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
#2Apologies for the Dutch source, but I couldn’t find any source in English yet.
“ ASML plans to eliminate approximately 3,000 of its 4,500 management positions in engineering. The expectation is that approximately 1,400 people will be able to move into new engineering roles.”
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#3Apologies for the Dutch source, but I couldn’t find any source in English yet. “ ASML plans to eliminate approximately 3,000 of its 4,500 management positions in engineering. The expectation is that approximately 1,400 people will be able to move into new engineering roles.”
Bloomberg also has a link, but doesn’t mention ASML is actually adding 1400 engineers while cutting 4500 managers:
https://www.bloomberg.com/news/articles/2026-01-28/asml-plan...
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#4Apologies for the Dutch source, but I couldn’t find any source in English yet. “ ASML plans to eliminate approximately 3,000 of its 4,500 management positions in engineering. The expectation is that approximately 1,400 people will be able to move into new engineering roles.”
Here's an article in English on DutchNews.nl:
https://www.dutchnews.nl/2026/01/after-record-year-asml-is-t...
See also the statement from ASML (linked to in that article):
https://www.asml.com/en/news/press-releases/2026/strengtheni...
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#5Apologies for the Dutch source, but I couldn’t find any source in English yet. “ ASML plans to eliminate approximately 3,000 of its 4,500 management positions in engineering. The expectation is that approximately 1,400 people will be able to move into new engineering roles.”
Does that mean half of those managers will become engineers?
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#6Are we seeing big engineering manager cuts in the US too?
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#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.
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#8Apologies for the Dutch source, but I couldn’t find any source in English yet. “ ASML plans to eliminate approximately 3,000 of its 4,500 management positions in engineering. The expectation is that approximately 1,400 people will be able to move into new engineering roles.”
Does that mean half of those managers will become engineers?
If I were a betting person, I'd bet that's the number of engineers who were previously forced to become managers in order to get a promotion.
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#9> 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 signal that the finance people are becoming more important to the company, but not necessarily a bad thing; it's effectively a more (tax) efficient form of dividends, which isn't very controversial.
ASML is a fairly old company (40+ years), and they have been doing share buybacks since 2006: https://www.asml.com/en/investors/why-invest-in-asml/share-b...
Re: ASML staffing changes could result in a net reduction of around 1700 positions
#10ASML understands what most big companies don't.
If you don't reach your targets it's not the engineers fault.
It's bad management ;)