In their first cost-cutting measures in a long time, Intel is cutting spending and hiring and slowing raises to reduce costs. Intel says that they do not plan any layoffs. Pay raises for senior employees are held until October, and lower level employees will receive half now and the other half in October. Intel employees may start to feel like they work for a regular company now, and not a company that's raking in billions of dollars in profits.
Salaried employees are being asked to wait for their free PC's - they probably already have one.
Many have already been issued laptops that they are encouraged to take back and forth. Comments are limited to 2000 characters, and are posted immediately. Standard HTML link code can be used to create links. All rights reserved.