Got the dreaded 1:1 invite from my manager for tomorrow morning. Scuttlebutt is a 20% cut in CESG SW. Looking forward to working for Intel's competition!
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Get out while you can. There are only so many rounds of lifeboats for this titanic.
Potentially you have the golden parachute.
Folks who will be left over at Intel dont have any raise or promos and are way more sad.
Job market is still very good.
In Europe it is started last week. % seems to be lower
Co moving way to slow in cutting heads. Hard to understand other then too much 'hope' and 'wishful thinking' about demand rebound and IFS ramp.
You can't lose $3B a quarter for very long before you have to throw in the 'hope' towel.
i'm no longer at intel. during the 2016 culling i had a few friends let go. i told them 'trust me, the people being let go now will be considered the lucky ones in a few years.' i suspect the same will be the case for those being let go now (as the ones in 2016 turned out to be).
That calls for a celebration! Are you going to act happy, sad, or cry during the meeting?
I was jubilant during mine, and thanked my manager.
Wishing you all the best!