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.
ASML staffing changes could result in a net reduction of around 1700 positions
61–70 of 366 posts
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#62The 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 worked for a big Belgian technology company in the past. It was surprisingly lean in terms of management structure. Then Philips television, which had a big division not too far away, went bankrupt and a lot of those people got absorbed into our company. Within a couple of years the Philips people were able to transform the company to be very management/top heavy until nothing worked anymore.
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#63Their major revenue growth potential was blocked by the US for the previous gen systems. Whereas newer gen is so expensive that its biggest customer TSMC is trying to do without. So cutting expenses and share buy backs is the way for major stock holders to decrease their positions without share prices tanking.
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#64> 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.
Their major revenue growth potential was blocked by the US for the previous gen systems. Whereas newer gen is so expensive that its biggest customer TSMC is trying to do without. So cutting expenses and share buy backs is the way for major stock holders to decrease their positions without share prices tanking.
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#65The 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 worked for a big Belgian technology company in the past. It was surprisingly lean in terms of management structure. Then Philips television, which had a big division not too far away, went bankrupt and a lot of those people got absorbed into our company. Within a couple of years the Philips people were able to transform the company to be very management/top heavy until nothing worked anymore.
> Within a couple of years the Philips people were able to transform the company to be very management/top heavy until nothing worked anymore
You see the same pattern with Siemens and a lot of their spinoffs: Continental(VDO), Infineon, Qimonda, Gigaset, Healthineers (yes, that's a real name that somebody got paid to come up with), etc
THe ones without some major moat like trains or energy, got slowly run into the ground becoming irrelevant or stagnant, or ended up being shuffled between various foreign PE groups as they couldn't make them profitable.
Bizarrely, even Healthineers which should be booming due to healthcare being a super profitable industry with a massive regulatory moat, has hit a 5 year low in its stock price.
Remember how Siemens used to make mobile phones? Yeah, well ironically, Apple's in-house modems are the former cellular modem division of Siemens-Infineon that Intel bought and then sold to Apple.
There's something with the management from these massive German conglomerates that just lacks any sort of vision, and over time end up producing bloat, inefficiency, bureaucracy and stagnation while the same staff ends up flourishing and producing top notch tech when under a US company like Apple. Wondering if it's what they teach in business schools over there or if it's the culture, or both.
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#66Can someone explain, why this is done? I get a feeling, it's normally done when a company is in trouble or will soon? But they should have more money than ever. They say it is to focus on innovation, but if you are a smart young person in NL, would you want to work where they just fired 1700 people? And if you already work there and are a top player it is a good time to rethink? A company I know wanted to focus, inst…
One reason, maximizing investor value. CEO and executives usually get bonuses after layoffs.
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#67Guys, is the current narrative that, due to AI, pure engineering is gone and we’re all supposed to be “managers”, or is it the other way around? I kinda lost the plot here.
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
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#68Why the fuck do I need to give them my email to read something??????. Don't even try posting it if all you want is to send emails to me.... Why is the first on hacker news?
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#69The 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 interviewed with ASML a decade and a half ago and [...] I didn't feel at the time feel like it was a very top-heavy organization True, but here's the real kicker: when you add almost 15 years of ZIRP hyper growth since when you applied, you'll then see the same pattern in most big tech companies: overhiring, empire building and management bloat with no proportional increase in innovation or productivity, just hiri…
Yep! That's kinda what I said, no? :-)
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#70Can we change "firing" to "laying off", it's a big difference to perception and legal status. Plus it's literally the title of the article as per HN guidelines.