Plans to lay off 4500, yet spend they plan on spending 100 billion on a plant that they hope to create 9000 jobs? Math doesn’t add up here, why not try transplanting those people there? Retrain or use people with the required skill set already on staff. People work harder for companies that invest in employees, not chuck them away.

Because it takes time to build the plant.

Typical corporations taking government handouts (CHIPS Act) while laying off employees to maximize bottom line

The semis downturn already happened, and most companies believe we're headed for a (deeper) recession next year. They can get thru the hard months/years ahead on a skeleton crew, and they'll have plenty of time to hire and train new workers after the new fab is ready.

...except, that's not at all what's happening here. Did you listen to their last conference call or read their 10-k? The semiconductor market is cyclical, and memory manufacturing is among the most cyclical of it. By all accounts, the down cycle is well underway, and the larger macro economics aren't helping things turn back up. Further, the CHIPS Act is about bringing back manufacturing, which it is doing quite well, even if some companies need to do layoffs in the short term. After the fabs are done, and semis get back on an up cycle, those jobs and many more will come back, too.

It's also normal for Micron in particular. They're a bit of a joke around here, one of the best employers but only if you plan to be laid off every couple of years.

A couple years. Ramping talent that ALREADY knows your organization. Ask the production people what that costs is priceless.

Or you know more stock buybacks & executive incentives.

Yea 4,500 people making say $40-50k is $200-225M.

Multiply that by “a couple years” and you have 1% or more of the total project cost, which is significant.

They’re also not just creating 9k jobs, that’s only Micron internal, they estimate ~50,000 jobs when you account for the entire supply chain.

No one’s praising them for that, huh? But we’re quick to ding them for letting go 4,500 people.

Also 4,500 number includes voluntary attraction (people that quit and they just don’t replace them).

Also also, the factory will be in a different location. You expect them to just load people up on a bus?

Lastly, the entire industry is facing challenges including Intel and QuailComm. Let’s stop demonizing corporations for everything they do.

What are they supposed to do? Hire people and when the economy slows just keep them on payroll? That’s not how life works.

Disclaimer: I’m not arguing for or against, just laying out the facts of the matter. If it were a utopian society, sure keep everyone on a good salary with or without work, but that’s not how it works (at least for now unfortunately).