4 ms·
Reportedly it's not just the CEO... - No merit salary increases or promotions - No more quarterly bonuses - No more employee recognition programs (e.g. no more
by mattst88 4y ago
Reportedly it's not just the CEO...
- No merit salary increases or promotions
- No more quarterly bonuses
- No more employee recognition programs (e.g. no more $25 gift card for working at Intel for 5 years)
- 401k match drops from 5% to 2.5%
and probably worst of all, 5% salary reduction for grades 7-11.
But at least they didn't cut the dividend! What a horrible nightmare that would have been...
Glad I'm no longer working for Intel.
- jacooper 4y ago> (e.g. no more $25 gift card for working at Intel for 5 years) Wow, what can $25 even get you at Intel?
- fakedang 4y agoI think it's an Amazon gift card for $25? I got one for filling out a 10 minute survey. Umm, yeah.
- mattst88 4y agoYeah, I remember when I got mine—I wasn't expecting anything, and I kinda wished they hadn't given me anything at all if they were going to just give $25. Felt pretty cheap.
- ecf 4y agoNot receiving a 7-10% raise effectively means a salary cut due to inflation, and Intel still wants to cut even more?