No worries…they will probably replace the laid off people with H1-B visa holders…….
Intel is quietly making plans to lay off employees across the company later this month in response to disappointing sales.
A confidential, internal memo obtained by The Oregonian/OregonLive indicates that Intel wants to keep expenses flat to match the company’s reduced revenue outlook for 2015, citing plans it announced in April to cut its research and administrative budget by $300 million this year.
http://www.oregonlive.com/silicon-forest/index.ssf/2015/06/intel_facing_disappointing_sal.html#incart_river
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.
http://www.oregonlive.com/silicon-forest/index.ssf/2015/06/intels_layoff_letter_we_have_m.html
JK
Intel is quietly making plans to lay off employees across the company later this month in response to disappointing sales.
A confidential, internal memo obtained by The Oregonian/OregonLive indicates that Intel wants to keep expenses flat to match the company’s reduced revenue outlook for 2015, citing plans it announced in April to cut its research and administrative budget by $300 million this year.
http://www.oregonlive.com/silicon-forest/index.ssf/2015/06/intel_facing_disappointing_sal.html#incart_river
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.
http://www.oregonlive.com/silicon-forest/index.ssf/2015/06/intels_layoff_letter_we_have_m.html
JK
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