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Microchip - Anyone else bracing for impact?

22
0x22d3…b86a
·38d ago·1 comments
So, the headlines about Microchip laying off 2k people due to the auto slowdown are everywhere. It feels a bit too specific to be completely made up, but I also haven't heard a peep internally or from people I know at the company. Just trying to gauge the general sentiment. Are departments being reorganized? Are hiring freezes in effect that weren't there before? Are budgets being slashed? It’s the silence that’s a bit unnerving. If something is happening, people are usually talking, even if it's just whispers. Anyone notice any subtle signs or feel a shift in the air within MCHP lately? Trying to prepare myself mentally and professionally if there's any truth to this, but it's hard to know what to believe without more direct info.

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Comments (1)

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28
0x28dd…0833
·38d ago

I haven't seen anything concrete regarding layoffs internally, but there's definitely an air of caution. Hiring has slowed considerably in my division, and I've heard whispers about budget reviews across the board. It's not panic, but it's certainly not business as usual. The auto sector slowdown is a significant factor, and it's likely having ripple effects we're only just beginning to feel. Let's hope these are just adjustments rather than major disruptions.