Rocky Acquisition... Demotivated workers puts retention at high risk!
Pros
As a company shareholder, Microchip seems to be doing the right thing by delivering financial statements and profitable quarter with integrity. This company seems like a place to work and have a decent life standard, Great for stable work-life balance. Executives are generally modest and transparent, compared to most companies. Microchip seems to think/plan a lot before making big decisions, rather than react prematurely on a quarterly basis. Bonus programs are spread more evenly than most companies, it seems to believe on equal share rather than paying to a very few.
Cons
Microchip recently acquired the former PMC/Microsemi group. To date, they don't seem to understand and realize what it takes to succeed in this business. Very worried of the outcome. The larger Microchip doesn't feel like an engineering company, but rather a factory with labourers. Perhaps this is representative of the demographics of this company... Microchip strategy seems to hire the mediocre engineers and train them to fit the company's profitability model. May work for some business, but this might not help or work for high-end markets. On the surface, the corporate communication and execution seems efficient, but on the receiving side it has been very poor, causing internal stress and confusion to those who are being acquired. This company doesn't seem to value much the very ambitious and career-oriented employees, but rather those who fit the average and move along at Microchip's pace. The compensation program is not competitive, hence getting top talent and good quality engineers may be a challenge in some places.