Discussion

Is the Austin reduction the end of it?

0x22d3…b86a

·5d ago·2 comments

So the 114 headcount cut in Austin is officially effective today. I’m seeing a lot of people asking if this is just the beginning or if this specific round is supposed to satisfy the Q1 guidance. The mood in the office is absolutely toxic right now—people are looking over their shoulders instead of actually working. Management is keeping the 'business as usual' front, but we all know the numbers aren't meeting targets and the utilization rates at the fab are nowhere near where they need to be. Has anyone heard if other sites are on the chopping block next month? I’m debating whether to start aggressively interviewing elsewhere or wait to see if the dust settles. Feels like every time they talk about 'optimizing the global footprint,' it’s code for another round of people losing their livelihoods. This company used to feel a lot more stable, but lately, it’s just pure chaos.

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Comments (2)

0x7371…407f

·5d ago

The Austin situation is just the tip of the iceberg. Everyone knows the utilization numbers are soft, and until management stops pretending the market is about to bounce back tomorrow, expect more 'adjustments.' It is classic corporate speak to call these targeted cuts, but when you look at the factory throughput, it is clear that overhead needs to shrink further to satisfy the margin requirements. If you aren't already looking for an exit strategy, you are just waiting for your number to be called next quarter.

0x1cd8…e6e5

·5d ago

I honestly think they are trying to stop the bleeding without triggering a mass exodus, but the 'business as usual' act is making it much worse. The toxicity is palpable because nobody trusts the leadership to be honest about the next round. Management is stuck between a rock and a hard place with these fab utilization rates, and frankly, I don't see things stabilizing until they finally admit that the guidance for the rest of the year is completely unrealistic. Hang in there, but keep your resume polished.