<story><title>Intel’s palpable desperation on display with Rocket Lake</title><url>https://semiaccurate.com/2020/10/29/intels-palpable-desperation-on-display-with-rocket-lake/</url></story><parent_chain><item><author>graton</author><text>I think they have lost a lot of their best employees because their pay is not that great. They aimed for paying at the 50th percentile in wages and the top companies come in and can offer double or more their current pay.&lt;p&gt;Doesn&amp;#x27;t help they switched from large cubes with five-foot high cubicle walls which did a good job on minimizing noise and visual distractions to having cubicle walls with a height of about 3-4 feet high and much smaller. Plus they installed sit-stand desks and you have people stand and make phone calls that can be heard 30 feet away. Doesn&amp;#x27;t help for concentrating on problems.</text></item><item><author>nxc18</author><text>Is there good coverage of how Intel became so uncompetitive? My instinct is to say this is just the natural result of the presence of MBAs who are trained to focus _exclusively_ on this quarter&amp;#x27;s results so ignore R&amp;amp;D investment and also shit on employees by doing gimmicks like hotdesking to pinch pennies.&lt;p&gt;I&amp;#x27;m willing to bet my intuition is wrong, especially given my extremely deep bias against MBAs and &amp;#x27;this quarter&amp;#x27; thinking. Any great sources on the full story?</text></item></parent_chain><comment><author>dweekly</author><text>Pay at Intel is about half of FAANG, can confirm. They seem weirdly proud of this and then weirdly confused and disappointed when great people leave.</text></comment>
<story><title>Intel’s palpable desperation on display with Rocket Lake</title><url>https://semiaccurate.com/2020/10/29/intels-palpable-desperation-on-display-with-rocket-lake/</url></story><parent_chain><item><author>graton</author><text>I think they have lost a lot of their best employees because their pay is not that great. They aimed for paying at the 50th percentile in wages and the top companies come in and can offer double or more their current pay.&lt;p&gt;Doesn&amp;#x27;t help they switched from large cubes with five-foot high cubicle walls which did a good job on minimizing noise and visual distractions to having cubicle walls with a height of about 3-4 feet high and much smaller. Plus they installed sit-stand desks and you have people stand and make phone calls that can be heard 30 feet away. Doesn&amp;#x27;t help for concentrating on problems.</text></item><item><author>nxc18</author><text>Is there good coverage of how Intel became so uncompetitive? My instinct is to say this is just the natural result of the presence of MBAs who are trained to focus _exclusively_ on this quarter&amp;#x27;s results so ignore R&amp;amp;D investment and also shit on employees by doing gimmicks like hotdesking to pinch pennies.&lt;p&gt;I&amp;#x27;m willing to bet my intuition is wrong, especially given my extremely deep bias against MBAs and &amp;#x27;this quarter&amp;#x27; thinking. Any great sources on the full story?</text></item></parent_chain><comment><author>jp42</author><text>This is so true. I have friends whose managers told them - &amp;quot;the only way to get more pay is to leave intel&amp;quot;, &amp;quot;our hands are tied, we cant give more pay or promo&amp;quot;, &amp;quot; to get more pay and promotion, one option is to leave intel and then come back&amp;quot;...all of these folks are in FAANG now.</text></comment>