Current Texas Instruments (TI) top leadership is short-sighted. They've made moves to correct previous inventory problems (by using CHIPS funds to build in US) but the internal structure seems iffy. TI uses outdated legacy programs, written manufacturing procedures seems awkward or inconsistent to access, procedures are outdated, incomplete, or missing. There is little effort to connect to employees. Culture is dead. Moral is low. Employee support is subpar. Health insurance isn't as it once was.
When a large company does mass layoffs, it usually takes the opportunity to remove lower-performance workers. However, in 2024-2025 layoffs, TI lost many of the smartest and hardest working employees. Non-manufacturing/support roles were eliminated (a sign of a company in trouble). The goal appears to have been to cut the high-wage earners. Some jobs are rumored to be going to India. TI waited to "restructure" until after it secured CHIPS money, then started ridding itself of workers at multiple locations. Micron Technologies was more than glad to sn---h up several of these hard-working employees who were able and willing to move.
If TI didn't lose good workers through layoffs, it lost them through attrition - smart employees who were no longer willing to deal with TI. TI sales are declining, its balance sheet is off, efficiency is decreasing, and its free cash flow margin is shrinking.
Whatever TI was in the past, previous top management seems short-sighted. It fails to think long-term or recognize the consequences of removing or replacing experienced employees for the sake of saving a few dollars.