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Some Intel employees received pay cuts in 2023 to reduce costs and avoid layoffs. Intel announced layoffs this year, affecting employees' promised stock bonuses. Intel employees left frustrated comments underneath the FAQs on the company's internal network, two departing workers said. An Intel employee would be eligible for a four-week sabbatical after every four years of work or eight weeks after seven years. Intel employees who joined the company before it closed its pension plan to new entries in 2011 still get payouts.
Persons: , Pat Gelsinger, Gelsinger, Gelsinger's, unvested RSUs, we're, Emma Cosgrove Organizations: Intel, Service, Nvidia, AMD, BI, Oregon Intel, Employees, SEC, Microsoft, Qualcomm, Tech, ecosgrove Locations: Oregon, Arizona , California
Amazon employees have lost more than 30% on stock awards they got last year. Even CEO Andy Jassy saw his 2022 realized compensation drop 25% because of the stock price decline. Amazon wants its managers to stress the "long-term" value of stock and "ownership" of work during annual employee compensation reviews that started earlier this month. That price is based on a 30-day trailing average stock price. If an employee disagrees with their pay, managers are to have an "open discussion" and determine whether an adjustment is necessary.
Salesforce appeared to have responded to employees' questions through a Q&A titled "Top Questions from Employees," posted to an internal Slack channel by Salesforce executive vice president of employee communications and engagement Jill Unikel. Are you a Salesforce employee or do you have insight to share? SELECTION CRITERIAQuestion: What criteria was used to decide who was in the 10% of employees affected? If an affected employee finds a new role internally before their termination date, they will remain a Salesforce employee and not receive their communicated severance. BENEFITS FOR AFFECTED EMPLOYEESQuestion: Did affected employee receive benefits included in their severance?
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