Hey, lets look at the facts,okay? Say an engineer makes $100,000/year with bennies as a conservative estimate. Dumping 5,000 of em onto the street saves,...wait for it....$500,000,000, or 10 cents a lousy share. T E N friggin cents and 20,000 women and kids are thrown to the wolves. Kids will starve, women will become ladies of the night, and men will start drinking and beat up the spouse. Or, there's an alternative: Cut the GD dividend 10 cents and let those little kids eat.
marco the great :-) Yinz gotta be a mean spirited Repulican to even joke about it. Next time Yinz buy a new computer, make sure it doesn't have Intel inside. Buy the People's machine, Apple.
You don't care about your fellow man. If you did you would never spit in their food because you don't agree with their political views. Intel is going to destroy more than 5000 families, but it will be at the expense of those who bet against it or work for the competition. Take you for example, at one point you were in sales and marketing for AMD, now you're flipping burgers at Dennys. They will do the same for people in England and Taiwan. Except it will be for more then a dime.
"...how you come up with this number?..."
my cousin's boyfriend says his brother used to work for Google and made that. That's just the salary, they get bennies and there's an admisistrative overhead. IBM says a computer engineer costs the company about $200,000 to employ, but, adds over $375,000 to the bottom line after 10 years of service. I'm sure some add nothing and a few, the proud, and the brave make up for the difference.
marco the great :-) It's like that arround here too. I make most of the breakfast plates on my shift, yet, the bosses pet gets $1.25 more than me. He doesn't clean the grill-what a whimp-so Larry, the big boss make me and Shelli do it. When I quit, I'm gonna strangle the little fcker.
Get your facts, all of it, before you post stuff. The reduction will be with normal attrition (retirement, resignation, etc, and spin-offs and sell-offs of businesses like Intel TV. Another way of stating the same thing - Intel will cut back on hiring, substantially.
If you want more new jobs, get the GOPTP off their suicide bombing of the economy mission.
Suicide bombing of the economy! Maybe Democrats should help Republicans in balancing the Federal budget. In Obama's 5 years, USA debt has gone up about $5 trillion. Unprecedented in history, and unsustainable. Look what 50 years of Democrat rule did to Detroit.
It is not Intel's job to take care of people. Obama has sold this concept to buy votes and people like you believe it. You should start up a business and provide for your employees and see how it works out.
1. Intel did not indicate who would be affected.
2. if they were engineers. there will be companies lining up to make offers.
3. $100,000/year with bennies ??? funny ..... burdened cost of an engineer is several times that amount.
•Software Developer: $89,000
•Java Developer: $94,000
•Software Engineer: $94,000
•Senior Software Engineer: $98,000
4. it is rather humorous to see someone who borrows money from Karen, who gives investment advice to make $97 trying to give management strategy
What you do on this board trying to cheat other with misinformation is more mean spirited than any company.
Cutting overhead and maintaining or increasing the dividend creates shareholder value, which is the prime directive of the CEO. Intel is not a welfare institution. If you're worried about these people, donate some of you busboy tips. You should've never quit school in the 4th grade.