SEMI market cycles, Executive leadership too finance heavy, old white guys in Boston making too many decisions. Management by fear. Zero based budgeting. HR policies that seem to be stuck in the 1970's
Perfect example of the culture the current executive team supports; weeks after achieving record revenue and earnings for Q417 quarter and fiscal year 2017, CFO and COO celebrate achievements by threatening to take away all business class travel. Keep in mind that current policy, for non executives, is you can fly business class AFTER the 2nd trip of greater than 8 hour flight time and only in segment that is greater than 8 hours. Meanwhile, the executives have a separate travel policy.
Other examples; frequent cost cutting that results in continued elimination of employee benefits, such as vacation accrual, regular answer to finance challenges is to reduce head count. Investing in employee development... very limited.
My experience also included having executives intervene in hiring decisions at manager level to support their individual agendas.
My opinion is that division leadership has hands tied with low factory utilization rate and unable to eliminate excess capacity. Afraid to take risk in fear of losing job.
Low morale that is still heading in a negative direction.
