Folsom's Economy: Hold On
Posted 17 January 2003 - 10:55 PM
A friend of mine who works for Intel just told me they are going to eliminate 750 jobs in IT. Most people wouldn't think much of this, but almost all of IT is based out of Folsom...
that's gonna hurt, folks.
Posted 18 January 2003 - 10:02 PM
Posted 20 January 2003 - 02:44 AM
Posted 20 January 2003 - 03:38 PM
Posted 29 January 2003 - 08:15 AM
Posted 29 January 2003 - 09:58 AM
Posted 02 February 2003 - 07:32 PM
Posted 03 February 2003 - 11:03 AM
For those who may be unfamiliar with the "redeployment" term, it essentially meas that those employees will have three months to find another job within Intel before they will be let go. Often these employees will get temporary jobs within Intel, and sometimes those will turn into full-time positions. On the other hand, redeployed employees may opt to take the three-months of pay and benefits and just look for another job outside of Intel. I don't have any statistics, but my impression is that in the end, most (but not all) of the employees end up leaving Intel.
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