Thread regarding Micron Technology Inc. layoffs

This layoff was very different from prior reductions.

In prior layoffs at Micron you where low hanging fruit for the layoff if you had poor reviews, attendance problems or your managers didn't care for you. This time the cuts in many cases didn't happen to just the low hanging fruit and in some instances the low hanging fruit survived. They were safe as long as they are cheap fruit.

This time around there were cases where not even the M3 of the department had a say in the layoff selections.

If you are costing the company a lot of money in any way you should be looking elsewhere. You are at risk for the next round. If you are older, have high medical insurance costs, have large amounts of outstanding RSUs, or high top balances you should be concerned.

If you reain at Micron you should ask to see the severance agreement that was offered to the laid off workers. You desrve to know that it explicitly allows Micron to violate discrimination laws by preventing anyone that signs it from pursuing discrimination litigation.

You should ask why some departments had blatant age bias in the workers that were let go.

You should ask what criteria was used in the cases where the managers close to the workers had no say in the selections.

You should ask why workers that have averaged over a 3 in thier preformance rating where selected.

You should ask why workers that had been relocated by Micron in the last two years were cut. A corporate relocation is very expensive. Why would the company spent that money just to dispose of that worker.

Ask why workers that had been valued enough in the recent past to be sent on expat assignments where cut.

You will find that they will not answer any of your questions. Then you should ask yourself why won't they answer these questions? What do they have to hide? Why will they not share any data on the layoff?

You should read the Micron code of conduct then ask yourself if the executive team is living by the code that they hold you accountable to live by.

Remember, you are a disposable resource to Micron. Treat it like a job, not a career. Ask yourself how many people do you know that have been laid-off from Micron compared to how many you know that have gone into real retirement.

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| 4001 views | | 19 replies (last August 9, 2023) | Reply
Post ID: @OP+1mJyJTc6

19 replies (most recent on top)

"As a 35 + year veteran I was let go in February I had stellar reviews and always helped out anywhere needed. I was a loyal long timer and didn’t even get a thank you for all you contributed to the company just your number has come up good by"

This is a common theme for this layoff. Age and benefits cost where a clear factor in the calculation used without doubt. In some cases local managers had no say at all, it came from HR and the M4 or higher levels.

It is unfortunate that the DoJ and Department of Labor (DoL) allow employers like Micron to use the severance payment as a bribe to break labor laws and prevent lawsuits. When the DoL see mass terminations, like this one, that have a clear age bias they should step in and impose fines against the company and file charges against the executives that approve the terminations to deter the criminal behavior.

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Post ID: @1icas+1mJyJTc6

"As a 35 + year veteran I was let go in February I had stellar reviews and always helped out anywhere needed."

It is happening in other companies as well, a strange trend of h1b folks replacing americans. Around December the company was just jamming in h1b folks. I thought it was wild at the time but I figured the company knew what it was doing. They were not even interviewing with all of the group. Maybe it makes for a splendid but illegal DEI report. It appears they can't do much.

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Post ID: @15trn+1mJyJTc6

As a 35 + year veteran I was let go in February I had stellar reviews and always helped out anywhere needed. I was a loyal long timer and didn’t even get a thank you for all you contributed to the company just your number has come up good by

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Post ID: @15vbs+1mJyJTc6

The age discrimination was blatant this time around. The cuts were very targeted to high cost individual contributions. At the top of your GJS pau gange, high medical insurance usage, large number of non-vested RSUs, high TOP balance, relocation costs.... All of these describe the older workers that were the majority of the cut workers.

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Post ID: @vbra+1mJyJTc6

well, I've been through only the last 3 layoff cycles and this was terrible. We cut a lot of good people and people with experience. Now 40% of my team has less than 2 years of experience, and another 30% has less than 2 years of experience on the part.
Basically, 7 out of 10 are newbies.

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Post ID: @sils+1mJyJTc6

"This is no different than the previous 10-12 layoffs."

This is not a true statement. I have yet to hear a long term manager state that this was like the prior layoffs. Never before have M3's been blindsided with a list of mandated names where they had no say in the matter. There where without question analytics used to target individules that had not been used at Micron in prior layoffs.

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Post ID: @9qht+1mJyJTc6

If us government does not help Micron for China’s decision, there is unavoidable laid off soon due to 10% revenue cut. To help Micron, Tiktok must be released which is something Meta, Twitter, Youtube do not like.

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Post ID: @5nro+1mJyJTc6

https://www.axios.com/2023/05/22/china-us-chipmaker-micron-national-security-supplies-ban

China's government told operators of "critical information infrastructure" to stop buying Micron Technology's products Sunday and claimed the U.S. chipmaker threatened national security.

No, don't worry. Micron's management is stupendous. This is just cyclical.

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Post ID: @3gdl+1mJyJTc6

China stopped buying from Micron. So defiantly expect more layoffs. 3.3 billion in losses. Micron will probably close it’s doors soon.

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Post ID: @3ifp+1mJyJTc6

The Micron leadership team has done an amazing job navigating the company through arguably the worst downturn in history. The big three memory producers have all cut employees loose, paused hiring and even lowered production during this downturn. If this kind of cyclical roller coaster ride stresses you out, perhaps a career change will help alleviate your stress.

Leadership has to protect the longevity of the business, even if it means making difficult decisions to reduce headcount and cut expenditures.

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Post ID: @2yqj+1mJyJTc6

"Yes, there will be layoffs - just as they have had at least 10-12 times before. Yes, poor performers will be targeted, and yes, contributors who make above the median average for their group will also be scrutinized as a cost savings cut. This is no different than the previous 10-12 layoffs."

It sounds like HR is posting online again.
This also sounds like an excellent description of "upper managment" which just tanked Micron. Hmm, I wonder how many (and there are very many) were let go.

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Post ID: @2dxo+1mJyJTc6

The next round will be in October.

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Post ID: @2vlg+1mJyJTc6

I always think what kind of jacka$$ comes up with this kind of post. If u are already (hopefully) laid of then chill the f.v..k down and go look for a job. If you are still here and it bothers u so much, then as george carlin said once: 'Bobbie, take your $hit, clean your desk and get the f.v..k out here, you are a loser!'

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Post ID: @2zct+1mJyJTc6

This original post cracks me up.

Yes, there will be layoffs - just as they have had at least 10-12 times before. Yes, poor performers will be targeted, and yes, contributors who make above the median average for their group will also be scrutinized as a cost savings cut. This is no different than the previous 10-12 layoffs.

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Post ID: @2byi+1mJyJTc6

"This is a cyclical industry no matter how much the recruiters and marketing teams try to hide it."
The economy is cyclical. The weather is cyclical.
What is concerning is micron's poor performace, its future potential, its reputation, and
how much american resources it consumes. With -2 earning per share,
everyone in upper management should have been handed their hat.
There is no reason why micron will not repeat this poor performance.

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Post ID: @1zva+1mJyJTc6

This is a cyclical industry no matter how much the recruiters and marketing teams try to hide it. There will be more layoffs no matter what, and the nature of this industry means the largest and most influential shareholders will continue being the most predatory folks who will always kn--e the employees even during the best of times.

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Post ID: @1tow+1mJyJTc6

There is a 100% chance there will be another layoff at Micron. MY not happen for 5 yeares or so, but it will happen.

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Post ID: @1crb+1mJyJTc6

When and how likely are more layoffs?

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Post ID: @rgf+1mJyJTc6

there is going to be at least another round
it looks like the economy right now is not changing course
i have seen some prices go up even which shocked me a little bit

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Post ID: @bsr+1mJyJTc6

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