I’m staying because the ISV package is the same.
Are VSPs and ISPs really the same?
13 replies (most recent on top)
Massive brain drain talent cr-p shoot ! Better odds in Las Vegas !
Back board room tall tales and cooking the books !
Go on and take the money and run !
Fabs will be loaded with plenty of joe dokes and uncle goofys !
Can't teach common sense ! and Can't fix stupid !
Guys there aren’t the same. I don’t know why everyone keeps saying they are. There is a chance you get zero … nothing… zilch ….. take the vsp and run.
- 4 weeks + 1.5 = Same
- 9 weeks in deployment = both cash out, but for VSP it is immediate
- Cobra = both @ 12 months
- Sabbatical cash out = same
- Job hunting resources = Only with ISP
There is no 9 week transition payment for ISP. Only for VSP. Rest everything is the same
Are you sure you will be selected for ISP?
IMHO take the vsp to get a match in the job market on the folks waiting to be isp’d. intel is as dead as 8 track.
Take it . There is a chance you get nothing. Dont roll the dice.
The only truth is that you have an extra month or two with ISP. All else are guesses.
Is this info for HR legally binding? I hear some will get absolutely nothing.
Per info shared by HR in employee sessions this week, voluntary and involuntary separation packages are identical.
Extended cobra benefit and extra payout are for the enhanced retirement package only.
That’s not true! You get less of a payout with involuntary and don’t get the COBRA benefits for a year.
Oops, forgot about the extra severance pay of 8 weeks on top for the retirement pkg.
CPM AP (voluntary) and CPM ISP (involuntary) are both exactly the same. Only the early retirement pkg has the enhanced severance (on top of the CPM pkgs): $20k healthcare bonus and 6 additional months (18mos total) of COBRA health insurance.