https://www-benzinga-com.cdn.ampproject.org/v/s/www.benzinga.com/amp/content/32857368?amp_js_v=0.1#webview=1&cap=swipe

Here we go again. Managers have been told to start looking at the books for anticipated head count reduction. I heard this directly from the source. Tired of it

Word down the grapevine is that more cost cuts need to be made to make up for energy consumption and there are too many technicians and engineers that only perform 1 task at the Malta site. This is not aligning with their new McKinsey High... — read more 

To all my homies on C-shift on this beautiful Saturday morning. Enjoy the next 10 hrs .. 😂 TC and I, are taking his brand new boat out and then going for steaks. His treat of course, with the recent windfall of cash from his stock cash out. I’ll talk... — read more 

Today was the best day I’ve had in a long while since I started with Globalfoundries over 5 years ago! Happy to announce I gave notice of my resignation. I had been actively job hunting since the last round of layoffs and received 2 offers. 1... — read more 

But not for American workers. France baby!! There is no significant investment in US operations. Only divestment! Thanks TC!!... — read more 

I hear that GF crossed the line and joined social justice warriors by insulting and shaming 99% of employees. In writing the company has told workers to stop using husband or wife along with a list of other shameful words. Not going over very well... — read more 

GF hit another low with recent departure of remaining competent leaders. Now all left starting GM to first level managers are junks, racists, bunch of jokes who never delivered even a small project in life. Amazes me why Mubadala not selling such an... — read more 

Hearing another layoff coming.

Lots of rumors that Niels Anderskouv was brought in to be the next CEO and replace TC as CEO. In addition, rumors floating around Reeder wanted to be CEO but was not given the position instead Anderskouv was and thus Reeder decided to leave. So... — read more 

Tune into the all hands this next week. We just finished the manager one and it maynot be layoff worthy but it is certainly indication of an exodus.

GF wastes so much money on projects like IT project Phoenix and development project Falcon, millions get put into these projects and nothing ever comes out for a return. Then the sponsoring execs like Reeder leave and the project gets cancelled... — read more 

So it’s been 5 months since I was laid off from GF after 11 years of service. I browse this forum from time to time, just out of curiosity. What is most striking, is that nothing has changed since the layoff for those people that remain. Same... — read more 

Rumor has it, there’s a civil lawsuit in Saratoga County involving a former GF manager, against a former Gf Director. Segsual Harassment and wrongful termination. Jury recently paneled..

TC dumped another $3M+ in stock options/RSUs recently, wonder if he is following Reeder and, on his way out soon?? https://www.theglobeandmail.com/investing/markets/stocks/GFS-Q/insiders/

Announcement: It is my 5th month away from GF. The sun is shining. I miss you, Daddy.

I know I shouldn't have any high hopes, but I would like to see improvements here. After all, I have worked in this company for too long and it used to be really nice to work here. I am thinking about what would be the best ways to improve this... — read more 

I don't know anyone who is happy working from office. Maybe GF wants us to start leaving in increasing numbers?

I felt like being in a cemetery today when walking through the office today. No positivity, no energy , no enthusiasm.. seems like no life left. I am planning to give two week notice and not sure that is giving me even more passive view. I saw one... — read more 

I was in NY when the company went public. TC talked to us and he was so condescending and rude. Then, after being completely rude, I had to take a picture with him while he stood on a box. I’m 6’2” and he had someone bring a box for him to stand next... — read more 

Hope this helps clean up dead woods and junks sitting all over management roles in GF.

Dresden Union leaders asks TC the hard questions… inflation and no raises… Bravo! Unionize! It’s the only way for them to listen. It was so sensitive, that TC answered the question off camera. Thought we answered questions truthfully and... — read more 

Wanted to share my story. I left GF recently after surviving multiple layoffs. I witnessed downfall of GF from Global payer with vision to be one of top foundries to third grade struggling local foundry with no vision, no roadmap and no edge. I... — read more 

And there will likely be even less innovation in the future?

It seems that GF has decided that they won't be replacing our colleagues who left. It's been almost a year already. Isn't that extremely frustrating? Those who make decisions here probably expect that the remaining people will accept additional... — read more 

https://fordauthority.com/2023/05/former-ford-cfo-tim-stone-heads-to-globalfoundries/amp/

I wonder how many people had no idea what Tom meant when the distinguished gentleman from Burlington stood up for Q/A. Does Tom not know that they cut YellowJacket out from the video release last time? Also, did they keep the Dresden question in or... — read more 

Am I supposed to clap along while watching the globalcast recording? Or is that reserved for live audience only?

It was like a joke...

28% for GF vs >50% for the top foundries. Survival will be always at stake for any foundry like GF if there is no cutting edge tech to bring premium . Cost of doing business with mature technology has already proven to fail based on so many examples... — read more 

And finally the rabbit is out of the hole. Reeder is leaving. No wonder he got rid of all the stock back in February because he knew the earnings were going to drop the stock is going to fall. It was a fantastic gig making 16 odd million in five... — read more 

How is Ken McAvey and the fab 9 team doing? Burlington was a pretty old facility, what’s the future of 200 mm?

There was some talk a few weeks ago about another round of cuts in May, has there been anything new about it since then? We are well into May and it would be good to know if I am stressing over something that is not going to happen. I can do without... — read more 

Peter B was brought to get GF Malta back on road and it did improve the longevity of GF which was going to close. With Peter departing and now new incompetent and failed person taking over his role, GF has clearly no future. I doubt it will survive... — read more 

https://www.techpowerup.com/308219/globalfoundries-announces-new-general-manager-to-lead-malta-manufacturing-site

https://anysilicon.com/globalfoundries-downsizing-germany/ This was posted in another thread. Just sharing.

I don't remember that they ever made even the smallest attempt to fix some of the things that people were brutally honest about in the surveys. What then is their purpose? Most of us think that GF doesn't want to hear the truth, so why waste... — read more 

If you are a night shift worker not interested in this new "high performance culture" that upper management is pushing that makes the workers take over jobs and tasks created by the end of the year 2023 layoffs without any monetary compensation. If... — read more