Microchip Technology reviews

CEO seems like a pathological liar. He even tells you in private not to listen to what he says in public. The company touts "Customers are our focus", but the CEO in private tells you "Customers can kiss my a__". Target company employees' salaries are slashed after a acquisition. They tell you ahead of time that they will give your employees plenty of notice. Reality is that VPs and Directors are pushed to cut and cut deep, so notice and severance pay are slim. Oh, and the VPs and Directors are almost all Microchip veterans, don't expect to keep your title after the dust settles. The company spends very little on R&D internally, so they need to acquire to grow. They show an 8% internal CAGR for revenue, and a 17% CAGR with the acquisitions, but I have to believe that most of the 8% comes from projects that are in process at the time of the acquisition. If you hear a story that sounds to ugly to be true, it probably is really true.

Worst 401k package ever and does not honor severance package which is promised by previous executive. Microchip will also try to reduce your salary after the acquisition