Chipzilla orders across-the-board pay cuts
 

Quarterly pay bonuses, annual bonuses, a halving of 401k match from five to 2.5 per cent, suspension of raises, and a cut to base salaries are all official according to internal communication. The cuts affecting engineering departments, with leadership seeing 10-15 per cent cuts and CEO Pat [Kicking] Gelsinger has cut his own salary by 25 per cent.

https://fudzilla.com/news/56254-chip...board-pay-cuts