A Reddit Refugee. Zero ragrets.

Engineer, permanent pirate, lover of all things mechanical and on wheels

moved here from lemmy.one because there are no active admins on that instance.

  • 4 Posts
  • 21 Comments
Joined 2 years ago
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Cake day: December 22nd, 2023

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  • So why employ the extremely expensive staff that do those steps for years when they have nothing to do and you just burn money for now output?

    Because in an industry as specialized as semiconductors, most of those “expensive staff” are people with 12 to 25 years of industry experience and company specific institutional knowledge.

    Once they’re gone, it’s impossible to replace that knowledge. New hires will never know the same details and tricks, and the old staff are unlikely to come back after being screwed (except for insanely high compensation.) In specialized industries you have to retain the knowledge base through thin times to have any hope of being successful in thick times.

    Its a shortsighted move by bean counters looking to make it to the next quarter so they can merge or sell off, and nothing more.