Intel reinstates free coffee for employees after mass layoffs
sfchronicle.com
sfchronicle.com
Is this real life? This reads like an article on The Onion
But, these days I think most companies have sufficient layoffs to where the employees don't last long enough for it to matter.
more fiber in your diet => less time per day spent on the toilet
You go into the bathroom, you SCHLOOP out your business in ~15 seconds, and you’re done, like a deer in the woods! Wiping is practically a formality! It’s like getting years of your life back.
Besides that, the average tenure at intel is >10 years.
I don't want to eat a bag of processed garbage full of sugar, hydrogenated oils, artificial colorings and preservatives. But a banana or an apple, sure, good mid-afternoon snack. I'm probably a fairly normal eater for the demographic.
Source? It seems far fetched to assume employers making long term decisions in a world where people get laid off on a whim. What's the average seniority, couple of years? To me it seems more likely that it's what employees want.
The argument obviously isn't validated with RCT, but fruit is cheap so the financial argument is at least plausible and employees like it.
Also, not all benefits of healthy eating are delayed.
"I will work harder!"
How stupid are these people?
Coffee is a lot cheaper and has a wider audience.
A 12oz soda from a soda fountain has a marginal cost of like $0.10. Even then cans of soda can be had wholesale for ~<$0.50, especially off-brand varieties.
Definitely more equitable to offer it for a reasonable price and just pay people slightly more (yeah yeah I know what you're going to say).
I haven't done any napkin math or anything but that seems like a colossal figure.
Ok, napkin math... Intel was at 125k employees, trending down. So $800/employee. If every employee was 5 days a week and used the free-coffee/food-discount every day (obviously not true) that'd be 365*5/7 = 260 days. $800 / 260 = $3/day.
That's at least somewhat believable, in the ballpark of plausibility.
How can you deliever or invest in your own product if you can't even afford self created coffee. (~$0.10 a day)
Makes sense...
> as well as raising the eligibility requirement for its employee sabbatical program from four to seven years.
Ah, there it is. Classic Intel; run into problems so we'll double-down on our already toxic work environment and obliterating morale.
That alone should demonstrate how they have no real strategy for getting out of this mess. They're grasping at anything to keep those shares afloat.
Product sales and employment are simply a byproduct and tool to achieve that goal.
But that is still the end goal when running a business for someone else. Fun, cool tech, employees, or whatever else is in service of that goal.
Manipulation of the market rings hollow. The price changes, but there is no deceit. Running a successful business or starting a dividend also changes the price, but isn't manipulation. Who exactly is duped by BuyBacks?
Investors have turned dividends into a religion. They must come every quarter like clockwork and never decrease; otherwise, it seems like there's a five-alarm fire and the place is on the brink of bankruptcy. It is irrational but reality.
If BuyBacks make stock price go up, stockholders haven't made any money yet. They can be wiped out at any time and lose everything.
BuyBacks simply give the shareholders the choice of if and when to cash out any gains and losses they may have.
This is hard to understate the importance of this. If a company feels obligated to cut spending by cutting small expenses on consumables, such as coffee or even free fruit programs, then they are at a level of going through the proverbial couch cushions hoping to find a coin to meet the budget.
Is that even such a bad thing? Given the choice between cutting expenses on food/drinks and firing people, I cant really blame a manager for choosing to keep the people and lose the coffee.
The whole point is that if you're already faced with the choice if cutting coffee or firing people, you will already fire people regardless of how much you cut in coffee. It's futile and specious reasoning, which at most only work as signaling.