Submission + - Intel just cut pay across the board to avoid layoffs ala Microsoft, Google (neowin.net)

Submitted by segaboy81 on Tuesday January 31, 2023 @11:31PM

segaboy81 writes: Internal reports of Intel cutting pay across the board are flooding the Internet. It's now confirmed that CEO Pat Gelsinger with take a 25% cut, while everyone else takes a 5-15% hit. What's worse is it looks like they will remain cash-flow negative throughout 2023 despite all this.

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Intel just cut pay across the board to avoid layoffs ala Microsoft, Google

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Hacking's just another word for nothing left to kludge.

Submission + - Intel just cut pay across the board to avoid layoffs ala Microsoft, Google (neowin.net)

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Intel just cut pay across the board to avoid layoffs ala Microsoft, Google

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