In Onsemi's Q4 2024 earnings call, the CEO mentioned structural changes, headcount reductions, and potential site closures in Q1 2025. Does anyone have specific details on which sites or teams are affected and the possible impact? Any updates/insights?
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2400 globally in 2025. Any sites already affected?
https://www.sec.gov/ix?doc=/Archives/edgar/data/1097864/000119312525035138/d928094d8k.htm
Any sites closing? Some departments will be dissolve.
Why is everyone mentioning Thursday?
Also, will the announcement be for all sites globally?
Any chatter about Thursday? How will the information communicate to us? Anyone got a meeting invite?
Why next Thursday? Who from HR confirmed?
Didn’t Hassane say that even in down years bonus will be paid? I get the corporate multiplier reduces it significantly but what about the ridiculously complicated individual goals? He talked poorly about Keith because it was pretty routine to not get a bonus in down years. Keith never cut merit.
Notifications are next Thursday per HR. That’s all the more important going to say.
R&D team here, my manager said she is not sure if we will be impacted, wondering if she already knew.
Any updates on European AMG sites, mainly Switzerland, Belgium, and Czech?
I doubt if they'll announce complete plans by next Thursday. Per my management, it might take 3-4 weeks for final announcements.
Notifications are next Thursday and it’s the biggest layoff in company history. Hassane talks so poorly about the old regime but look what’s happening now.
Do we know which departments will get hit? R&D? IT?
End of Feb
How long should we wait to get the finalized decision?
Tired of being stressed out.....
Any news today?
Talks of minimizing design centers across US and mainly Europe, numbers still unknown
Any update on sites across Europe?