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ASML staffing changes could result in a net reduction of around 1700 positions

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Re: ASML staffing changes could result in a net reduction of around 1700 positions

#151

Post by _glass »

Der_Einzige wrote: post #67
Nition wrote: post #58

Earlier quoted context omitted.

As I understand it, white-collar work at all levels is eliminated, as are creative pursuits (art, music, etc), and we can finally return to humanity's true calling - manual labour.

This but unironically. I'm hoping I can get into the skilled blue collar labor before it gets flooded by the hordes of unemployed AI researchers circa the 2030s (likely 2028 lol). No I'm not even kidding

Wait for the robots taking manual labor. Maybe there is some value in nursing them?

Re: ASML staffing changes could result in a net reduction of around 1700 positions

#152

Post by compounding_it »

AmbroseBierce wrote: post #79
elric wrote: post #71

Earlier quoted context omitted.

> I interviewed with ASML a decade and a half ago and while there was plenty to complain about (eg their tens of millions of lines of absolutely unmaintainable C code) How is one exposed to tens of millions of lines of unmaintainable code during an interview?

Making the right questions when they ask if you have any questions

Recently I got to know at an interview how company A (big western company) acquired another company years ago and are now working on redeveloping code that was an important part of the acquisition which fails to scale beyond the original use case.

This kind of stuff during interviews is a lot of learning in itself especially if you’re working already in the same area.

Re: ASML staffing changes could result in a net reduction of around 1700 positions

#153

Post by zwaps »

nialv7 wrote: post #77

It's insane to me how the manager culture is. Somehow going from an engineer to a manager is a "promotion"? No, they are equals. Just different people doing different kinds of jobs. There should be two tracks and people should be able to choose. If engineers feel they have to become managers to grow their careers, all you are getting will just be unhappy engineers and bad managers.

A weakness of European companies is that with very few exceptions, there is no equivalent IC role to managerial roles beyond maybe junior management.

There are companies that promise this, but it is rarely done. For whatever reason, management is universally convinced that ICs have lower value and are more replacable than managers.

It's also a distinctly European trait that European executives can look at US tech companies, who have IC roles on all levels, see that they are the most successful and innovative companies in the world, and conclude that yes, maybe capping IC benefits and adding another level of management is the way to go!

Re: ASML staffing changes could result in a net reduction of around 1700 positions

#154

Post by zwaps »

shawabawa3 wrote: post #106
romanovcode wrote: post #91

Earlier quoted context omitted.

> No, they are equals. The salary is not equal.

in many tech companies they are, an IC6 is paid the same or similar to an M6 The difference is there will probably be a lot more M7+ than IC7+ so getting to the higher ranks is easier as a manager

Only in American tech companies

Re: ASML staffing changes could result in a net reduction of around 1700 positions

#155

Post by themafia »

abigail95 wrote: post #16
noosphr wrote: post #7

> ASML also announced a new share buyback programme of up to €12 billion, to be executed by 31 December 2028. Oh boy. This fills me with dread. I've never seen a company that starts doing buybacks not become a financialized hollow shell within a decade. Being an irreplaceable monopoly on the commanding heights of the digital economy makes this even worse.

It's a mechanism to distribute profits to shareholders. Do you invest in companies that don't distribute profits - does this get you some kind of higher return?

> It's a mechanism to distribute profits to shareholders

With different consequences and historical outcomes to more commonly used mechanisms.

> Do you invest in companies that don't distribute profits

Does every company that distributes profits do so with buybacks?

> does this get you some kind of higher return?

Do all companies payout the same ratio of market cap as dividend?

Re: ASML staffing changes could result in a net reduction of around 1700 positions

#156

Post by ccozan »

yomismoaqui wrote: post #127
joe_mamba wrote: post #104

Earlier quoted context omitted.

Thanks for sharing. You know what's ironic about Qimonda? China bought their IP after they went under, and used it to build two domestic NAND and DRAM manufacturers that are set to become giants. Funny how China has the vision to use, finance and monetize where western governments keep failing. That's what hurts the most to see. EU says they want a strong domestic electronics industry, but with the exception of ASML,…

Say what you want about China's monoparty system, but it enables planning that spans decades. Our 4 years terms is short slighted by design.

EU has 7 years planning interval. Is not bad and tends to overlap the usual 4 years legislature in member countries.

Re: ASML staffing changes could result in a net reduction of around 1700 positions

#157

Post by BoredomIsFun »

aurareturn wrote: post #61
BoredomIsFun wrote: post #23

My semi-tin-foil speculation: The laser research facility is in US (San Diego); Europe is on the brink of a divorce from the US; there is an expectation of scaling down.

No. US can't make these machines. Laser facility in US would suffer too.

It does not negate my point though.

Re: ASML staffing changes could result in a net reduction of around 1700 positions

#158

Post by zwischenzug »

zhouzhao wrote: post #10

ASML understands what most big companies don't. If you don't reach your targets it's not the engineers fault. It's bad management ;)

Engineers can definitely contribute to the problem too, in my experience.

Re: ASML staffing changes could result in a net reduction of around 1700 positions

#159

Post by fc417fc802 »

gpvos wrote: post #129
fc417fc802 wrote: post #105

Earlier quoted context omitted.

Presumably because people expect to be promoted periodically, so they pile up on the high end until the symptom gets corrected all at once. A realistic (but quite controversial) solution might be to emulate other companies that have done away with most of the promotion hierarchy. Different roles but more or less standardized pay across all employees and an understanding that promotions aren't a thing. Rather than cli…

Just have the possibility for pay increase without taking on management responsibilities.

Once engineering starts out earning them by a wide enough margin management will become insecure. /s

I actually am curious why this isn't a more commonplace practice. Why would we build systems that keep accumulating managers at the expense of skilled senior engineers?

Re: ASML staffing changes could result in a net reduction of around 1700 positions

#160

Post by themafia »

aurareturn wrote: post #61
BoredomIsFun wrote: post #23

My semi-tin-foil speculation: The laser research facility is in US (San Diego); Europe is on the brink of a divorce from the US; there is an expectation of scaling down.

No. US can't make these machines. Laser facility in US would suffer too.

> US can't make these machines.

The US is pretty dynamic. So is every country. To the extent it appears not to be there is usually some entity with it's thumb on the scale.

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