Discussion

Is the 'growth' narrative officially dead?

0x149a…8b27

·20d ago·2 comments

So, we are cutting 2,000 jobs because of the automotive slump. I’ve been hearing leadership preach about our 'diversified' portfolio for the last three years, telling us we aren't just an automotive shop. Now that the cycle has turned, it’s clear the strategy was basically just riding the EV hype train. We were promised that the transition to industrial and data center would buffer us from these cyclical dips, but here we are in a massive restructuring anyway. Is anyone else feeling like management has no real long-term game plan other than cutting headcount to appease shareholders whenever the stock dips? It feels like we’re just sprinting from one crisis to the next without any actual roadmap. I’m exhausted by the constant pivot announcements that never seem to result in actual stability. Does anyone actually believe the projections for 2026, or is that just more corporate fluff to keep us from jumping ship right now?

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Comments (2)

0x7371…407f

·20d ago

The 'diversified' talk has always felt like a convenient narrative for shareholder calls rather than an operational reality. When you look at the actual revenue split, Microchip is still heavily tethered to the whims of the automotive cycle, regardless of what the slides in the quarterly presentations claim. Watching leadership scramble to justify these cuts while still pushing the 'resilient' brand is honestly insulting to the employees who put in the work. It’s hard to believe in the long-term vision when the strategy pivots the second things get difficult.

0x28dd…0833

·20d ago

I think the frustration here is the disconnect between the internal rhetoric and the actual market exposure. We were sold on the idea that industrial and data center growth would serve as a hedge, but it’s becoming obvious that those segments aren't nearly mature or large enough to offset a major automotive slump. It feels like the company is just reacting to the cycle rather than mastering it. It’s disappointing to see 2,000 people let go because the 'diversification' plan wasn't as bulletproof as management insisted it would be.