Marvell distributed job offers to the Arizona employees today. In my mask design group of 25, two did not get offers. They were told there were not quite enough positions at Marvell, but I wonder if past performance had something to do with it.
I was quite satisfied with my offer, and we had an overview of their benefits this afternoon. Their stock program is better than Intel’s, but retirement program not as good. The medical plan is comparable. The remaining 3 questions are these: location? location? location? That is unknown; they are still negotiating regarding several sites.
There have been questions over the pronunciation of Marvell’s name: is it MAR-vuhl or mar-VELL? Well, the HR VP said it is mar-VELL and she explained how they came up with the name. It stands for marvelous, and has a silicon valley sound, like Intel or Dell. At that point, someone spoke up and said they could drop the “e” if they wanted. That got a big laugh in the room.
I’m feeling pretty good about my future. It’ll be different, but the potential looks bright. Marvell’s stock has done extremely well over the years, and lots more of my compensation will now be distributed in stock options and RSUs, so if history is any indication, I may be able to retire by the time I’m in a wheelchair. I hope the Intel group they have acquired will do as well as their current crop of employees, and we can make them even more successful and profitable.
This sounds pretty good, Donna. Leaving a company that has been stagnating for years, for a company that is small but growing could be a very good move.
You may seem to lose some of the security of a large company that’s not likely to go under, but what’s that worth right now, anyway, with layoffs, etc?
A lot of the people at Intel are working under the cloud of more potential layoffs, while you know that at least you are going to have a job for a while.
Sounds like a great opportunity for a new beginning. Good luck to you!
Hi Donna,
Sorry to butt in on your blog, but I found it via Google, and, I’m one of those in the same boat as you.
I’ve gone through the whole range of feelings all of us have, regarding this. It’s exciting and very scary at the same time.
The following article is being passed around my workgroup right now, and I thought I’d pass it along to you. It’s…interesting.
http://www.forbes.com/free_forbes/2006/0814/058.html
Marie, I just saw that article today also. It was passed around my group as well. Yes … interesting.
Wow! After reading that article you must have a lot of reservations about Marvel. You already work a lot of OT – wonder what’s in store?