Comment by zhouzhao
10 hours ago
ASML understands what most big companies don't.
If you don't reach your targets it's not the engineers fault.
It's bad management ;)
10 hours ago
ASML understands what most big companies don't.
If you don't reach your targets it's not the engineers fault.
It's bad management ;)
ASML just set revenue records and its stock is surging due to the Q4 results
Fortunately, one can supply LinkedIn grade insights that fit any facts. For instance, try this one:
ASML understands what most big companies don’t: if you hit all your targets you weren’t setting yourself tough enough targets.
There we go.
Which is mostly the result of clever engineers that produced a machine no other company in the world can assemble, but that is absolutely crucial to businesses valued at double-digit trillions of dollars.
You don't really need an army of sales managers to sell such a product. Going lean on management and more heavy on engineering is therefore a good idea if you want to keep the lead you have.
No, but ASML's product is so complicated that they do need a lot more than just engineers - they have 5000 suppliers apparently, coordinating that takes a lot more than clever engineers.
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This is entirely unrelated to ASML, but:
This reminds me of a company I worked for recently, that, at the yearly meeting talking about the financial situation were all depressed as if we were broke since the profit (and revenue) was slightly less than last year, which was significantly higher than any other year in history with the year prior also being a record. This was essentially when the interest rates jumped after covid and businesses had to adapt so I'm sure it would have been another record if the economy in general wasn't doing worse that year.
Of course, they want to keep people from asking for raises and bonuses, but I found it very weird to see them act worried with the profit/revenue graphs at a crazy peak still.
Engineers can definitely contribute to the problem too, in my experience.