Hi Adam, RE: "I wonder what's up"
I don't know how Intel handles their layoffs and haven't done any myself so my knowledge is limited, but a contact who had to lay off 700 people (not at Intel) said companies try to avoid outside advertising for new positions when they are doing layoffs, in order to minimize mistakes where you accidently layoff someone in one group but then hire an outsider for the same position in a completely different group. It also minimizes lawsuits, where a person could attempt to claim their layoff was on faulty grounds by trying to point to an advertisement showing the company hired an outsider for the same position in a different group. I believe companies are too huge to sort through who they are laying off and hiring, so it's safer for everyone (employees seeking positions through internal ads and investors) to shut outside advertisement for hiring off, when doing layoffs. My WAG is this lasts for 3 to 6 months. She said companies can lay someone off and then hire someone else in exactly the same position after one year, without any risk of a lawsuit, but anything less than 6 months carries some level of risk that is directly proportional to your cash-on hand levels. So, the larger and more profitable a company, the more careful a company has to be. That's my WAG as to why they shut it off. They probably had to.
As an fyi, Microsoft is hiring 5,000 new employees in the area of software engineering, customer support, etc. One would have to be prepared to work long hours. Maybe the two companies should work out some type of referral program to retain talent they both may need.
Regards,
Amy J |
