Intel To Slash Worker Salaries, Reduce Prime Official’s Pay By 25%: Report

Intel To Slash Employee Salaries, Cut Top Official's Pay By 25%: Report

Intel’s hourly workforce’s pay won’t be lower, sources say.

Intel Corp on Wednesday confirmed that it has applied broad worker pay cuts.

The reductions will vary from 5% of base pay for mid-level workers to as a lot as 25% for Chief Govt Pat Gelsinger, whereas the corporate’s hourly workforce’s pay won’t be lower, an individual accustomed to the matter informed Reuters.

Intel spokesperson Addy Burr stated the “modifications are designed to influence our government inhabitants extra considerably and can assist assist the investments and total workforce.”

(Apart from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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