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Chipzilla orders across-the-board pay cuts
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Chipzilla orders across-the-board pay cuts
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2nd February 2023, 08:59
| #1 |
| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 153,575
 |  Chipzilla orders across-the-board pay cuts Quarterly pay bonuses, annual bonuses, a halving of 401k match from five to 2.5 per cent, suspension of raises, and a cut to base salaries are all official according to internal communication. The cuts affecting engineering departments, with leadership seeing 10-15 per cent cuts and CEO Pat [Kicking] Gelsinger has cut his own salary by 25 per cent. https://fudzilla.com/news/56254-chip...board-pay-cuts |
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