Did performance even factor into this? Some really high performers were part of the cuts last week.
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Hey, I was an M1 and visible top-performer for years....most folks are shocked I was cut (me too? :)) Inside the office my former team-mates asked how it could be (naturally there was a meeting to discuss my departure)...they tell me that the management answers were ill-logical. I pray for the bosses who chose me....we worked so many years together, travel together, actually spent more hours with them than my actual family at home! This layoff did not look or feel like anything we saw back when Appleton was at the helm....or even the surprise one in 2013 under Durcan. Sanjay got his own style for sure. No hard feelings, I will go find something else or it will find me....my wife prefers we can remain in Boise. We will find out.
A lot more to Total Compensation than Salary and RSUs. Can't forget health insurance. The majority of Micron's health insurance is in 'Self Insured' plans, thus Micron, not the insurance provider flips the bill. I suspect workers who incur high medical costs got targeted:
The Self-Insured Group Health Plan includes a variety of self-insured plans. .... If a plan is self-insured, benefits are paid directly out of the general assets of the Employer. There is no special fund or trust or insurance from which benefits are paid. The Employer has hired the Claims Administrator listed in the accompanying chart to process claims. The Claims Administrator does not serve as an insurer, just a claims processor. ..... The Employer is ultimately responsible for providing self-insured plan benefits, not the listed Claims Administrator.
https://media-www.micron.com/-/media/client/global/documents/general/benefits-handbook/2023/2023_benefits_book_admin_facts.pdf?la=en&rev=b291995dd89f470b9c64189d279e8247
performance was irrelevant in many places. There was an incredibly high project and site bias in the SSD firmware org for example. Cr-p performers on critical projects in the right site are still there wasting time and resources of the company while mid-tier performers were let go, even though they would run circles around some of the survivors
Sorry hehe, maybe I’m a bit slow. How is that the opposite?
It is the opposite. NGCs who have unvested RSUs as sign-on and higher TC because of the market will be targeted, also high-performance people too. That's the reason why some M3 and M4 refuse to discuss the list with M1 and M2. It is nonsense.
So, this implies that the lower TC you get, the likelier you are to be let go? I guess new hires may be the easier target?
Total compensation. Basically your base and RSU.
What’s TC
It is most likely based on the TC. As far as I know, each group has a target number in addition to the number of HC, and your M3, and M4 will try to make a list to match the number. Performance is a factor, and TC seems to play a more important role.