The pay is ridiculously low. Lower than tsmc in Taiwan on a ppp basis (not that far off in raw $ terms). Much lower than tiny hardware startups in the USA. Monumentally lower than AMD or nvidia, especially with stock grants factored in.
No pay rises for over 20years now. Layoffs on a routine basis. They asked everyone to take a pay cut last year. All of this in an extremely competitive labour market.
It’s pretty obvious to anyone that a job at intel is temporary. You take the job and do the bare minimum (because hey you’re paid bare minimum) and keep looking. There isn’t going to be a single employee outside the board at intel who isn’t browsing for a new job given the wage disparity. Everyone knows this. If you have a brilliant improvement for process keep it to yourself and take it to the next job. A low level position at a startup pays more than a senior role at intel at this point. It’s a laughing stock and the most recent statement at the last earnings was more layoffs and wage freezes to give more shareholder value.
They already have 0 serious talent and nobody gives a fuck there, reasonably so. “You’re going to lay me off from by far the lowest paying company in tech if I don’t give 100%?” “Ok!”.
It’s such a joke of a company and has been for 20 years now and the investors have made it clear they want another 20 years of this.
Do you want $77k/yr for a job with degree requirements at intel in an extremely high cost of living area or would you rather get well over $200k/yr at a competitor for the exact same job description. Lol. This was one random example out of pretty much any role at intel just to give awareness of how dire 20 years of wage freezes from short term investors becomes over time.
Yeah I think people don’t realize just how dire it is at Intel. The talk above of the culture being on a death march can easily be explained by the jobs at intel having literally nothing at stake. And they announced even more layoffs and wage freezes at the last quarterly earnings.
It’s not an engineering run company like the successful big tech companies. Everyone working at intel is there temporarily and there’s no reason to build a long term career there. You jump asap.
I don’t see the shareholders voting for a reasonable tripling (quadrupling?) of engineer salaries anytime soon given the short term thinking track record. Which means I think the only way out is for an entirely new engineer run company to appear.
Intel have run on momentum to this point. They actually have 10nm foundries operational due to some level of talent continuing to persist over the past 20 years. They can’t seem to get much further past that (smaller nodes than that have reported terrible yields). They have more or less competitive cpus for sale (although they clearly hit a wall in that aspect to the point the latest CPUs bench exactly the same or worse than their own previous generations).
I think the momentum has definitely run out and the talent is gone at this point. The momentum is now in the other direction. Morale is dire, no one working there gives anymore of a fuck about their job than the kid pushing trolleys at the grocery store. Their CPUs are not advancing with each generation at all anymore and they cannot get reasonable yields on newer fab nodes.
No pay rises for over 20years now. Layoffs on a routine basis. They asked everyone to take a pay cut last year. All of this in an extremely competitive labour market.
It’s pretty obvious to anyone that a job at intel is temporary. You take the job and do the bare minimum (because hey you’re paid bare minimum) and keep looking. There isn’t going to be a single employee outside the board at intel who isn’t browsing for a new job given the wage disparity. Everyone knows this. If you have a brilliant improvement for process keep it to yourself and take it to the next job. A low level position at a startup pays more than a senior role at intel at this point. It’s a laughing stock and the most recent statement at the last earnings was more layoffs and wage freezes to give more shareholder value.
They already have 0 serious talent and nobody gives a fuck there, reasonably so. “You’re going to lay me off from by far the lowest paying company in tech if I don’t give 100%?” “Ok!”.
It’s such a joke of a company and has been for 20 years now and the investors have made it clear they want another 20 years of this.