Every single person who left my team in the last year is earning on average $50k more than here. If it was one or two people I'd understand it, but we are talking about almost a dozen folks. I'd understand if the job market was good, but this is among all the layoffs that have been taking place. Exactly how underpaid are we at Intel right now?
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Used to pay better? When was that? Are you talking about stock appreciation pre-2000? Otherwise, I feel like we only started catching up in pay in the last couple years before the recent austerity cuts.
@oie G7/8 got p-hucced the hardest with paycuts too. They really need to fire about 40% G9+ that aren't doing anything except creating more work that is a distraction from actually making $$$ and quality products
This is true for any company that folks brought from outside will be anchored at a higher wage vs. Internal folks getting 2-4% yearly increments (if you are lucky). A Grade 9 who has grown from Grade 6 to 9 cannot reasonably expect their salary to be equal to a Grade 9 hired externally
It is what it is. This is why ppl move onto new roles for money or opportunity but 90% of the Intel longtimers cannot make this jump simply because they are too uncomfortable to start from 0 and rebuild all their political relationships
Nothing to see here... you get a pay bump by taking a risk and going to a new company... not by clinging to your current job in a company that is losing $Bs a quarter and putting the brakes on payroll increases...
Bleeding G7 and G8s….the real worker bees.
G7 and G8 can find more money … once you are a G9 IC it becomes tougher…. Because well you are competing with 7s, 8s….. willing to work harder for a bit less! Not many companies willing to pay ICs more than 200k…
It is clear that same person post twice a day posts to send some pessimistic notes. Just ignore them.
Why are you still there?
Everybody has known this for many many years.