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ASML staffing changes could result in a net reduction of around 1700 positions
231–240 of 366 posts
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#232I’m generally supportive of the tech industry’s move to rid itself of too many mangers. Most managers are no longer technical, and just create bloated middle layers that slow everyone else down. The only managers that are decent are the ones that have kept their technical skills sharp. Most others just seem to be able to say “my team will follow-up” and “my team will look into this” and are beyond useless. Few are sh…
> Most managers are no longer technical, and just create bloated middle layers that slow everyone else down. > The only managers that are decent are the ones that have kept their technical skills sharp. Alex Ferguson was a terrible footballer when he was managing Manchester United. Yet they won the premiership in 6 of his last 10 years in that role, and have never won it since he left. The skills that make one great…
Not all good footballers are great managers but many great managers were good footballers. Playing in the first or second division is already good in my books.
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#233Asml was eating the Dutch It sector. They were hiring like crazy. I know shit ton of people left their company and moved the asml in last 3-4 years. Even I guessed this was coming.
And yes, wondering how many of these employees will be hired by Chinese counterparts.
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#234Earlier quoted context omitted.
Having ICs with no organization, synchronization or shared vision creates chaos, toxicity and a lot of technical debt. You can easily create negative value. ICs need direction to be successful, and well managed people are much happier in my experience than non-managed people.
A company with only ICs (that produces ICs) is a whole lot more useful than a company with only managers.
There are many useful and successful project management companies that are an indispensable part of many industries, most notably in infrastructure projects.
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#235Well, interesting, I would say they should grow, not shrinking, giving the demand for better and better processors.
They are optimizing their organization for throughput by cutting off the fat so they do expect to grow, it's just that they want to be ready for it, and having a loath of managers doesn't help with it. I figure this move must have something to do with the China labs potentially coming out with their own litography system.
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#236Earlier quoted context omitted.
This makes no sense. Buybacks and dividends are how companies give money to investors
> This makes no sense. Buybacks and dividends are how companies give money to investors Dividends are totally fine (from my perspective), while. buybacks are problematic from a place where executives are bonused on share price and earnings per share, both of which can be manipulated by buybacks. More philosophically, I think that dividends are better for society as they allow investors to realise a stream of value fr…
Dividends in effect force you to sell while buybacks redistribute to people who want to sell/realize it. They are also more efficient tax wise.
The only good reason to pay out dividends instead of announcing buybacks is a view that your shares are overpriced. Then you can't buy them back without facing a potential lawsuit (you are making a company buy something you know is overvalued).
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#237If I was the EU I'd provide capital for ASML to build a 18A fab in Europe, the way the world is going we need our own capacity here...
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#238The press release ( https://www.asml.com/en/news/press-releases/2026/strengtheni... ) seems remarkably to the point, for CEO press release standards. I'm impressed by their ambition to fire 1700 managers (!) That's a lot of managers! 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), I didn't feel at th…
I am not fan of managers, but these are people with families behind them. 1,700 is a lot of families that may go into stress and who knows what. Let's just now talk about them as if they were just rows in a database. (I am not saying OP is talking like that about them, but I am seeing some responses that do...)
Sorry, but the empathy is misplaced. These people working bullshit jobs are dragging down the whole organization. If bullshit jobs are allowed to proliferate, they risk the even larger number of jobs (and families) of the people doing the actual work.
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#239> 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.
That money would be better spent in R&D, investing, or acquisitions. Why.
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#240Earlier quoted context omitted.
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.
Companies are on quarterly schedules.
Countries/cities/counties are often 4ish years.
XI has been the head of the CCP for 14 years