alt Hacker NewsAMD is doing 5 day RTO for almost everyone with 3 months of notice in an obvious attempt to get people to quit before vesting their 5x stock grants.
The rule includes >90% of "remote" workers who have discovered they were classified as hybrid (a classification now eliminated) and their manager didn't make it official. Now, remote approvals are SVP level.
The issue is, AMD still pays significantly less than any company with an RTO mandate, even with the stock appreciation. And the stock has gone down 25% in the past few weeks so it's even less competitive. The typical engineer was not given an equity-weighted package, even L9 only 30% of your TC is in stock.
It's a recruiting bonanza right now and everyone's getting calls offering 50% pay bumps from 5-day office semi corps like Broadcom or Qualcomm. The better people are getting offers at Google or Apple for 3-day RTO for even greater TC bumps.
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Intel stock is down 49% in just the last month alone.
A lot of said gains have been erased.
> The issue is, AMD still pays significantly less than any company with an RTO mandate
I'm sure they pay more than Intel ;-)
Interesting data point as a stock holder, thanks.
I'm not surprised.
The board should've sacked the entire leadership team of Intel and AMD years and years ago.
The fact that you can sit through both a mining boom and now a generational AI boom and have little to show for it and still keep your job is a Yahoo!-level fumble.