Intel said in a statement that pay restructuring was “designed to enable Intel to win the fierce battle for talent in today’s competitive market,” according to The…
TL;DR: Intel recently shared a presentation with its employees saying that it’s increasing its compensation budget by over $2 billion. The new budget has added $1 billion of wages and $1.4 billion worth of stock compensation. Most of it will go to current employees, but some will be used to attract new hires. Intel said in a statement that pay restructuring was “designed to enable Intel to win the fierce battle for talent in today’s competitive market,” according to The Oregonian, which saw the presentation.
