does not honor severance package benefit after merger - werkgeversreview Anonieme werknemer bij Microchip Technology

1,0
5 apr 2016
Anonieme werknemer
Aanbevelen
Goedkeuring directeur
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Pluspunten

Microchip just got merged with Atmel. Completely disregarded severance benefit letters distributed to Atmel US employees. Employees are being laid off and not getting the packages that were promised to them based on the letters.

Minpunten

Not honoring severance agreement. Worst 401K plan ever.

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5,0
6 apr 2026
Aanbevelen
Goedkeuring directeur
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Pluspunten

Good management, good development opportunities, great culture, great team

Minpunten

Low raw compensation, have to live in AZ + work in office

2,0
28 apr 2026
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

There are a handful of people here who are fantastic to work with, are very knowledgeable, and care about the product that's going out the door.

Minpunten

Leadership is fundamentally out of touch and appears indifferent to employee well-being. The culture is marred by nepotism and a lack of accountability, where 'guiding values' are preached but never practiced. Feedback is discouraged, and those who speak up are often targeted. Expect a 'reward' of more work for the same pay, as promotions are rare and promised bonuses are frequently withheld despite strong site performance. A very frustrating and toxic environment for those who value merit and transparency.

3
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