can share your source?

this makes a lot of sense to me
better than some "rumors"

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Added on February 13, 2009, 12:57 pmno one is exempted from global recession ler... gotta think twice before joining any company.



This post has been edited by Dark NT: Feb 13 2009, 12:57 PM

Orders are low , some lines are ideal..
every department is talking about cost cutting..

intel has frozen most job openings
but still hiring interns

interns stand quite a high chance to be offered a regular position if performance is ok. in fact right now, its like the only way to join intel

haha, i prefer not to tell la.

Intern is usually not paid, but just compensated for their cost of living/transport etc....
of coz u receive real money, but its less than 1000.

again thats what i know in finance.
other dept may pay better/worse.

by the way, intern is usually offered to those who have not graduate.
if u already graduate, i doubt u will fit the category "intern".

not many groups have permanent vacancies.
the department who hired the GT is the one who probably have the vacancy.
i would say chances are pretty low.

yup.. that's right.

and good luck in your interview!

verilog, VHDL... sounds like greek to me

got "Electronic Computering majoring in engineering"?

no need sweat... they all ended up working with engineers, computers and electronics.

Intel CEO announced today that more stocks will be granted to employee as merits this year. Its to compensate for the no increment direction given earlier.

Guess this makes a lot of people happy.

bad thing is the stocks are vested over 4 years
gotta wait one year before can realise any $

the 4 years vesting period is for stock grant (not options)
say if you are given 100 units, it will vest in 4 years , 25 units per year.

as for the stock options, the company is planning to lower the exercise price of previously granted options, but reduce the amount of options on your hand,
say you have 100 options with exercise price of USD60
maybe you will be given the chance to trade the 100 options for 33 options, but exercise price is lowered to USD20
something to that effect. but its not finalised yet.

the company no longer give out options, except to the senior managers.

Whether or not a GT can be converted to a regular employee will depends on 2 conditions:

1) The performance of the GT
2) The overall hiring restrictions (if any)

Condition 1 must be fullfilled.
Condition 2 is out of your control, during bad times, no department can do any hiring, unless the hiring managers get approvals from very-very-very senior management. No hiring manager is willing to do that unless you are super-super-super bright.

This is not unique to Intel. Many factories (particularly American ones) are also doing the same by hiring fresh grads as GT or contract workers first.

This post has been edited by Dark NT: Apr 22 2010, 03:26 PM

The downside is that the basic salary isn't as good as other MNCs, generally. So at the end of the day, one could be getting more or less the same as their friends working in other MNCs who pay out less bonus. Overall I think the total compensation (salary + bonus + stocks) is still competetive.

You called out an excellent point. The design group no doubt is enjoying a higer pay since it's not so easy to get experienced design engineers. I was referring to the general population that I was part of for many years.