Intel Corp (NASDAQ:INTC) not too long ago introduced plans to slash jobs in an effort to drive price financial savings throughout its enterprise.
Right here’s a have a look at simply how a lot Intel was paying its workers and the way it compares to different tech giants.
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What To Know: Intel and different massive tech corporations not often share wage particulars. Nonetheless, they have to disclose wage provides or potential wage ranges once they rent overseas employees by the H-1B visa program.
In accordance with a Enterprise Insider report citing work-visa purposes submitted to the U.S. Workplace of Overseas Labor Certification in 2022, Intel’s highest wage provide was round $263,000, despatched to an engineering supervisor.
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Intel introduced a cost-reduction plan final week.
The actions embrace structural and working realignment throughout the corporate. This consists of headcount reductions of higher than 15% plus working bills and capital expenditure reductions of greater than $10 billion in 2025. Intel’s headcount is presently round 125,000, so the corporate is prone to lay off round 19,000 workers.
Right here’s a have a look at the annual wage of these former Intel workers:
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Enterprise Intelligence Analysts: $65,437 to $142,438
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Info Safety Analysts: $107,994 to $170,248
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Provide Chain Planning Analysts: $85,467 to $96,034
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Product Advertising Engineers: $102,606 to $150,093
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Mechanical Engineers: $81,765 to $121,576
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Engineering Managers: $117,624 to $263,952
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Utility Builders: $92,488 to $121,763
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Program Managers: $67,621 to $168,834
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Knowledge Scientists: $65,229 to $152,681
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Why It Issues: When in comparison with different massive tech corporations, Intel seems to offer potential workers much less cash. It’s price noting that the info doesn’t embrace stock-based compensation, particular person efficiency rewards or bonuses that may considerably improve total pay.
Nvidia Corp (NASDAQ:NVDA), which has been the most important beneficiary of the AI increase thus far, has supplied salaries starting from $74,460 to $786,000.
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Fellow AI chief Microsoft Corp (NASDAQ:MSFT) made wage provides starting from $77,000 to $310,000 in 2022 and Microsoft-backed OpenAI is paying the typical engineer about $925,000 per 12 months in complete compensation.
Apple Inc (NASDAQ:AAPL) supplied potential employees base salaries of $102,000 to $322,000 in 2022 and Alphabet Inc (NASDAQ:GOOG) supplied employees salaries starting from $55,000 to $340,000.
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This text Almost 20,000 Intel Staff Are Heading For The Exits: How Salaries Stack Up Towards Nvidia, OpenAI, Microsoft And Extra initially appeared on Benzinga.com