About seven years ago, Intel began a large-scale layoffs, in this layoff process that began in 2015 and continued into 2016, 13,000 employees were fired. In addition to initiating the layoffs, Brian Krzanich, Intel's CEO at the time, also approved a controversial policy of not rehiring former employees who were fired. That policy has now been quietly lifted, The Oregonian reported.
Intel is in a personnel woes and the policy of not rehiring has been unhelpful, the sources said. The chipmaker currently needs thousands of employees across the U.S., with ambitious expansion plans still underway that will further drive demand for experienced workers.
The no-rehire policy is not just despised by those who are fired, but also annoyed by those who stay, because when a position becomes vacant, trustworthy, experienced old friends and former colleagues cannot be hired to fill.
As for why the no-rehire policy was in place, Kzanich once explained, "We're trying to build a different company. You can't engineer change in the same way." On the surface, this sounds plausible, But in 2022, Intel is finding it difficult to recruit qualified and experienced employees.
In a statement received by The Oregonian, an Intel spokesperson said, "Several years have passed since the 2015/2016 reorganization, and those affected may have new and additional skills that are critical to Intel's current business strategy has value.” The spokesperson went on to make it clear that the majority of those affected by the massive layoffs seven years ago will be eligible to apply for the current vacancies.
In addition, Intel announced new training programs. Through these programs, it hopes to create a training and career path for high school and community college students interested in working in the chip industry.
Intel rival Nvidia is said to be slowing its hiring due to rising inflation and the shadow of a recession. Whatever happens, it looks like Intel and Nvidia have different expectations for the coming months and years, or at least one is a long-term plan rather than a short-term plan. It will be interesting to see where the two companies stand in a few years, and which strategy proves to be a smart move for the chipmaking giant.
0 Comments