Things are looking more than a little shaky at the Intel Corporation with claims of pay freezes and vacancies left unfilled.
Last month the company announced that it had seen profits take a nose dive dropping 27 percent in the last quarter, net income stood at $2.5 billion from the $3.4 billion, a year earlier, while the company’s revenue took a hit falling three percent to $13.5 billion from $13.9 billion.
At the time the company claimed that it was striving to do better and award its stakeholders with fatter margins the next time round, but it seems clawing some of the cash back is falling at the expense of its UK staff.
Sources within the company told ChannelEye: “There’s been talk of pay freezes, while [vacancies] that have been left open for months have yet to be filled.”
Some departments were facing a losing battle as a result.
“There’s also been more pressure on both [sales and marketing] departments to perform better, which, without the right support and staff count has been hard, but that’s obviously the demons that we have to deal with rather than for the top level staff.”
The source also said neither marketing or sales departments were seeing any of the marketing budget Intel had promised to throw at this area when it announced its financials.
This year the company earmarked $18.9 billion on research and development, along with marketing and administrative costs, an increase from 2011 when it spent $16 billion in this sector, and up from $18.2 billion last year.
“When Intel said it would be spending more on marketing last month, I don’t think it really meant its staff in this sector and in sales,” ChannelEye heard.
“I think it was more for its products – namely Ultrabooks – and other shiny toys that would appeal to consumers.
“There’s however only so much we can do to promote the Ultrabook, and feed exciting, engaging info to resellers and consumers when we haven’t got all the tools to do it”.