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Intel Cuts Employee Pay to Maintain Quarterly Dividend

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Re: Intel Cuts Employee Pay to Maintain Quarterly Dividend

#11

Post by landemva »

rz2k wrote: post #6

When bailed out banks paid bonuses it was understandably unpopular, but there was a certain logic that retaining talent optimized performance of the remaining bank, and therefore it was ultimately in the interest of taxpayers. It seems surprising that Intel either doesn't think that retaining top talent is in the interest of shareholders, or thinks that investors aren't able to understand the investment. I would assu…

Or Intel has found cover from other tech shops to 'do the necessary' and prune the dead wood. It's about time the C level began to look at employee performance and contribution to profits or losses.

Re: Intel Cuts Employee Pay to Maintain Quarterly Dividend

#14

Post by PaulDavisThe1st »

Scubabear68 wrote: post #13

I had to double check it wasn’t April 1st. This is a good way to lose your best employees.

If you're one of the best employees at Intel, who are you going to go work for? Choices are limited, and it's quite likely that those others are going to do roughly the same thing.

Re: Intel Cuts Employee Pay to Maintain Quarterly Dividend

#16

Post by Ancalagon »

PaulDavisThe1st wrote: post #14
Scubabear68 wrote: post #13

I had to double check it wasn’t April 1st. This is a good way to lose your best employees.

If you're one of the best employees at Intel, who are you going to go work for? Choices are limited, and it's quite likely that those others are going to do roughly the same thing.

Qualcomm, TSMC, Apple, Nvidia

Also I think Meta and Amazon are getting in on the chips game?

Those are just the big players that I can think of too.

Re: Intel Cuts Employee Pay to Maintain Quarterly Dividend

#18

Post by senttoschool »

PaulDavisThe1st wrote: post #14
Scubabear68 wrote: post #13

I had to double check it wasn’t April 1st. This is a good way to lose your best employees.

If you're one of the best employees at Intel, who are you going to go work for? Choices are limited, and it's quite likely that those others are going to do roughly the same thing.

There are so many choices if you're a top talent in silicon. Apple, Amazon, AMD, Nvidia, Qualcomm, Broadcom, one of many AI accelerator startups, Tencent, Alibaba, Baidu, Microsoft, Meta, Google, ARM, TSMC, Micron, Samsung. Just off the top of my head.

Everyone is making custom CPUs or accelerators, or both nowadays. This isn't 2005.

Re: Intel Cuts Employee Pay to Maintain Quarterly Dividend

#19

Post by Spooky23 »

rz2k wrote: post #6

When bailed out banks paid bonuses it was understandably unpopular, but there was a certain logic that retaining talent optimized performance of the remaining bank, and therefore it was ultimately in the interest of taxpayers. It seems surprising that Intel either doesn't think that retaining top talent is in the interest of shareholders, or thinks that investors aren't able to understand the investment. I would assu…

Where are they going to go?

I’m sure the key people won’t hurt as much, but hardware people are pretty screwed overall. Your mastery of some Intel process has not much value in the market.

I worked at a tenant in a well funded facility doing semiconductor manufacturing R&D and prototyping. The nicest cars on that lot belonged to the tradesmen running wire and pipe for the tools. A few execs drove fancy cars in their special lot.

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