| | Reply
Post ID: @kfa+1m5BoZrb

Posts like this show how disconnected Intel employees are. Are u even looking at PC sales in Q1?
Talk about severance and referrals not cash rewards.

by
| | Reply
Post ID: @sey+1m5BoZrb

Look at the history of Intel RSU grants and take your pick. The stock "rewards" are a joke.

by
| | Reply
Post ID: @jme+1m5BoZrb

You'll never reach the vesting. Intel is sinking and fast.

by
| | Reply
Post ID: @nas+1m5BoZrb

Boy they did a number on your reward plans. Inflation will eat away the cash value.

by
| | Reply
Post ID: @bki+1m5BoZrb

Take what ever you can get. I am surprised that a company that is losing money is giving any rewards. Cash is always good, getting RSUs that will vest after you have been laid off are worthless.

by
| | Reply
Post ID: @fns+1m5BoZrb

Cash me outside, howbow dah?

by
| | Reply
Post ID: @syk+1m5BoZrb

Post a reply

: