At Least They Know Their Priorities

After many years of disinvestment and overspending on stock buybacks, chip maker Intel is engaging in massive cutbacks and laying off 15% of their workforce, but those who remain will still get their free coffee.

As Anna Russel would say, "I'm not making this up, you know."

Struggling chip giant Intel has rescinded a cost-cutting plan to abolish free coffee and tea for its staff.

Intel is on an spending-slashing crusade at the moment, with a plan to bin about 15,000 staff to help right its financials. Just last month, it laid off 2,000 staff (1,300 of them from its Hillsboro, Oregon site) and announced big cuts in staff perks earlier in the year.

Among the cost-cutting measures, the much-cherished sabbatical that Intel staffers could get after four years has now been eliminated, and while staff will still get one every seven years, its duration has been halved to just a month off, The Oregonian reports.

Stock rewards have been reduced, there are no more free personal trainers at the gym for staff, there's no more fresh fruit in the office (unless you bring it yourself), the Intel air shuttle flying between Oregon, California, and Arizona has been shuttered, and the x86 titan said it would no longer have free tea and coffee in the office.

“Until we get into a better financial health position, we need to be suspending those,” Intel's chief people officer Christy Pambianchi told staff at the start of this week, adding that the chipmaker was spending about $100 million annually on free and discounted food and beverages. But Intel has now rescinded the ban on free tea and coffee in the office, since it seems that was a step too far.

First, what the f%$# is this "Chief People Officer" bullsh%$?

Ms.Pambianchi is head HR you blithering idiots.

You know, maybe if you spent more time designing chips and chip technology, and less time stroking yourselves with bogus job titles, you wouldn't be facing down an oncoming train.

Also, if a f%$#ing Keurig machine and some pods will break you, you no longer have the resources to compete in that capital intensive business.

Maybe management should have considered spending $152 billion in stock buybacks over the past 35 years and paying its CEO $179 million.  (Mostly in stock options, which were made valuable because of those stock options)

Get your sh%$ together, and stop f%$#ing calling your f%$#ing HR executives, "People Officers."

It makes you look like complete tools.