Just so people are aware, TI just substantially cut profit sharing for 2026 onward. We all basically got a large pay cut.
107 replies (most recent on top)
@74j Thanks for the clarification, Haviv.
Concerning to see how the chat is ranking everyone down who tries to be even remotely reasonable. The difference between the old and new scheme on the 2025 result would be 7 percent (from 19 down to 12 percent based on the comparison of both tables). That is hardly an attempt to cut PS to 0. Plus, there is an opportunity now to achieve more (25 percent instead of 20). In capitalism, who is surprised that a company aims at higher profit and wants to encourage everyone to work together to get there?
Bashing Keith O for this makes no sense, on such decisions his role even as MKTG SVP is executional. The "new guy" mentioned above is Stefan B and this is a decent person who cares about people. I worked for him in Europe for nearly 10 years. Just saying.
Comments on the profit sharing infolink page are wild :) ... HR must be taking names
@19t they laid off top performers in a lot of areas I saw
@OP Wow...0%. Saw that a few times during my tenure at T.i.....but pretty much all those times balance sheet was in the red. That isn't the scenario now.....cold, nasty play by the SLT. Sad to see how outside pressure from "E" is influencing this even when they don't have a board seat......TI could become the next SWA.
giving anyone 0% after all these layoffs is crazy. Anyone who is working at that level should have been laid off. If not, who were we really laying off?
0% as well. Guess im out as well.
0.0%
Guess they want me gone.
@13n haviv is that you?
Having been at the company for 6+ years this change to PS along with the language used from SVPs in recent town halls has been the final nail.
HR was told “if you use one slide to talk about compensation then use this one on PS payouts” Even though there was always the disclaimer of saying its a bonus, not a guarantee, that doesn't change the fact that they talk to us like it was always going to be a given. It doesn't change the reality that they used PS to say that we are competitive in compensation, sense you cant see that from base pay.
This change along with the other bad practices (like only hiring NCGs and then removing many critical training programs) has made working here near impossible.
Anyone on here saying otherwise is exposing that these changes don't impact us same way.
@13n the bonus is part of our overall total compensation. It's always been the thing that has made TI an even remotely attractive employer given that, if you remove it, the rest of our compensation is well below that of ALL of our competitors.
@13n The rules for how income is taxed say that you are wrong.
@fq your pay is not being reduced. Bonus is not part of your fixed income. A bonus is just as it sounds; extra to your pay. It has never been guaranteed in the first place.
2.6
CR-P pay
It seems like my TI dreams have disappeared.
@q0 almost every "new employee" I know of got 3.5 with a handful of exceptions. The most recently hired NCGs mostly got 4, again with a handful of exceptions.
Today, they said "we are doing this to motivate you" what a load of cr-p. without the PS we are bellow market salaries.
You are doing great! as a reward we are decreasing your salary! It is to motivate you to do even better! Those where the exact words....
@pq
Uh, 3.5 for NCG is definitely NOT normal. Might want to check your sources.
White sheets are coming out. Hearing 3.5% for NCGs. Last year it was 4%. So the theory of "raising the base and reducing the bonus" is out the window
They know the people with 10-30 years are comfortable and afraid to go find another job. Face it MS and EE jobs don’t translate to other jobs and where else will go? Don’t complain about the abuse and stay for more…take the plunge and go get another job. You might have to take a pay cut for a few years, but you can find something better.
Not sure how anyone could think the PS reduction is not purposeful? Just another tactic to reduce headcount instead of RIF's
@kr Good perspective. One thought, though: some people seem to think (hope) base pay will be adjusted upward to make up the shortfall. I wouldn’t count on it- the whole point of this exercise was to cut costs. Why would they turn around and pad base salaries afterward?
@OP recently retired after 35 years. Job grade 31 +...elevated Tech Ladder. TI definitely hasn't been the same company that I hired on with. As for PS.....the criteria changed several times over that 35+ year time span. 10 years ..never saw it......numerous years of balance sheet in the red. Things definitely changed when TI sold off Memory and Defense....still had 3 years of no PS. One year no raise ( post dot.com bust) but TI did do PS after Goldman Sachs bust in 08...but did no raises. PS was defiantly a great reason to stick around as from a salary basis T.I . is well known as Tiny Income ( some may say Training Institute). Bailed with early retirement as more on more of this current SLT came on board.....I get it why some are very frustrated. It is too bad that SLT & Board did not review the playbook after the Goldman Sachs bust in regards to compensation strategy......then actions kept folks interested and as it played out TI had the proper talent in place and ready to rock when the transition to Analog took off shortly thereafter......a trend the company benefited from for close to 15 years. PS was never guaranteed but it sure helped keep interest while base salary continued to be below industry mean. Hopefully management addresses base rate gaps as the realistic PS windfall has shrunk. I fear that expanding mfg capacity will not be staffed with the proper level of talent and experience for the company to actually get the benefit of that capacity when the market demands it......and isn't it ironic that management is now ( Q4 earnings report) signing a much more positive tune about the future of TI's revenue. Good luck to everyone.......hopefully this is a short term action and the market makes it impossible for TI not to adjust in the future.
@je
Our profits are spectacular for this industry. There was no good reason for this.
Year Company Revenue ($B) PFO% Revenue Weight (%)
2015 TXN 13.00 32.43% 36.4
ADI ~6.5 23.58% 18.2
MCHP 4.00 19.00% 11.2
MPWR 0.33 12.63% 0.9
SWKS ~4.3 31.41% 12.1
QRVO ~3.2 7.09% 9.0
ON ~3.0 7.71% 8.2
2016 TXN 13.37 36.87% 36.5
ADI ~7.4 27.97% 20.2
MCHP 4.3 17.73% 11.8
MPWR 0.38 13.95% 1.0
SWKS ~5.0 36.50% 13.7
QRVO ~3.5 -0.11% 9.6
ON ~3.3 8.34% 7.4
2017 TXN 14.96 40.64% 38.0
ADI ~8.7 17.82% 22.1
MCHP 4.6 6.93% 11.7
MPWR 0.47 16.70% 1.2
SWKS ~5.3 34.43% 13.5
QRVO ~4.0 0.90% 10.2
ON ~3.6 12.42% 7.2
2018 TXN 15.78 42.36% 38.8
ADI ~9.8 26.59% 24.0
MCHP 5.0 23.52% 12.3
MPWR 0.58 19.82% 1.4
SWKS ~5.4 34.44% 13.3
QRVO ~4.5 0.58% 11.1
ON ~4.2 15.02% 8.1
2019 TXN 14.38 39.82% 38.0
ADI ~10.1 24.80% 26.7
MCHP 5.5 12.92% 14.6
MPWR 0.62 16.73% 1.6
SWKS ~5.5 28.46% 14.6
QRVO ~4.8 2.97% 12.7
ON ~4.4 7.70% 11.8
2020 TXN 14.46 41.61% 36.9
ADI ~10.5 23.41% 26.8
MCHP 6.2 11.96% 15.8
MPWR 0.84 19.74% 2.1
SWKS ~5.6 26.57% 14.3
QRVO ~5.0 12.20% 12.8
ON ~4.6 6.57% 10.3
2021 TXN 18.34 48.62% 39.5
ADI ~11.3 18.16% 24.4
MCHP 6.8 12.49% 14.7
MPWR 1.20 21.73% 2.6
SWKS ~5.8 31.29% 12.5
QRVO ~5.5 20.11% 11.8
ON ~5.4 19.11% 10.8
2022 TXN 20.02 50.09% 40.5
ADI ~11.8 25.79% 23.9
MCHP 7.1 25.33% 14.4
MPWR 1.79 29.36% 3.6
SWKS ~5.9 26.92% 11.9
QRVO ~5.6 25.42% 11.3
ON ~5.8 29.51% 10.4
2023 TXN 17.52 42.34% 37.7
ADI 12.31 29.32% 26.6
MCHP 8.44 36.78% 18.2
MPWR 1.82 26.45% 3.9
SWKS ~6.0 22.60% 12.9
QRVO ~5.2 3.49% 11.2
ON ~6.4 31.63% 12.3
2024 TXN 15.64 34.86% 36.9
ADI 9.43 18.85% 22.3
MCHP 7.63 33.49% 18.0
MPWR 2.20 24.44% 5.2
SWKS ~5.8 15.23% 13.7
QRVO ~4.8 1.95% 11.3
ON ~6.8 26.82% 12.6
@jy okay boomer. Enjoy your good boy points.
Guys just a PSA: please for the love of god do NOT use the company network if you're gonna read and post here (and on other places too!!) They can see which sites you go to, and if you make a post, they can read that too, and trace it back to you. Same goes for using company devices too. They probably won't hesitate to take action against dissenters if you're caught sh-t talking the company and the leadership on here on company time. I say all this cause my dum--ss buddy on my team was posting here on wifi... he's paranoid as he-l now after I let him know lol and rightfully so. Things are already tight at the company as it is. Stay safe yall
@jn Looks like baby's first dictionary of logical fallacies is really helping you refute my arguments, huh? Disagreeing with leadership decisions isn't abuse you mo--n. Likewise, you can't call normal corporate decision-making “toxic narcissism” just because you don’t like the outcome. It's just how public companies work. Welcome to the real world kid, this isn't university anymore. You can hate the reality all you want, but pretending it’s some kind of workplace abuse is total BS.
They have contempt for us. They joke about making our lives hard and derive pleasure from seeing us stress over our home finances. Every SVP is a multimillionaire receiving 4+ million in stock every year and something like 800k in cash. It doesn’t affect them. They don’t care and never will.
@jg you’re moving the goalposts. All that does it make it obvious you’re someone trying to do damage control. It’s not working, and your ratio exposes your bootlicking.
Take note, readers. This person’s attitude enables abuse in the workplace and excuses toxic narcissism.
@hx How much you wanna bet they are pulling a WB and are getting ready to sell?
@jf Calm down bud, SLT absolutely does think long term. That’s LITERALLY their job. Just because every detail of strategy isn’t visible to employees doesn’t mean it's not there. Public companies can’t share everything without hurting themselves competitively. CQ results matter because that's how we fund long-term investment. As for layoffs, yes, they happen, but that doesn’t mean the alternative (deeper cuts or reckless spending) would be any better. Historically TI has been far more disciplined and stable than other companies, and that discipline is exactly why the company survives while others implode. And on PS, it may have been communicated as part of total comp, but it was never guaranteed. Treating variable compensation as fixed income is your own personal financial planning choice, not a promise the company made. Not everything you don’t like is a failure of leadership.
@je First off… thinking ahead? all SLT cares about are CQ results and how much money can be saved now, with no idea (or nothing that has been shared with us) of where this company is headed long term. Second, layoffs are still ongoing… and expected to continue in 2026. Third, you’re right, that’s how PS started, as a bonus. But in recent years, language started rolling up PS in our total comp, so yes it has turned into an expectation when considering overall compensation. It is what made TI competitive in the market.
Honestly some of the takes in this thread are wild. Leadership didn’t want to do this. Nobody wakes up excited to adjust profit sharing. TI is thinking long term here, not, emotionally reacting like people in this thread seem to be. The market is tough right now, margins and shareholders matter whether we like it or not. That’s just reality.
And let’s be real, PS was NEVER guaranteed income, it’s called profit sharing for a reason. When profits are up, the payout is up too. A lot of companies would’ve just done mass layoffs instead. TI chose stability and employment and that says a lot. If this company is really as bad as some of you are making it out to be, nobody’s stopping you from leaving. Just my two cents. Grateful to still have a job and leadership that’s thinking ahead.
Never thought it would come to this, I loved my job, I thought I was going to stick with this company for life. Now everything has changed. Just quit, no two weeks, no nothing, I'm done. My life is ruined.
@hx Get ready for the shift
@f6 you work in HR or A-wing?
Ok this is gonna sound insane but I can’t get it out of my head and it's driving me crazy. Senior leadership is WAY too calm. I’ve walked past closed-door meetings where they’re straight up laughing. not stressed, not tense, they're actually f---ing joking around. Meanwhile everything is on fire and people are doing mental math about mortgages and childcare and whatnot trying to figure out if they're gonna make it. Notice how they answer PS questions? They never say “this affects me too.”, it’s always “I understand how this feels for you”. Oddly specific phrasing. like they’re intentionally outside the blast radius. The timing feels rehearsed too. Leadership change, PS cut, RTO enforcement, headcount still shrinking, roles “re-scoped”, teams merged “temporarily”. Sometimes it feels like they’re running an experiment. dial the pain up a little, watch who leaves, adjust. No severance, no headlines, just quiet exits. I just can’t shake the feeling that the people laughing already know how this ends for us.
@ht Keith isn't in the marketing department anymore, it's a new guy
@hq Ogboenyiya is a traitor to his own people. He knows this is gonna hurt the black folk and other minorities in the company that rely on that money. He doesn’t care. He got his, now he’s pulling up the ladder behind him. He’s a no good Uncle Tom cracking his whip for the master.
@hq lol wtf. You can see their stock compensation by just searching for TXN insider trading on Google. It’s obscene. They don’t feel the impact like we workers do.