What’s Happening at Intel?

Intel is reportedly planning to further scale back its staffing levels in “mid-July.”

According to multiple media outlets, including Tip Ranks, Intel Foundry — the tech giant’s internal manufacturing arm — is likely to be the hardest hit by the job cuts.

The bombshell update comes after reports surfaced that the company was looking to reduce its workforce by approximately 20% in April.

SEE ALSO
• Google Offering Buyouts to Several Teams in June
• Layoffs in Canada: Insights on Employers Slashing Staff

Next Steps for Intel Employees

If you’re fired or let go from Intel, understanding your legal rights is crucial.

Non-unionized employees in Canada’s tech industry are entitled to severance pay. This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and British Columbia (BC).

The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.

WATCH: Everything Non-Unionized Employees Need to Know About Severance Pay

Key Severance Facts:

• Compensation: Severance packages, which can be as much as 24 months’ pay, may include salary, bonuses, commissions, and other forms of compensation. Use our firm’s free Severance Pay Calculator to better understand your entitlements.
• Deadlines: You generally have up to 2 years from the date of your termination to review and negotiate severance offers.
• Action steps: Consult an employment lawyer at Samfiru Tumarkin LLP to...

Read Full Story: https://news.google.com/rss/articles/CBMiZ0FVX3lxTFBVcWR5YkI4UlZzQnk2anpLQ3NP...