We’re sorry we can’t afford to pay you anymore. Also GF: Let’s buy remaining 800 acres in Luther Forest for $13M

If I could give a piece of advice now that I'm leaving feeling like I just wasted a few years here, it would definitely be to not expect too much from GF. Those who expect a great career, maybe it's better to start sending resumes to other... — read more 

Appears that our new procurement and HR leaders are making quick work, laying off many. Their end dates are this week. Don’t believe me, see who is not here next week. Many band 11 & 10’s, which are public now, many of the individual... — read more 

Revenue projections are down, another week, another lawsuit to take the attention off poor financials .... Who is next on the lawsuit list?? :-)

I refuse to believe that the leadership will take GF to the rock bottom with their actions, although it seems as if the future of this company is exactly like that. Does anyone else believe that there is still a way to save GF and that things will... — read more 

https://www.nasdaq.com/press-release/globalfoundries-engineer-receives-$50000-award-for-groundbreaking-technology-advances

Another wasted Saturday in Malta AME while Engineering and Management enjoy their weekend. Instead here we are stuck in a continuous 12hr on 12 off loop of misery. It’s such a joke that even management and engineering isn’t required to be on site on... — read more 

There are some rumors about layoffs, however, many people are leaving on their own. Even those who may not have intended to leave any time soon, they are being forced to do so because they are increasingly overwhelmed. I really don't know how much... — read more 

Appears GF is queuing up another distraction right before Q1 earnings release 🤣🤣 iBM will bury them legally... — read more 

Been at GF 7 1/2 grueling years, and never have I seen so many outsiders helping new/lost leaders make decisions for those of us that actually do the job? Why so many partners, this feels a lot like Mckensey Round 2. Not to mention, having a neck... — read more 

I heard the Dresden layoff (if you want to call it that) is happening in April but also heard there is another global layoff coming in May where they are targeting getting rid of more fab site folks and accelerating ramping up in low-cost geos like... — read more 

Malta Litho getting together for a “quick update and Q&A” next week, any other modules get this ominous invite?

So many bad reviews on Glassdoor for GF. Does anyone actually enjoy working here at GF or does everyone really want to leave?

I'm seeing and hearing many people leaving GF. Each year we see attrition spike higher after AIP bonus but this year it seems higher than most others, what are others seeing for attrition in their areas?

Severance and Cobra lump sums were paid today. Free at last, thank god almighty, free at last.

Anyone have any info on the voluntary separation package and whether it will be offered in 2Q 2023 or not?

Anyone have any news on the Dresden layoff? Happening? If so when? How many?

Globalfoundries had the potential to be a 2nd tier semiconductor company. For a moment it looked like it was going to be 3rd tier company, but it drove itself to be securely into a 4th tier slot by its own bad choices and ineptitude. It easy to... — read more 

There are many managers with inflated egos but there are very few really good managers here now. Why do good managers leave GF very quickly while incompetent ones stay here for a very long time?

Have you good folks received your severance package yet?

Jon market is still strong and lot of openings around in ibm, Samsung, Intel and TSMC. We should not blame anyone but remaining employees in GF if they do not jump the ship and wait for next to be laid off. With recent failures to secure the... — read more 

‘‘Twas the night before severance and all through the state Not a single sh--e was given, about GF’s doomed fate. Those laid off, soon to be fed While visions of direct deposits danced in their head. Many of them already reemployed, double dipping on... — read more 

Laid-off workers are calling out their former employers on social media–and the death of non-disparagement clauses could make it the norm

With the recent cost reductions and corners being cut, makes you wonder. Be safe people! https://www.timesunion.com/business/article/osha-investigating-employee-injury-globalfoundries-17854090.php

Still unclear if severance payments let's you qualify for unemployment claim this week. Thanks.

FYI. Spoke with Prudential/Empower regarding withdrawal/rollover of 401k account. Was told they haven’t yet received notification from GF of my termination date. No transactions until GF does this. They also told me it typically takes GF 4-6 weeks to... — read more 

People should understand with 15-20% attrition rates the average person will spend 5-6 years max with GF and then move onward. There is no career at GF just a bunch of washed-up senior leaders trying to keep their jobs as they continue to run the... — read more 

Our severance documents indicate that our 2021 RSUs (3 yr vest) will have accelerated vesting that occurs on our termination date of March 17th for 2nd of the 3 distributions. Our Feb/Mar 2024 RSUs were supposed to vest and they have not. Time to... — read more 

Let's be honest GF bought an RF business from IBM which accounts for nearly 40% or more of revenue and is on the decline because we continue to starve it. We pivot out of leading edge which anyone can easily decide to do. Then the industry booms and... — read more 

Senior knowledgeable are quitting and have quit (some lay off/d-mb). Hopefully people get fired for today's events.

Being that it’s the eve of my official separation from GF tomorrow I wanted to say thanks to this website and the people that contribute meaningful information and opinions. I worked for GF for 7 years. I’ve been in the industry a total of 25+ years... — read more 

Tommy boy loves the spotlight and he has been very quiet lately. Certainly most all employees don’t trust him. His chief minion Davie boy is off cashing in all his stock options and RSUs. I’m think one or both of them will be exiting in near future... — read more 

Did I interpret things correctly that there is a voluntary separation package coming in 2Q 2023 where people can sign up for it? I wonder if the package is similar to typical layoff or not nearly as good. Does anyone know details is it only for... — read more 

GF will follow footsteps similar to its sinking partner GM as both are heading south. Did you hear? GF is planning to bring voluntary separation program in Q2 similar to GM below. GM employees are 'strongly encouraged' to consider its voluntary... — read more 

GF poem in ChatGPT- He-l with full of failed, racist, toxic and horrible managers Full of a-s lickers and boot lickers in management Just be good politician to keep climbing Not a place for talent and hard workers If you are failure and not able... — read more 

Happy double dipping day! Beluga pay day!! 2 more weeks and we get the Mega check… Yes, I’m a loser for getting laid off, but if losing pays this much, I don’t mind.

Whose idea was it to make that post on GFCurrent?

Does anyone believe for a second that hiring almost 200 heads in SE Asia to support sustaining tasks at the fabs isn’t done with the intention to demolish onsite process engineering teams? Can’t wait until layer owners are all on Bengaluru time. I... — read more 

Anyone have a confirmation on the Severance & Cobra payout date? I’m guessing March 24th? Assuming most of us are on the payroll until the 15th, and the final paydate is the 24th. Looked at the paperwork but it doesn’t say a specific date. Thanks in... — read more 

If we compare UMC and GF, UMC is a $10B/year revenue company making 45% gross margins in 2022, whereas GF is a $8B/year revenue company with 29% gross margins (with the sale of E.Fishkill fab10). However, the real issue is if you look at the market... — read more