Come on, really? We are suppose to believe Micron is in trouble? Meanwhile let’s take taxpayer dollars and build mega fabs? It’s not just Micron. Sanjay …. You made a huge mistake. Sanjay go …….
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Noted. You do take things to the next level. I don't disregard what you say. However, I am grateful for the gifts I have received. I did pretty well for a kid with a GED. I was blessed to grow up in Silicon Valley where, if you had a pulse, you could get a job. I was pretty undisciplined back then. But I worked my way up. I earned my way, but I was always blessed. Perhaps your treatment was unfair. I am sorry you experienced that. I know a good number of folks that did their jobs well that were let go. But my personal interaction with my managers was positive.
Perhaps it is time to put this exchange to rest. I hope we all find our places again so we can stop being anxious about health insurance, rapid depletion of our 401k, and the loss of self-esteem this brings on. My family has been kind and understanding but I feel embarrassed and a bit lost. But I also appreciate all the good years. I have worked long enough to have a decent Social Security monthly payout when the time comes. All in all, I have high class problems. We will have food on the table and a roof over our heads. More than many of our brothers and sisters around the world have. For these blessings alone I thank God.
Take care my friend.
Tim Leahey, so, from your personal experience, you worked for the most toxic company in the industry, then, moved to another company that used to be much better, but became even more toxic as you moved in. And now you are trying to tell everybody that what's going on at Micron with ageism, stacked ranking, revolving door, gazillion of worthless meetings and presentations, and other sick management games is "industry normal".
I humbly disagree. Micron used to be a different company, not perfect, but well-managed enough to take memory business away from Intel, Motorola, TI, Toshiba, Infineon.
You may have "assignable cause" for your departure, but my performance was stellar when I started to feel I'm being pushed out due to my age and found a greener pasture. You do what's good for you, but I'm not touching Micron with a telegraph pole under current leadership. Even then, no less than 2.5x my last pay check.
I don't have your superior command of the facts. I can only speak to my personal experience. I enjoyed my time at Micron and would like to get back on board when possible. My experience with large corporations includes my many years at Intel, a short stint with Numonyx, and Micron after they purchased Numonyx. I have a been employed ~33 years with these companies. Much of that time working with many of the same colleagues I worked with at Intel. This last year was not a stellar year. I was racked up in a head on collision January of 2022. A drunk drive hit me. My performance took a big hit. I was low hanging fruit for that and other reasons.
I think it takes humility to accept one's fate even if it does not seem fair. Letting me go made sense at the time but I have the Micron native knowledge it takes years to develop. I am essentially plug and play if I ever get back in.
But I do relate with the sense of loss we all feel. I miss my colleagues.
For me personally, regardless of the issues raised here, working at Micron was a very positive experience. Be positive. It can only help.
Tim Leahey,
I have seen no data supporting that the RIF was not age based in many departments. 100% of the people released from some organizations were in the age protected group. The conditions and intent of the severance agreement contract for US based workers explicitly ensures that impacted workers will not fight it in court.
I do agree that Micron is full of top notch employees, but when it comes to Sanjay and much of the management, I don’t agree with you.
Based on your own summation that “Payout to the stockholders is everything”, I’d say that Sanjay is mediocre at best. Micron has had the same return as the NASDAQ over Sanjay’s tenure as Microns top executive and has underperformed the PHLX Semiconductor Sector index by roughly 94%. Amongst his peers Sanjay doesn’t impress me, and the market indicates the same.
If you think Sanjay and his executive team are so shrewd, explain why they purchased Intel’s stake in Fab2 for $1.5B then turned around and sold the entire facility for less than what they paid for Intel’s portion of the JV? Not to mention that Sanjay and team absolutely destroyed the relationships and partnerships that his predecessors at Micron had forged with Intel.
I personally put accountability on management for allowing the over-hiring that got the company into the position where the layoff is necessary. The burden for preventing a RIF is on management, not the individual contributors. I find it ironic to see the leaders posting about building the workforce in Clay, NY. How many years of experience did Micron layoff in the last month? I’d speculate they just shaved over 12,000 years of experience from the company that could be leaned on to enable the new facility in NY.
Keep in mind the CEO of any company must bow to the Board of Directors. Payout to the stockholders is everything. No employer owes us a job. As long as you are release for reasons not pertaining to race, religion, age, gender, se-ual orientation, politics, etc. the employer can release you for legitimate business reasons.
Money from the Chips Act ensures that the U.S. has a domestic supply of semiconductors and is in the best interest of all plus in creates jobs here in the U.S..
I have nothing but respect for Micron management and really enjoyed my time there. I was let go in February. I was not happy about it but it made sense. Micron is a really good company. Under Sanjay it has really grown. My colleague there are top notch employees and have mentored and encouraged me.
Things will get better, and Micron will resume hiring again.
Over performers (some 4s & 5s also) also expelled
What does Trump have to do with that? He was not even near there in 2010-2011 when Biden and Obama said we needed more companies like Solyndra.
So it is genuinely concerning when companies get money from Biden to complete with China, exactly like Solyndra did, plan for an expansion, yet lay off people. Not going bankrupt though, hopefully.
Y'all do realize Trumpty Dumpty lost and the sun WILL come up tomorrow. The current market conditions has nothing to do with the CHiPs Act and this round of layoffs is NO different than they were in 2016, 2013, 2008, 2005, 2003, 1999 and so on.
Get off your pouty, pity party as I promise there will be many more rounds of layoffs in future years. If you are employed in the tech sector there will be cyclical upturns and downturns.
I am strongly suspecting scam when there is government money involved.
Just google: Biden Obama Solyndra
The megafab is a scam. No one except Biden believes Micron can afford a 100B USD fab.
Replying to person above who replied to original comment: It is not a way to get rid of under-performers!!!!! It is Sanjay wanting to keep his 7 figure salary and bringing in new recruits for less money. Laying off good, hard working people for younger ones for less money. Duh! Sanjay is a Dbagg who belongs in prison. It’s called ageism.
You don’t understand, this happens every 5 years. Is a way of getting rid of underperformers.