Intel layoffs

7 pointso0-0o3 comments

A little bird just told me:

"Intel is offering VSP(?) early retirement plans for close to 10K employees starting Feb 9. Employees are expected to be gone by April 1. Employees in India are exempt from VSP(?) plan.

Nearly 100% are USA employees:

Major effected Areas: OR, CA, AZ, CO, MA"

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VSP is Voluntary Separation Plan. It's different than early retirement, because it's not just to get people to retire early. Typically there's some target criteria, like having a particular rating on your review for the past N reviews. Not everyone will take VSP -- they're assuming a certain percentage of people offered will. There's also limits for groups to prevent a mass exodus from one division.

I know a few people who were offered VSP previously, but they're still at the company so it's not like "If you don't take VSP you're going to be fired soon."

Curious why it's 100% US employee base.

For US workers they must pay more taxes, more benefits (obamacare), and higher salary.

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