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Good Pay, Poor Senior Management Strategy

Engineering Manager
Current Employee
Has worked at Applied Materials for 20 years
October 4, 2012
3.0
Doesn't RecommendNeutral OutlookDoesn't Approve of CEO
Pros

Good pay and benefits.

Lots of cash to get things done when needed.

Great people at the working level.

People work together well.

Cons

Losing market share even though they claim they are gaining.

Their only strategy is to cut costs and people every quarter.

No real long-term strategy, just quarter-to-quarter financial results.

Constant, disruptive reorgs that set progress back.

Constant outsourcing of jobs, yet they claim employees are their greatest assets.

Advice to Management

Great, a real long-term strategy like Apple does. Constant focus on cutting costs is killing the company, and the stock price shows it.

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