https://www.semianalysis.com/p/intel-cuts-pay-for-employees-to-keep
Intel is cutting employee pay while retaining dividends for investors.
Imma shorting Intel: the best people will leave or retire-in-place.
This all goes back to Neutron Jack Welch who decided that MBAs and short-term rent seeking by executives (because technical workers/engineers/IT staff are interchangeable cogs who can be replaced by H1-Bs anyway) is the way to go.
Along with Bill Clinton and Barack 0moeba, among the most destructive people to rot out the country from the inside, in the modern era.