Military / hierarchical structure, can be interesting work and good compensation but very cyclical business
SENIOR STAFF FINANCIAL ANALYST III (Former Employee) – Fremont, CA – March 18, 2015
Lam is in the very cyclical semiconductor, capital equipment industry, that means every few years they will be hiring a lot of people and then a few years after that they will be firing them. You need to accept that if you take a job there. The high margins and cyclicality of the industry translates to average salary + excellent bonus, profit sharing, stock compensation potential. When times are good, the profits get shared. Their is a hierarchical, militaristic, good old boy, structure to senior management which translates to a fast moving environment for employee's. It is interesting work and you will learn, though not as much maybe as at a smaller less will established company. In the boom phase you will be working hard because you are in a boom, in the bust phase you will be working hard because a lot of people got laid off and you are understaffed.