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ag平台客户端游戏大厅April 2nd, 2020

Taking care of our People and our Communities

By Matt Murphyag平台客户端游戏大厅, President and Chief Executive Officer, Marvell

The world as we knew it just a few months ago may never be quite the same again. This pandemic has created an extraordinary crisis that will test our systems and our values alike. It also reminds us of what we hold most dear – our personal connections with other people. As billions of us shelter in our homes around the clock – working, exercising, educating, and sharing the same space – it is an opportunity to appreciate quality time with our immediate family. But we are also missing our connections with loved ones who aren’t under the same roof, and worry about the health and safety of our more vulnerable relatives. We miss seeing our colleagues at work – not on a computer screen, but in hallways and over lunch. And we miss seeing friends in our communities, enjoying a meal at our favorite restaurant, shopping at the farmers market, and hiking in our now shuttered parks.

So, as the world confronts this pandemic, my thoughts turn to our people – protecting and supporting our employees, their families, and the neighborhoods in which we live and work. The toll this pandemic is inflicting on our communities is enormous and disproportionate in its impact on low-income and hourly-wage workers who are finding it hard or impossible to an earn income as workplaces are closed and workers furloughed.

In the face of this unfolding crisis, it is incumbent on businesses to come together with public and civic organizations to help those most in need. Today, we announced what Marvell is doing:

  • Supporting our hourly workers: We are continuing to pay our hourly workers in full, as well as the service providers that support our facilities, regardless of whether they can fully perform their duties.
  • Supporting our communities: We have created a $1.5 million Community Relief Fund to support those most impacted in the communities where the company has a significant presence. As a part of this fund, Marvell will match 100% of employee donations to selected COVID-19 relief funds up to $2,500 per employee.
  • Silicon Valley Strong: We are making an initial $250,000 donation from the Community Relief Fund to Silicon Valley Strong in conjunction with the Silicon Valley Community Foundation to support Santa Clara County’s Homelessness Prevention System by providing financial assistance to low income residents who have lost income as a result of COVID-19.
  • Second Harvest of Silicon Valley:  In addition to the Community Relief Fund, as long as the cafeteria at our headquarters in Santa Clara remains closed, Marvell will donate its entire grocery budget, $250,000 per month, to Second Harvest of Silicon Valley. Second Harvest is one of the nation’s largest food banks and is focused on ensuring everyone in the community who needs a healthy meal can get one.
  • Supporting small businesses: Many of our smaller vendors who already operate on thin margins may struggle during this time, and we will be flexible to accelerate payments to them to aid with cash flow issues during this crisis.

Inevitably, times of crisis test us all. In today’s almost surreal environment of dislocation and uncertainty, I have never been prouder of our team, our perseverance as a company, and our commitment to helping others. We are in the fortunate position of being able to support our people, and give back to our communities, at a time when it really counts. I know that together we will overcome this pandemic to build a better future for everyone.

ag平台客户端游戏大厅Thank you and stay healthy.

Matt

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