Why layoff employees during COVID
Why layoff employees during COVID
Lots of companies are playing the game of making employees work 24/7 and then laying them off once the work is done. USA needs to have better labor laws.
Nearly 1/3 of the Memory Design/Compiler group formerly from Avera got laid off. A huge loss of talent for Marvell. And that after working so much overtime for the last 4+ months.
Pretty much entire hardware team of Aquantia has been impacted after we worked very long hours and weekends for the last 6 months to do two tapeouts. What makes it worse is that many people from Aquantia could have helped Marvell improve their processes and flows as the differential was very clear in the many forums and comparative analyses. The rubbing on the wound is the well-known fact that many engineers are in fact needed to execute the upcoming projects and there was a clear message from the top that expansion will happen in Singapore very soon instead of using the talent that came in through the acquisition. No matter how much Marvell tries to change its image on top, Chinese loyalty runs deep in middle management. Very abrupt and unfair end to Aquantia team!
How many? Which location? Please post.
I agree with the previous post. The Aquantia acquisition created a redundancy in ethernet PHY. We knew there were going to be layoffs and power grab, but didn't know which side would be affected.
This was just round 1 and I anticipate another round before the end of this year because there are overlaps that still remain.
the CEO said no layoffs specifically related to the virus.
these layoffs are due to all the companies marvell has acquired in the past couple years and all the redundancies that arose.
Across the board. Seen strategies shift and great engineers not given a chance in other orgs. The board and top mgmt convey messages contradictory to actions.
Hearing about SPBU impacts in Asia... Some smoke... Any fire?
Pandemic or no pandemic, current management at Marvell consistently uses layoffs as a tool to bump up its financials. Management from the Sehat days is long gone. This is the management group brought in by Starboard Value and their priority has always been to exercise Rule #1 of the activist investor playbook - reduce operating expenses.
Damn it. As a new grad, I was really naive and I really believed the CEO and what all the execs had to say. Now I understand how it works. They simply paint a rosy picture to keep our morale high so that it doesn't affect work.
Might not be huge for Marvell, but the number here in Vermont US was significant to highly skilled foundational IP Circuit Design, Physical design, and Functional Test employees. I hope they will be able to find a better employer to work for in the near future. Good Luck guys!!!
Not huge; it’s a drop in the bucket for Marvell.
Just saw an email detailing which sites got impacted, mainly affecting the Aquantia group.
Digital Design and Layout in Bangalore and Toronto
Production Level PCB and duplicate management roles in HQ
This would explain why Faraj left a couple months ago and as a Marvell guy, that is a huge loss because he is strong in sales and technical. The legacy management from the Sehat era are absolutely incompetent and need to go!
The CEO thought it would be just a matter of few months and made a promise but now it has been close to 2 quarters since the pandemic and no way out of it anytime soon. You shouldn’t believe whatever execs say. They are all white lies.
Unfortunately the layoffs are real and in this round mostly ex-Aquantia employees are affected.
really? and huge?. CEO said no layoffs.