Intel shocked employees Tuesday evening with word that it is sharply cutting employee compensation after reporting miserable financial results last week. The chipmaker said it will slash base pay for employees above its midlevel ranks by at least 5% effective March 1, according to employees who heard the company’s announcement. Vice presidents will take a 10% cut, more senior executives will ...
source https://www.seattletimes.com/business/intel-slashes-wages-bonuses-after-disastrous-quarterly-results/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology
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