Thread regarding Microchip Technology Inc. layoffs

Big guy bails out b4 the ship sinks

https://www.globenewswire.com/news-release/2020/11/05/2121565/0/en/Microchip-Technology-Announces-CEO-Transition.html

by
| 1911 views | | 1 reply (October 27, 2023) | Reply
Post ID: @OP+17NHKR5y

1 reply

This company has a huge debt and run by 2 Indians one is chairman of the board and his friend is CEO. While executives earn exorbitant fortunes, they keep reducing benefits and pay for employees. The CEO made a fortune through serial acquisitions where he cuts deeply without providing adequate severances. Hopefully someday a law firm will organise a global a class action law suit for generations of employees let go with harm at companies they acquired over the years . Justice is just around the corner

by
| | Reply
Post ID: @hvvlb+17NHKR5y

Post a reply

: