TimWhatley
2.4K posts

TimWhatley
@ReadySetBrian
Investigating the Substrate. Ancora Imparo, ✝️

I live in Eindhoven, ASML town. Heard this from folks inside... Over the years ASML promoted a lot of strong EUV people into architect roles, group leads, management tracks. Built up serious layers. Classic growth pain. Then McKinsey comes in , says cut the management layers to speed things up. So now those same high performers, real good EUV experts, who got promoted are the ones on the block. About 3400 roles targeted, mostly management. Half will be reassigned, rest gone. Big hit in Veldhoven/Eindhoven area (~1400), some in US. Unncertainty is high, unions talking, details probably land around April. At the same time, ASML is still planning massive growth. The new campus near the airport just got final green light from city council. Construction starts soon, phased build-out. Long term they talk ~20,000 new jobs in the region (first wave ~5k by 2028). And the layoff packages are subpar. Philips is also based in the same town. And they had layoffs due to serious financial issues last year. Their layoff packages were much better than what ASML is offering. What a way to kill tje company culture. Especially at a time when the company is printing money.










Greys are terrified of cats btw.















every time I see Peter Thiel quoted he sounds dumb as a rock


Meanwhile in the @opencup, an 8th grader scored a goal.






Physicists: "The greatest issue of our time is that physics is fundamentally incomplete, that we have no firm footing from which to explain our best theories" Also Physicists: "That's completely impossible, the laws of physics forbid it."





