Intel employees finally get good news as the company promises to cancel wage cuts and issue restricted stock

Intel notified employees on Tuesday that it decided to fulfill its commitment to cancel the previous employee salary reduction plan and plans to issue restricted stock units (RSU) to eligible employees as compensation in December

In February, Intel announced that starting from October 1, employees' salaries will return to pre-cut levels, and starting from the third quarter of this year, employees will again receive quarterly wages. Bonus

This site previously reported that the reduction measures disclosed by Intel in January included a 25% salary cut for CEO Pat Gelsinger, who reported directly to Gelsinger. Executive leadership salaries have also been cut by 15%. In addition, the company is cutting salaries by 10% for senior management (vice president and above) and 5% for middle management, with technicians, engineers and employees in entry-level positions not being affected.

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