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ISP_SERF t1_j221x93 wrote

Plans to lay off 4500, yet spend they plan on spending 100 billion on a plant that they hope to create 9000 jobs? Math doesn’t add up here, why not try transplanting those people there? Retrain or use people with the required skill set already on staff. People work harder for companies that invest in employees, not chuck them away.

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simple_mech t1_j22euz2 wrote

Because it takes time to build the plant.

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yoortyyo t1_j23r97k wrote

A couple years. Ramping talent that ALREADY knows your organization. Ask the production people what that costs is priceless.

Or you know more stock buybacks & executive incentives.

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simple_mech t1_j24331n wrote

Yea 4,500 people making say $40-50k is $200-225M.

Multiply that by “a couple years” and you have 1% or more of the total project cost, which is significant.

They’re also not just creating 9k jobs, that’s only Micron internal, they estimate ~50,000 jobs when you account for the entire supply chain.

No one’s praising them for that, huh? But we’re quick to ding them for letting go 4,500 people.

Also 4,500 number includes voluntary attraction (people that quit and they just don’t replace them).

Also also, the factory will be in a different location. You expect them to just load people up on a bus?

Lastly, the entire industry is facing challenges including Intel and QuailComm. Let’s stop demonizing corporations for everything they do.

What are they supposed to do? Hire people and when the economy slows just keep them on payroll? That’s not how life works.

Disclaimer: I’m not arguing for or against, just laying out the facts of the matter. If it were a utopian society, sure keep everyone on a good salary with or without work, but that’s not how it works (at least for now unfortunately).

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gizamo t1_j22tx6p wrote

The semis downturn already happened, and most companies believe we're headed for a (deeper) recession next year. They can get thru the hard months/years ahead on a skeleton crew, and they'll have plenty of time to hire and train new workers after the new fab is ready.

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