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What's the deal with pay cuts though?
not hitting the top brass too hard, though:
Last year, Intel said Gelsinger’s targeted remuneration for 2022 was $26.3mn, with only $1.25mn of that representing the base pay that is subject to the pay cut. The rest is set to come in the form of an expected cash bonus and long-term incentive equity award.
ChasnotRobert
What's the deal with pay cuts though? Isn't it better to just cut staff, starting with the deadwood?