ASML Holding (NASDAQ:ASML) has experienced a period of controversy, with the timing of layoffs coinciding with its blockbuster results. The company, which builds the world's most advanced chips, has announced a reorganization to remove layers of coordination and refocus the company on engineering and execution. However, many roles will disappear, particularly at the leadership level, while new engineering positions are created elsewhere. The reorganization has been met with resistance from trade unions, who argue that the pace is unrealistic and should be mapped out before cuts are finalised. The decision to expand in Eindhoven has also raised concerns about housing, infrastructure strain, and rising costs.