<story><title>New Intel CEO rehiring retired CPU architects</title><url>https://www.anandtech.com/show/16438/new-intel-ceo-making-waves-rehiring-retired-cpu-architects</url></story><parent_chain><item><author>darth_avocado</author><text>I am 100% in the same boat. Had a recruiter reach out to me who wanted me to leave my more than comfortable six figure SV job to do cutting edge contract work in machine learning as a lead engineer for about $50&amp;#x2F;hour. I was so amused I actually spent the time listening to their pitch and eventually told them that anything less than $200&amp;#x2F;hour wouldn&amp;#x27;t even cover my current pay + benefits. Let me know if you can do better. They hung up. Lol</text></item><item><author>UncleOxidant</author><text>I&amp;#x27;ve been approached by headhunters for contract work at Intel. They want all kinds of machine learning knowledge &amp;amp; experience and the pay is.... $45&amp;#x2F;hr. I kid you not. I just sort of laugh and tell them that that&amp;#x27;s about 1&amp;#x2F;3 of market rate for that kind of thing.</text></item><item><author>lmilcin</author><text>I left Intel years ago to get almost 3x the salary as a software developer at... a bank.&lt;p&gt;At Intel engineers are paid supposedly similar rates at similar levels and similar locations. And given my level (two levels above Senior Developer) I estimate I was paid better than at least 90% engineers.&lt;p&gt;Where I worked in R&amp;amp;D the doors were constantly revolving and many people admitted they wait to register enough of prestigious time at Intel on their CV to get hired at a much better rate for another company.&lt;p&gt;--&lt;p&gt;I don&amp;#x27;t see these moves as encouraging, more like signs of complete and utter panic. You go to these moves when whatever you do isn&amp;#x27;t working and you don&amp;#x27;t have strategy to do something new so you try to default on what has worked in the past (this both for the choice of CEO as well as bringing retired people).&lt;p&gt;This doesn&amp;#x27;t necessarily mean it is a wrong move (see Steve Jobs coming back to save Apple as a proof it doesn&amp;#x27;t have to be bad) but I wouldn&amp;#x27;t call it encouraging.&lt;p&gt;Rehiring retired people to me signals the new CEO has no trust in people that already are there. And that is usually bad news.&lt;p&gt;Add to it outsourcing &lt;i&gt;CORE&lt;/i&gt; competency to competitor (&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.eenewseurope.com&amp;#x2F;news&amp;#x2F;intel-TSMC-5nm&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.eenewseurope.com&amp;#x2F;news&amp;#x2F;intel-TSMC-5nm&lt;/a&gt;) and it seems that if there is a plan it is to keep the ship afloat for a little while longer.&lt;p&gt;Hopefully the ship is going to be afloat for as long is necessary to reshape the organization, but I think we haven&amp;#x27;t yet seen any concrete moves to see what is the strategy.</text></item><item><author>PragmaticPulp</author><text>This is an encouraging move.&lt;p&gt;My secondhand understanding was that Intel was losing top talent due to pressure to pay closer to median industry compensation. Top engineers recognized they were underpaid and left the company.&lt;p&gt;I&amp;#x27;ve been part of a similar downhill slide at a smaller company in the billion dollar revenue range. To be blunt, once the [mediocre] MBAs start realizing that the engineers are getting paid more than they are, the pressure to reduce engineering compensation is strong. Frankly, there are plenty of engineering candidates on the market who are happy with median compensation. Many of them are even great engineers and great employees.&lt;p&gt;However, being a top company in a winner-take-all market requires the top engineers. The only way to attract and retain them at scale is to offer high compensation. I&amp;#x27;m hoping that&amp;#x27;s part of what&amp;#x27;s happening here.</text></item></parent_chain><comment><author>NotPavlovsDog</author><text>It&amp;#x27;s one of the (dirty?) pleasures in the work-life, isn&amp;#x27;t it?
I still treasure getting to the stage in my life when I could afford to stop saying what my salary expectation was outside of &amp;quot;fair in relation to the market and my experience&amp;quot;.&lt;p&gt;Recruiter H&amp;#x2F;R: &amp;quot;We need to hear your salary requirements to move forward with this position&amp;quot;.&lt;p&gt;me: &amp;quot;I would like to hear your offer&amp;quot;.&lt;p&gt;Recruiter &amp;#x2F; HR: &amp;quot;We won&amp;#x27;t be able to consider your candidacy without your salary expectations&amp;quot;&lt;p&gt;Me: &amp;quot;Then, despite my interest in this outstanding company, and the high value I believe I can contribute to it, I will be forced to go with the employers that make a salary offer first&amp;quot;.&lt;p&gt;Best fuck I ever had.</text></comment>
<story><title>New Intel CEO rehiring retired CPU architects</title><url>https://www.anandtech.com/show/16438/new-intel-ceo-making-waves-rehiring-retired-cpu-architects</url></story><parent_chain><item><author>darth_avocado</author><text>I am 100% in the same boat. Had a recruiter reach out to me who wanted me to leave my more than comfortable six figure SV job to do cutting edge contract work in machine learning as a lead engineer for about $50&amp;#x2F;hour. I was so amused I actually spent the time listening to their pitch and eventually told them that anything less than $200&amp;#x2F;hour wouldn&amp;#x27;t even cover my current pay + benefits. Let me know if you can do better. They hung up. Lol</text></item><item><author>UncleOxidant</author><text>I&amp;#x27;ve been approached by headhunters for contract work at Intel. They want all kinds of machine learning knowledge &amp;amp; experience and the pay is.... $45&amp;#x2F;hr. I kid you not. I just sort of laugh and tell them that that&amp;#x27;s about 1&amp;#x2F;3 of market rate for that kind of thing.</text></item><item><author>lmilcin</author><text>I left Intel years ago to get almost 3x the salary as a software developer at... a bank.&lt;p&gt;At Intel engineers are paid supposedly similar rates at similar levels and similar locations. And given my level (two levels above Senior Developer) I estimate I was paid better than at least 90% engineers.&lt;p&gt;Where I worked in R&amp;amp;D the doors were constantly revolving and many people admitted they wait to register enough of prestigious time at Intel on their CV to get hired at a much better rate for another company.&lt;p&gt;--&lt;p&gt;I don&amp;#x27;t see these moves as encouraging, more like signs of complete and utter panic. You go to these moves when whatever you do isn&amp;#x27;t working and you don&amp;#x27;t have strategy to do something new so you try to default on what has worked in the past (this both for the choice of CEO as well as bringing retired people).&lt;p&gt;This doesn&amp;#x27;t necessarily mean it is a wrong move (see Steve Jobs coming back to save Apple as a proof it doesn&amp;#x27;t have to be bad) but I wouldn&amp;#x27;t call it encouraging.&lt;p&gt;Rehiring retired people to me signals the new CEO has no trust in people that already are there. And that is usually bad news.&lt;p&gt;Add to it outsourcing &lt;i&gt;CORE&lt;/i&gt; competency to competitor (&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.eenewseurope.com&amp;#x2F;news&amp;#x2F;intel-TSMC-5nm&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.eenewseurope.com&amp;#x2F;news&amp;#x2F;intel-TSMC-5nm&lt;/a&gt;) and it seems that if there is a plan it is to keep the ship afloat for a little while longer.&lt;p&gt;Hopefully the ship is going to be afloat for as long is necessary to reshape the organization, but I think we haven&amp;#x27;t yet seen any concrete moves to see what is the strategy.</text></item><item><author>PragmaticPulp</author><text>This is an encouraging move.&lt;p&gt;My secondhand understanding was that Intel was losing top talent due to pressure to pay closer to median industry compensation. Top engineers recognized they were underpaid and left the company.&lt;p&gt;I&amp;#x27;ve been part of a similar downhill slide at a smaller company in the billion dollar revenue range. To be blunt, once the [mediocre] MBAs start realizing that the engineers are getting paid more than they are, the pressure to reduce engineering compensation is strong. Frankly, there are plenty of engineering candidates on the market who are happy with median compensation. Many of them are even great engineers and great employees.&lt;p&gt;However, being a top company in a winner-take-all market requires the top engineers. The only way to attract and retain them at scale is to offer high compensation. I&amp;#x27;m hoping that&amp;#x27;s part of what&amp;#x27;s happening here.</text></item></parent_chain><comment><author>headmelted</author><text>Good grief do I ever work in the wrong part of the world.&lt;p&gt;I’m well established in my career (and I don’t have SV costs of living to be fair) - but anywhere even in the galaxy of $200 an hour would be life-changing for me.</text></comment>