No Layoffs (only paycuts) - Principle Engineer Microchip Technology Employee Review

Good culture and work environment

Team runs lean with low staffing

The coworkers are great people and pleasant to be around. Microchips biggest strength is it does an amazing job hiring pleasant people. Work life balance can be great but differs greatly between teams/departments. Some of the managers are amazing leaders and want you to succeed.

CHEAP! So cheap. Get you to go above and beyond for years while teasing a promotion and then they never deliver. Give other people raises first because they’ve been employed there longer or are on higher visibility projects. Get screwed by politics. Save your time and work for a different company because an offer here will be a dead end. Plus Microchip pay is the worst in the industry. The running joke from within the company is when Steve Sanghi the CEO opens his wallet there are spiderwebs and moths fly out. How sad is that. If you work here long term getting underpaid for decades you will miss out on building so much wealth. Oh and don’t even look up Steve Sanghis compensation package because it will just make you mad when getting turned down for a promotion yet again because it’s not in the budget. Stopped giving yearly raises during the worst inflation period. There was a big wave of promotions for VPs/C suite while my base salary is exactly the same as it was 3 years ago.