Nearly 20,000 Intel Employees Are Heading For The Exits: How Salaries Stack Up Against Nvidia, OpenAI, Microsoft And More

Intel Corp INTC recently announced plans to slash jobs in an effort to drive cost savings across its business.

Here’s a look at just how much Intel was paying its employees and how it compares to other tech giants.

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What To Know: Intel and other big tech companies rarely share salary details. However, they must disclose salary offers or potential salary ranges when they hire foreign workers through the H-1B visa program.

According to a Business Insider report citing work-visa applications submitted to the U.S. Office of Foreign Labor Certification in 2022, Intel’s highest salary offer was around $263,000, sent to an engineering manager.

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Intel announced a cost-reduction plan last week.

The actions include structural and operating realignment across the company. This includes headcount reductions of greater than 15% plus operating expenses and capital expenditure reductions of more than $10 billion in 2025. Intel’s headcount is currently around 125,000, so the company is likely to lay off around 19,000 employees.

Here’s a look at the annual salary of those former Intel employees:

• Business Intelligence Analysts: $65,437 to $142,438
• Information Security Analysts: $107,994 to $170,248
• Supply Chain Planning Analysts: $85,467 to $96,034
• Product Marketing Engineers: $102,606 to $150,093
• Mechanical Engineers: $81,765 to $121,576
• Engineering Managers: $117,624 to $263,952
• Application Developers: $92,488 to $121,763
• Program Managers: $67,621 to $168,834
• Data Scientists: $65,229 to $152,681

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Why It Matters: When compared to other big tech companies, Intel appears to be offering prospective employees less money. It’s worth noting that the data doesn’t include stock-based compensation, individual performance rewards or bonuses that can significantly increase overall pay.

Nvidia Corp NVDA, which has been the biggest beneficiary of the AI boom to date, has offered salaries ranging from $74,460 to $786,000.

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Fellow AI leader Microsoft Corp MSFT made salary offers ranging from $77,000 to $310,000 in 2022 and Microsoft-backed OpenAI is paying the average engineer about $925,000 per year in total compensation.

Apple Inc AAPL offered prospective workers base salaries of $102,000 to $322,000 in 2022 and Alphabet Inc GOOG offered workers salaries ranging from $55,000 to $340,000.

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