Veeco Instruments reviews about "senior management"

Worst workplace I have ever worked for. This company is full of greedy, arrogant VPs who are continuously lying to senior management regarding market share, product performance, competitive scenario, customer feedback etc. just to keep their job safe. Huge investments and failures with ALD (Freemont Acquisition), Power Electronics, PSP (Horsham Acquisition) are clear example of that clueless-ness of Senior Management and deceitful nature of VPs/ GMs. Candidates should think 1,000 times before joining this wannabe Semiconductor company in East Coast. In the beginning, It may offer good salary to grab talents from Silicon Valley but then employees get stuck with incompetent management, zero bonus, constant fear of lay offs and negative morale. 3 big lay offs in last 6 months, 30+ resignations in last 3 months and multiple rejected offers are clear example of the ugly situation at Veeco. Read all the reviews on Glassdoor (except fake ones), talk to past employees before joining this company and if you have already joined this deathbed then try to run as fast as you can and as quickly as you can !

Veeco is disfunction personified. Senior management are liars, unfair and genuinely don't care about people. A few career-minded individuals rise to the top for no clear reason other than their ability to schmooze and tell stories. 7 layoffs in 4 years; 4 GMs in 4 years; 5 HR director in 5 years, the list goes on and on. MOCVD business unit has over 300 employees in early 2012 and now it's down to ~120 people or so (and it keeps shrinking). Hires rejects from other bigger capital equipment companies to be the 25th senior directors or vice presidents in the hope to revitalize its business. The only way to save Veeco is by firing its CEO and President who perpetrate a culture of fear, distrust and extreme politics among its employees. More and more resorting to 'financialization' of its business instead of investing in things that matter, such as RnD and innovation.

4 layoffs in 16 months Business is highly fluctuative Senior management constantly in flux

too many to list. Poor management, no leadership and visions. Multiple M&A failures with hundreds of millions dollars loss yet senior management takes no responsibility, instead to have multiple layoff of employees. Lot of politics among senior management. Nepotism. No career path.

It's not Silicon Valley, but is that a con? It's the semiconductor industry but I presume those looking at Veeco already know about the nature of capital equipment and semiconductors! The management is doing a better-than-above-average job of building businesses that help to weather the segments that are cyclical. 401K and Health Benes are better than average.