FormFactor - Business is dying a slow death. Just burning cash. | Glassdoor
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There are newer employer reviews for FormFactor

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Helpful (1)

"Business is dying a slow death. Just burning cash."

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Senior Financial Analyst in Livermore, CA
Former Employee - Senior Financial Analyst in Livermore, CA
Doesn't Recommend
Negative Outlook
No opinion of CEO

I worked at FormFactor full-time (More than a year)

Pros

Great location for those living out in East Bay/Tri-Valley, nice area. Lots of good people but most have already left.

Cons

The company is permanently in downsizing mode. Management needs to realize they can't create demand for something that the industry doesn't need. It had a great run but needs to re-size the business, change strategy, go private. The recession really killed this place. Doing more with less. Everyone wears many hats

Advice to Management

Take the company private.

Other Employee Reviews for FormFactor

  1. "Company may not be in business much longer. Just OK."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Livermore, CA
    Former Employee - Anonymous Employee in Livermore, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at FormFactor full-time (More than 8 years)

    Pros

    One of the few high tech companies in the East Bay. Decent pay and benefits, however these are slowly being taken away due to the company not being profitable. Still some very good folks working there.

    Cons

    Poor management - they do not value long term employees and the skills they bring. Company has not been profitable for several years and it is an impact on company morale. There have been about 7 or 8 layoff's in the past 5 years. Jobs are not very secure as the company is always restructuring. Overtime is only paid after 10 hours for manufacturing personnel. Very poor engineering support of the manufacturing line.

    Advice to Management

    Too many senior level managers. Layoff's always affect manufacturing and engineering. It would be better to keep the more senior manufacturing people than to bring in new folks and layoff the ones who have helped to build the company.


  2. "Company is not making profit"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Principal Engineer in Livermore, CA
    Current Employee - Senior Principal Engineer in Livermore, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at FormFactor full-time (More than a year)

    Pros

    Managers are good, busy most of the time

    Cons

    Company does not know how to make profit, low salary for post 2009 hires, <5K bonus even on offer letter they say 17%, no RSU, stocks are stagnant in past 2 years

    Advice to Management

    know how to make profit and how to treat the cream engineers in the company

There are newer employer reviews for FormFactor
There are newer employer reviews for FormFactor

See Most Recent

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