Intel Corporation (INTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC)

INTC 53.35

-1.7%

10:04 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Engel who wrote (134534)	5/10/2001 12:18:33 AM
From: L. Adam Latham	Read Replies (2) of 186894

Paul and all: The previously announced "attrition" plan at Intel is now underway, with the goal of reducing headcount by 5000. Voluntary Separation Program (VSP) notices are being sent out to employees via e-mail. I'm not going to post the details, because I don't think they're public, but I will say that in my case the VSP payout would cost Intel ~$60,000. My compensation is probably above the corporate-wide average, but even if the average was $30k, this would result in costs of $30,000*5000 people = $150,000,000. With 7B shares outstanding, this could cost about $.02/share. Adam

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next