looks like my department is still hiring (for both junior and senior positions) despite the hiring freeze announcement last month.
Intel
Intel
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Jul 15 2022, 12:14 AM
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1,974 posts Joined: Dec 2011 |
looks like my department is still hiring (for both junior and senior positions) despite the hiring freeze announcement last month. iSean liked this post
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Jul 15 2022, 12:18 AM
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QUOTE(soules83 @ Jul 14 2022, 08:20 AM) haha...not just that, i heard their expectation is crazy. weekend + 12 hrs of daily working is expected if not you will not finish your workload. not sure where you heard that. from my experience, you are only expected to work at least 40hrs per week and it's flexible on how you do your work, especially now with hybrid working mode. it's more towards work-life integration than work-life balance now, based on the type of work covered. i would say work smart than work hard. no need to spend 12hrs daily + weekends, unless you are getting OT for it.This post has been edited by ipohps3: Jul 15 2022, 12:20 AM |
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Jul 16 2022, 09:31 AM
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954 posts Joined: Dec 2006 |
QUOTE(soules83 @ Jul 14 2022, 08:20 AM) haha...not just that, i heard their expectation is crazy. weekend + 12 hrs of daily working is expected if not you will not finish your workload. I think mostly young engineers who are starting out do that to move up.I remember when I joined long ago almost everyone in my batch doing extra to move up. Fast forward to today and I see my friends there are pretty relaxed. A lot holding very high positions - some are directors and principal engineers. When you get more experienced, you'll pace yourself better to avoid burnout. You'll want to spend more time with family too. Put in extra hours only when absolutely necessary and if the impact is high. |
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Jul 16 2022, 06:59 PM
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#984
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QUOTE(thesoothsayer @ Jul 16 2022, 09:31 AM) I think mostly young engineers who are starting out do that to move up. principal would even worse hahaha... as far as i know at this lvl, the expectations is you can forget about your family. weekend work for at least 8hrs is expectedI remember when I joined long ago almost everyone in my batch doing extra to move up. Fast forward to today and I see my friends there are pretty relaxed. A lot holding very high positions - some are directors and principal engineers. When you get more experienced, you'll pace yourself better to avoid burnout. You'll want to spend more time with family too. Put in extra hours only when absolutely necessary and if the impact is high. This post has been edited by soules83: Jul 18 2022, 11:24 AM |
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Jul 16 2022, 07:30 PM
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#985
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QUOTE(ipohps3 @ Jul 15 2022, 12:18 AM) not sure where you heard that. from my experience, you are only expected to work at least 40hrs per week and it's flexible on how you do your work, especially now with hybrid working mode. it's more towards work-life integration than work-life balance now, based on the type of work covered. i would say work smart than work hard. no need to spend 12hrs daily + weekends, unless you are getting OT for it. the expect of 40 hrs is just on paper but actual practice as i heard of is beyond that due to the need to met OKR set. |
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Oct 11 2022, 12:04 AM
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#986
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Probation
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QUOTE(soules83 @ Jul 16 2022, 07:30 PM) the expect of 40 hrs is just on paper but actual practice as i heard of is beyond that due to the need to met OKR set. Many may go extra mile but it’s all our choice. If it is not in their capability, then they need to talk to the manager when the goals are set (training or support required? If impossible to meet the goal, should not set this goal at the beginning) I’m still in hybrid working mode, back to office only once awhile but optional in many cases, so whether to work 40hours or not is hard to measure. New norm of working.. Msia has many good companies, there could be good apple or bad apple. What I have heard from my friends from other companies or foreign companies, I think Intel is a great place to work..good teammates and managers, they are supportive, considerate, inclusive & pay and benefits are stil comparable. Other notes: knowing that SG has 3x pay (earn quick), but I think still worth to stay and serve in Msia, because of these good companies. 😇😇 |
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Oct 17 2022, 02:59 PM
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QUOTE(Jojoco @ Oct 11 2022, 12:04 AM) Many may go extra mile but it’s all our choice. If it is not in their capability, then they need to talk to the manager when the goals are set (training or support required? If impossible to meet the goal, should not set this goal at the beginning) no, it not...its all depends on your grade. the higher it goes the worse your working hours due to the grade expectations. and yes working beyond 40 hrs is norm in intel. btw, goals are set by manager, you have very little option to nego as intel have high requirements when come to department survival, managers also need to make sure their ppl can 'perform". and....now i think a few inteller should soon become ex-intellerI’m still in hybrid working mode, back to office only once awhile but optional in many cases, so whether to work 40hours or not is hard to measure. New norm of working.. Msia has many good companies, there could be good apple or bad apple. What I have heard from my friends from other companies or foreign companies, I think Intel is a great place to work..good teammates and managers, they are supportive, considerate, inclusive & pay and benefits are stil comparable. Other notes: knowing that SG has 3x pay (earn quick), but I think still worth to stay and serve in Msia, because of these good companies. 😇😇 This post has been edited by soules83: Oct 17 2022, 03:42 PM |
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Feb 2 2023, 04:42 PM
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Intel's CEO will take a 25% pay cut, as the company attempts to compete with global chip manufacturers and prevent further layoffs
Aidan Pollard Feb 2, 2023, 12:51 AM Pat Gelsinger Intel CEO Pat Gelsinger is taking a pay cut. Business Insider Intel's CEO and members of its executive team will take pay cuts of up to 25%, Reuters reported. Intel told Insider the company is working "to reduce costs across the company." The move aims to free up cash for investments in line with company strategy, Intel said in a statement. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Email address Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. Intel's CEO and its executive leadership team are taking pay cuts of up to 25%, as the company attempts to navigate a shaky economy and avoid further layoffs, Reuters reported. A spokesperson for Intel told Insider the company has made "several adjustments to our 2023 employee compensation and rewards program," part of a larger effort to "navigate macro-economic headwinds and work to reduce costs across the company." "These changes are designed to impact our executive population more significantly and will help support the investments and overall workforce needed to accelerate our transformation and achieve our long-term strategy," the spokesperson said. Intel's chief executive Pat Gelsinger is taking the largest cut at 25%, while other higher-ups will have their salaries reduced by 5%, 10%, or 15%, per Reuters. The move announced Tuesday comes as Intel's stock continues to slump, after the chip manufacturer's value was halved in the last year, Bloomberg reported. The company's stock has been volatile in recent weeks, after recovering somewhat from a low last fall. It also comes as other companies opt for executive pay cuts in an effort to prevent mass layoffs. Among them is Apple CEO Tim Cook, who is taking a 40% pay reduction this year, according to documents filed with the Securities and Exchange Commission earlier this month. Still, Intel hasn't been totally impervious to layoffs — the tech giant warned California officials earlier this week it plans to layoff more than 340 employees from its Folsom campus, stating it is "identifying cost reductions and efficiency gains," per local outlets. Intel predicted one of the worst quarters in its history last week, as the PC market cools following years of growth during the pandemic, according to Bloomberg. The pay cuts aim to free up cash within the company to be invested elsewhere — with the aim to save up to $10 billion per year by 2025 — as Intel looks to build new manufacturing plants in the US and Europe, seeking to compete with chip manufacturers in Asia, Bloomberg reported. https://www.businessinsider.com/intel-ceo-t...-layoffs-2023-2 Feels on the current tech layoff (CPM) and budget cut situation? This post has been edited by iSean: Feb 2 2023, 04:42 PM |
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Feb 3 2023, 11:20 AM
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#989
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QUOTE(iSean @ Feb 2 2023, 04:42 PM) Intel's CEO will take a 25% pay cut, as the company attempts to compete with global chip manufacturers and prevent further layoffs this time they will cut ppl quietly.....stay away from intel for your own health and job securityAidan Pollard Feb 2, 2023, 12:51 AM Pat Gelsinger Intel CEO Pat Gelsinger is taking a pay cut. Business Insider Intel's CEO and members of its executive team will take pay cuts of up to 25%, Reuters reported. Intel told Insider the company is working "to reduce costs across the company." The move aims to free up cash for investments in line with company strategy, Intel said in a statement. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Email address Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. Intel's CEO and its executive leadership team are taking pay cuts of up to 25%, as the company attempts to navigate a shaky economy and avoid further layoffs, Reuters reported. A spokesperson for Intel told Insider the company has made "several adjustments to our 2023 employee compensation and rewards program," part of a larger effort to "navigate macro-economic headwinds and work to reduce costs across the company." "These changes are designed to impact our executive population more significantly and will help support the investments and overall workforce needed to accelerate our transformation and achieve our long-term strategy," the spokesperson said. Intel's chief executive Pat Gelsinger is taking the largest cut at 25%, while other higher-ups will have their salaries reduced by 5%, 10%, or 15%, per Reuters. The move announced Tuesday comes as Intel's stock continues to slump, after the chip manufacturer's value was halved in the last year, Bloomberg reported. The company's stock has been volatile in recent weeks, after recovering somewhat from a low last fall. It also comes as other companies opt for executive pay cuts in an effort to prevent mass layoffs. Among them is Apple CEO Tim Cook, who is taking a 40% pay reduction this year, according to documents filed with the Securities and Exchange Commission earlier this month. Still, Intel hasn't been totally impervious to layoffs — the tech giant warned California officials earlier this week it plans to layoff more than 340 employees from its Folsom campus, stating it is "identifying cost reductions and efficiency gains," per local outlets. Intel predicted one of the worst quarters in its history last week, as the PC market cools following years of growth during the pandemic, according to Bloomberg. The pay cuts aim to free up cash within the company to be invested elsewhere — with the aim to save up to $10 billion per year by 2025 — as Intel looks to build new manufacturing plants in the US and Europe, seeking to compete with chip manufacturers in Asia, Bloomberg reported. https://www.businessinsider.com/intel-ceo-t...-layoffs-2023-2 Feels on the current tech layoff (CPM) and budget cut situation? rahtid liked this post
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May 9 2023, 11:49 PM
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#990
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QUOTE(petpenyubobo @ May 9 2023, 06:27 PM) Intel Layoffs Announced After Company Sees Largest Quarterly Loss Ever Layoff again https://www.usatoday.com/story/tech/2023/05...fs/70197173007/ ![]() A wave of layoffs continues to rattle the tech industry, with semiconductor chip manufacturer Intel on Monday confirming that it plans to cut its workforce to reduce costs. The company declined to share how many workers would be affected but said the layoffs would take place across the company. “Intel is working to accelerate its strategy while navigating a challenging macro-economic environment,” the company said in an emailed statement. “We continue to invest in areas core to our business, including our U.S.-based manufacturing operations, to ensure we are well-positioned for long-term growth.” Intel last month reported its largest quarterly loss in company history amid a slump in personal computer sales. First-quarter net loss was $2.8 billion and revenue was down 36% year-over-year. Despite the loss, the company paid out $1.5 billion in dividends. Reuters reported the Santa Clara, California-based company cut employee and executive pay earlier this year. And The Wall Street Journal in October reported that Intel was beginning targeted job cuts and aimed to reduce costs by $3 billion in 2023. https://forum.lowyat.net/topic/5378100 |
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May 10 2023, 05:35 PM
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not surprised. And the environment of intel is getting hostile. for those who still inside...good luck🤞
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Jun 26 2023, 12:05 PM
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QUOTE(soules83 @ May 10 2023, 05:35 PM) not surprised. And the environment of intel is getting hostile. for those who still inside...good luck🤞 Just very lucky dodged a bullet D**I group was planning to layoff 5%... (200 ppl). anyhow seems like Intel is hiring staffs for Pelicans, if you're interested and wanna do referrals do let me know. I give some kick back to you |
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Jun 30 2023, 04:36 PM
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#993
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QUOTE(iSean @ Jun 26 2023, 12:05 PM) Just very lucky dodged a bullet congratulations! but i think it wont ends here. there are another round coming.D**I group was planning to layoff 5%... (200 ppl). anyhow seems like Intel is hiring staffs for Pelicans, if you're interested and wanna do referrals do let me know. I give some kick back to you join intel? hell no thanks. I enjoy worklife balance, which allows me to pursue new technology at my own pace. And especially intel idm 2.0 team, that one i will 200% avoid. Heard that the environment is very hostile, not worth wasting my time politicking there. little stress is good for learning, but intel is overstress lol. This post has been edited by soules83: Jun 30 2023, 05:00 PM |
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Aug 7 2023, 10:09 PM
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#994
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Agreed with others, intel pay no longer competitive as there are many other better offers. As for politics, I know many people talk big but cant do type and actually got away with it. Some so called seniors pass their task that they dont know how to do, to junior and blame them when shit happens. Highly suggest fresh grads to avoid intel unless you plan to stay there 5yr+ because you will do grunt work that are useless outside of intel. Only Intel AMD uses x86 architecture, and other companies use ARM. Better to join startup as you can build things from scratch and learn more industry wide knowledge. Just my 2 cents. soules83 liked this post
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Aug 28 2023, 09:24 AM
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#995
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QUOTE(redbull123 @ Aug 7 2023, 10:09 PM) Agreed with others, intel pay no longer competitive as there are many other better offers. Hmm, seems like I dodge a bullet.As for politics, I know many people talk big but cant do type and actually got away with it. Some so called seniors pass their task that they dont know how to do, to junior and blame them when shit happens. Highly suggest fresh grads to avoid intel unless you plan to stay there 5yr+ because you will do grunt work that are useless outside of intel. Only Intel AMD uses x86 architecture, and other companies use ARM. Better to join startup as you can build things from scratch and learn more industry wide knowledge. Just my 2 cents. Same as what my ex college mate went through. O well. Look for others I suppose. soules83 liked this post
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Sep 8 2023, 09:09 AM
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intel increment average how much ? still 1-3% ? and that 10% 0 increment quota ?
asking anyone know how much grade 5 benefits, RSU, salary are now ? my friend told me grade 5 shud be around 5k - 7k This post has been edited by MKCL: Sep 8 2023, 09:16 AM |
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Sep 8 2023, 10:46 AM
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Sep 8 2023, 02:11 PM
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333 posts Joined: Jun 2013 |
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Sep 8 2023, 10:37 PM
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#999
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Sep 10 2023, 12:58 AM
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