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Intel drops Science Talent Search

  1. Sep 14, 2015 #1

    berkeman

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    This is bad news, but hopefully some other good corporate sponsor will pick up the ball... I've been to a couple of these STEM fairs in the past (as an observer), and the breadth and quality of many of the projects is truly amazing...

    http://money.cnn.com/2015/09/09/tec....html?iid=ob_homepage_tech_pool&iid=obnetwork
    .
     
  2. jcsd
  3. Sep 14, 2015 #2
    "Time for the company to move on" is not a reason. Wonder what the real one is.
     
  4. Sep 14, 2015 #3

    Bystander

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    What a nasty, suspicious mind --- like mine --- corporate legal dept. started adding up EEO costs.
     
  5. Sep 15, 2015 #4

    berkeman

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    Interesting. What do Equal Employment Opportunity rules have to do with Intel's sponsorship of the competition? I'm not making the connection...
     
  6. Sep 15, 2015 #5

    SteamKing

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    This article in Slate indicates that Intel wants to spend millions of dollars for "improving racial and gender diversity in its workforce."

    http://www.slate.com/blogs/future_t...r_science_talent_search_starting_in_2018.html

    Seems like Intel is now focused more on satisfying the HR Gremlins rather than recruiting the best talent.
     
  7. Sep 15, 2015 #6

    berkeman

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    Ah, that makes more sense now. Thanks @SteamKing :smile:
     
  8. Sep 15, 2015 #7

    Pythagorean

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    The purpose is generally to reduce biases that favor like hires (that may themselves lead to talent loss). Their heart is in the right place, but a better approach would be blind hiring (as opposed to enforcing a particular racial/gender ratio).
     
  9. Sep 16, 2015 #8

    Astronuc

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    That's admirable, but why not in conjunction with the Intel Science Talent Search?
     
  10. Sep 16, 2015 #9

    SteamKing

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    There's only so many dollars to go around. Intel is reportedly committed to spending $300 million on its workforce diversity program.

    Intel has sponsored the Talent Search since about 1998 and they feel, for better or worse, that it's time for another corporate sponsor to pick up the torch, so to speak.

    With the new spin-off at HP coming, 30,000 people will soon be hitting the streets. The PC market has matured and stabilized, but Intel has not made much headway in creating products for new markets, like mobile devices. Things might appear to be going well right now for Intel, but perhaps the company is making some strategic decisions for the future, and the Talent Search sponsorship gets the chop now.
     
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