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Reportedly it's not just the CEO...

- No merit salary increases or promotions - No more quarterly bonuses - No more employee recognition programs (e.g. no more $25 gift card for working at Intel for 5 years) - 401k match drops from 5% to 2.5%

and probably worst of all, 5% salary reduction for grades 7-11.

But at least they didn't cut the dividend! What a horrible nightmare that would have been...

Glad I'm no longer working for Intel.

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Not receiving a 7-10% raise effectively means a salary cut due to inflation, and Intel still wants to cut even more?

> (e.g. no more $25 gift card for working at Intel for 5 years)

Wow, what can $25 even get you at Intel?

I think it's an Amazon gift card for $25? I got one for filling out a 10 minute survey.

Umm, yeah.

Yeah, I remember when I got mine—I wasn't expecting anything, and I kinda wished they hadn't given me anything at all if they were going to just give $25. Felt pretty cheap.

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