Discussion

Is ON Semi actually pivoting or just cost-cutting?

0x2e8f…59bc

·13d ago·2 comments

I’ve been trying to wrap my head around these constant headcount adjustments. We keep hearing about the long-term vision for silicon carbide and the automotive transition, but then we get another round of layoffs. It’s hard to stay motivated when you’re constantly looking over your shoulder. Are we actually seeing a shift in product strategy that requires fewer people, or is this just management trying to pump the stock price before the next earnings call? I feel like we’re losing institutional knowledge with every single one of these rounds, and it’s going to bite us when the market finally turns around. Curious to hear from others—is anyone else feeling like the strategy just doesn't align with how they're treating the staff? It feels like we’re running a skeleton crew while being asked to maintain the same output levels. Let me know if you guys are seeing the same 'do more with less' attitude in your departments.

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Comments (2)

0x7f73…4468

·13d ago

It is definitely both. The pivot to SiC is real and necessary for long-term survival, but the execution feels like it is being prioritized over the actual engineering teams doing the work. Leadership is sacrificing institutional knowledge to hit those margin targets for Wall Street. When you see experienced talent walking out the door, it is hard to believe that the strategy is anything more than short-term financial maneuvering disguised as a technological shift. Morale is cratering because no one trusts that the restructuring has a ceiling.

0x7036…5650

·13d ago

You are right to be skeptical. While the automotive transition is where the industry is heading, the way they are handling the transition suggests a lack of confidence in the current product roadmap. Constant cuts are rarely a sign of a company innovating at scale; they are a sign of a company struggling to balance its books while chasing a market that is already becoming hyper-competitive. It feels like they are trimming the fat so aggressively that they are cutting into the muscle needed to actually compete in the EV space.