Is there even one? I can’t see any vision behind these layoffs. It just feels like the same old story - more work for fewer people, with nothing else really changing
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Ya'll know what T.I. stands for....Training Instiute...or...Tiny Income.....we'll known characterization throughout the IC industry
@ad there’s a reason we’re called the puppy mill on Glassdoor.
No magic formula for how much each group cut. Top down directive of numbers came and now they just have to make it work. Before they even have a master plan.
@b6 because they get trained and leave, since they can get better lives elsewhere
@b3 why do you say that NCGs have poor ROI?
@ad they definitely don’t want new college grads. The return on that has been horrible.
The master plan which is already in motion is to move a lot of functions to India to save money.
We’ve seen it in several groups already where design/dv and operations have moved to India.
Im order to meet the new dividend increase from 3% to 4% on the stock, along with converting TXN into a growth stock similar to other chip makers. This is part of the orchestration performed by Elliot. Our CEO and VPs lack the ba--s to stand against them unlike Rich, and will likely receive a handsome bonus from this. Another reason I see is that they want to modernize TI in terms of the bew MBA vision of corporations for fortune 500 where we have faster ROIs and faster employee turnovers to burn through, as opposed to keeping the same people for so long.
Reduce labor costs by eliminating high salary employees and eventually back filling with new college grads. Also, increase workload for remaining employees by 50%.
Cost saving is the master plan.