I would like to express my concern regarding employee compensation at Intel, as opposed to solely focusing on profit margins. It has come to my attention that many employees feel they are being underpaid and not receiving bonuses. It is important to note that while financial losses can be recovered, the damage to the company’s morale, once affected, is not easily repaired. Building and maintaining trust among employees is a complex endeavor, and in the face of high inflation, it is crucial that employees at Intel are treated with the respect they deserve.
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ACT definitely changed the way I thought about Intel. No doubt.
It was capricious and dishonest. That “It’s not a layoff, it’s a transformation bullsh-t.” The latest cuts were painful but at least more upfront.
There are still too many employees for a business that has declining revenues at a double digit pace. They still haven't touched TMG yet, which is a huge bloated organization which got Intel into the trouble they are in today (late on litho transitions, bad yields on 10nm, a cost structure that makes using TSMC cheaper than internal mfg... and that's after TMSC is making 50%-60% margins per Pat).
Don't fall for this. The OP is an HR plant trying to get information.
The damage done to employee trust and morale by BK while CEO was monumental. Not to mention his responsibility in losing Intel's lead in process technology. Far worse than PSO's turning down the iPhone, or CRB's nearly gambling the company's future away on Itanium.
You're an "investor" and you come to a site full of disgruntled employees and trolls to get information? Yeah, right.
Employees got to know how the company feels about them with ACT. There is no recovering from that.