PNWDweller Posted June 14, 2015 Share Posted June 14, 2015 Intel's layoff letter: 'we have made the difficult decision to terminate your employment' Mike Rogoway | The Oregonian/OregonLive By Mike Rogoway | The Oregonian/OregonLive Email the author | Follow on Twitter on June 12, 2015 at 4:15 PM, updated June 12, 2015 at 6:07 PM Intel's pending round of job cuts start Monday, part of a broad effort to reduce spending in response to a disappointing start to the year. A letter that will go to laid-off employees, obtained by The Oregonian/OregonLive, spells out the rationale for the cuts and explains what benefits are available to employees losing their jobs. "Intel Corporation... has decided to reduce spending in the second half of 2015. As part of that effort, we have made the difficult decision to terminate your employment," begins the standard notification cover letter, dated June 15. It says laid-off employees will be paid through July 15. Notifications are broadly scheduled to begin Monday, according to documents reviewed by The Oregonian, though some employees may have already gotten word because of vacations or travel that would take them away from the office next week. As The Oregonian reported last week, the job cuts are connected to Intel's April announcement that it will cut its annual administrative and research budget by $300 million. The chipmaker is adjusting spending after slow PC sales forced Intel to adjust its 2015 sales forecast. None of the documents reviewed by The Oregonian say how many people will lose their jobs, but they make it clear layoffs will take place in nearly all parts of the company. Intel declined to address the pending layoffs or the letter. "We don't comment on internal communications that are not intended for public consumption," said Intel corporate spokesman Chuck Mulloy at the company's headquarters in Santa Clara, California. Intel is Oregon's largest private employer, with 18,600 workers in Washington County. The company has 106,000 employees worldwide, more of them in Oregon than anywhere else it operates. Intel's employment levels fluctuate more than at many big companies, rising and falling considerably over the past decade in response to changes in business strategy and Intel revenue. The chipmaker is working assiduously to reduce its reliance on the stale PC business, investing heavily to integrate wireless capabilities into its microprocessors and to seed the tablet market with Intel chips. Earlier this month, it agreed to pay $16.7 billion to buy programmable chipmaker Altera Corp. to buttress Intel's hugely profitable data center business. For the pending layoffs, Intel is selecting employees based largely on their performance in the company's exacting annual review process, called "focal." "As part of this process, Intel is involuntarily separating the employment of currently lower performing employees and repeat poor performers," reads the June 15 letter. Employees who lose their jobs may have received a poor annual review, according to the letter, or smaller amounts of performance-based Intel stock awards. Those laid off get at least two months of salary, career assistance service, plus a minimum of four months of health care coverage, according to the layoff letter. Additional "Variable Separation Pay" is available to employees who sign an agreement releasing Intel from claims against the company. "We wish you the best in your future career endeavors," the letter concludes. -- Mike Rogoway http://www.oregonlive.com/silicon-forest/index.ssf/2015/06/intels_layoff_letter_we_have_m.html#incart_2box_ Not having worked for them, I cannot even begin to know what it is like there or what the corporate culture is, but I can almost bet that Monday will be a tense day employee wise knowing that the letter which is shown in full on the above web site will be handed out to cedrtain employees and it might be you. I know if it was me, I would be very worried all weekend if I saw this and knew what was going to happen then... Link to comment Share on other sites More sharing options...
vanx Posted June 14, 2015 Share Posted June 14, 2015 While any involuntary redundancy is unfortunate, their selection is based on underperforming employees and those who have consistently been such. In my opinion, such justification is reasonable. Cynically, one may think that having just spunked a bunch of money on that purchase, they are looking to recoup on their investment ASAP. Link to comment Share on other sites More sharing options...
Obi-Wan Kenobi Posted June 15, 2015 Share Posted June 15, 2015 My chipset just went down the drain, I guess. Link to comment Share on other sites More sharing options...
Draggendrop Veteran Posted June 15, 2015 Veteran Share Posted June 15, 2015 Not a good day to show up late...... B-Day Obi-Wan Link to comment Share on other sites More sharing options...
Recommended Posts