Hassane is such a coward.
Rode the wave of the good times and in his last presentation to employees could only mention how he needs to restructure his pay package from stock to actual money.
There is no better way to crush morale than to show you have no clue how your employees deal with adversity when your only thought is the value of your portfolio.
Dismissive of employee questions and overall bean counter mentality.
He needs to go.
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It's not just US companies, both competitions, NXP and STM are doing the same stuff.
Welcome to Corporate America. They'll mass hire when needed and then mass fire when needed. Don't like it? Go work at a smaller company or better yet, start your own company and be the President.
I have feeling they will consolidate factories as well