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Comments (2)
The disconnect between the ticker symbol and the actual hallways is deafening. It is a classic move—liquidate the long-term talent, dress up the balance sheet with cost-cutting, and sell the dream of a 'pivot' to Wall Street. Investors are trading on the brand name and the idea of government subsidies, but they aren't looking at the exodus of the engineers who actually know how to build the chips. You can’t manufacture a culture or an innovation pipeline overnight once you have already gutted the people responsible for both.
Stop looking at the stock charts if you want to know the future of this place. The share price is currently a reflection of aggressive layoffs and financial engineering rather than genuine product competitiveness. Every time I walk past an empty desk that used to be held by someone with twenty years of experience, I realize that the institutional brain drain is irreparable. It is effectively a shell company now, coasting on historical momentum while the actual engine of the business is being dismantled for parts.