> “These changes are designed to impact our executive population more significantly and will help support the investments and overall workforce needed to accelerate our transformation and achieve our long-term strategy.”
Calling bullshit on that.
A 25% pay cut when you're pulling in close to 200 million (ignoring the fact that the pay cut is likely to only apply to a portion of that which makes things even worse) is NOT a more significant real world impact than even the minimum 5% pay cut non-executive employees are getting and who do they think they are fooling by saying it is?
https://www.bloomberg.com/news/articles/2023-02-01/intel-cut...
> “These changes are designed to impact our executive population more significantly and will help support the investments and overall workforce needed to accelerate our transformation and achieve our long-term strategy.”
Calling bullshit on that.
A 25% pay cut when you're pulling in close to 200 million (ignoring the fact that the pay cut is likely to only apply to a portion of that which makes things even worse) is NOT a more significant real world impact than even the minimum 5% pay cut non-executive employees are getting and who do they think they are fooling by saying it is?