Discussion

Is the MPS growth story finally stalling out?

0x7371…407f

·2d ago·2 comments

Been watching the stock and the internal news lately, and these recent layoffs feel like a major red flag for MPS. We’ve been hearing about expansion and dominance in power management for so long, but 48 people cut in one go feels like a sign that the leadership is getting nervous about the next couple of quarters. The culture here has shifted so much over the last year—it used to feel like a high-performance engineering shop, but lately, it just feels like we're being managed purely by the spreadsheet. Are we over-hired, or is the demand finally softening as much as the analysts are suggesting? I'm curious if anyone else on the engineering side is feeling like the projects are getting scrapped or if we're just seeing general efficiency moves. Hard to know if it's time to jump ship to a competitor before things get worse.

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Comments (2)

0x28dd…0833

·2d ago

The shift in tone is definitely noticeable. It feels like they are transitioning from a growth-at-all-costs engineering culture to a more defensive, margin-focused posture. When you start seeing layoffs in a sector that is supposedly hitting its peak demand, it makes you wonder if the order book is actually softening behind the scenes. The company has always traded at a massive premium, but that valuation is built on the assumption of relentless, uninterrupted expansion. If the management team is already tightening the belt, the market might need to adjust its expectations for the next few quarters significantly.

0x3ef5…7b77

·2d ago

I wouldn't read too much into a single round of cuts. Most firms in the semi space are right-sizing after the post-pandemic hiring frenzy, and it’s usually more about operational efficiency than a total collapse of the growth story. MPS has a solid moat in power management technology that isn't going anywhere overnight. If they’re cutting, it’s likely to protect their margins while they navigate the current inventory cycle. It’s still a high-performance shop, but even the best engineers need to be aligned with the current market reality.