The first TPG All Hands question was straight up ballsy. Too bad, Shanky gave a non-answer "EQ-IQ-EQ-IQ".
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@by Sassine is a tool. The glory days are gone for sure. For shame.
@bn Of course for us, a bunch of pathetic low-level technical workers. Shankar made it crystal clear at the meeting today: we are all-in on AI, but we have no idea how to monetize it yet.
Let’s discuss the two most likely scenarios using simple logic:
Assuming AI really takes off, the most logical outcome is that the client’s tech team will develop their own highly customized EDA modules at extremely low cost and with incredible efficiency. The better AI performs, the less they’ll need our outrageously expensive products—not to mention the risk of sharing their technical know-how with our engineering team. Shankar saved face by claiming SNPS’s advantage is our domain knowledge. Give me a break—we don’t have a damn thing in the way of domain knowledge. It’s the client on the production floor who holds the most critical domain knowledge, okay? AI will only make them even more reluctant to share technical details with us. What Shankar said is just nonsense.
Assuming AI is just hype, then what we’re blindly doing right now is a complete waste—and that’s assuming they’re laying off us, the employees management considers the most useless, to free up funds for AI investment. How low do you think SNPS’s stock price will plummet?
Whether it’s scenario 1 or 2, the best move for us, low-level technical staff, is to grab the first chance we get to exit here. Don’t delude yourselves into thinking we’ll ever return to SNPS’s glory days before Sassine. If you truly have faith in AI, don’t delude yourselves into thinking it can only replace Adobe, not EDA or FEA.
What was the question? I left the company of my own will but still like to follow the drama
@a1
Painless for whom ? The jokers in the C-suite, or the poor grunts with payments to make and a terrible job market
i also skipped the meeting. What was the first question, please?
@OP for those of us too tired and demoralized to have watched it, could you provide a synopsis (pun intended) of what that first question was and anything else of interest?
This confirms that the layoffs will continue, only now they’re being carried out in a more underhanded way—what’s known as “painless layoffs.” Gaslighting taken to the extreme.