https://apple.news/Akg1fm66pRT-ybzpU_S5rHQ any idea what our ELTs are doing?

I’m getting 2 checks on 2/10. One from my current job and one from GF. Thank you TC.

AIP reaching 100% seems low based on every quarter exceeding financial targets in 2022. We will soon see the full year results but what I've seen in various meetings is GF exceeded 2022 revenue and gross margin targets so why isn't AIP more than... — read more 

Here is the list of various execs that have already called it quits with GloFo: AF the now CEO of Volumez, Iri decided to call it quits and take a break, PS who decided to go to micron as a supply chain VP need to track more that have disappeared

It’s coming. The industry has just begun to downturn. All you semiconductor newbies buckle up and enjoy the ride. For those of you laid off in Dec be grateful you got laid off while the severance was good and the job market is active. Many might... — read more 

Nice. Schumer has invited a Micron Employee from Syracuse to state of the union as a guest. Micron hustling for that Chip Act money. Where Gf though?

Happy to say that I’ve accepted a new job after being laid off. I took my time and turned 2 other offers down. The non-working notice period really made the difference in not being desperate. I don’t plan on notifying Gf at this point. I still have... — read more 

NYTimes articles published today. And the owner is the same as GF. Let’s see if they find something similar with GloFo especially with the fraudster Reeder as CFO

Finally, GF employees can in NY/Vermont may soon have some options and leverage. GF not looking like it’s in the game for Chips Act funding. In fact, GF is reducing its manufacturing footprint in NY. Sold Fishkill Fab and laid off in Malta and... — read more 

For those of you impacted and not aware. I confirmed with HR this morning that we are indeed accruing vacation at the full rate during the entire 90 day working period .

Anyone else heard about another 5% cut?

I'm curious for those who have left GF or will leave GF what percentage increases are you getting (assuming similar cost of living both places)? I will be leaving in early April, I'll be working in the same location I'm at, no relocation, I'm... — read more 

Being paid for 3 months and not having to work. Collecting a big severance check after those 3 months. Collecting lump sum cash for Health benefits after those 3 months. Still being paid your AIP/QPB bonus and not having to work. .. — read more 

Right before our earnings on 14 Feb. Reeder has been disposing his stock systematically since the first week of January. He has sold 117572 shares for a total of 6.6Mil. Everything is legal here but it does raise eyebrows if our earnings are going... — read more 

Let's get real and straight talk about GF's past, present and future state. In 2021 and 2022 there was a huge shortage of semiconductors, we all know the automotive story on new cars in parking lots waiting for less than $5 chips before they could... — read more 

I am an upper-level engineer at fab8 that gets pulled into a lot of things. Something I've noticed over the past 1.5-2 years is the lack of leadership in initiatives that come up. There is really no strong presence or driver in technical meetings... — read more 

I just accepted a new job this week after being laid off from GlobalFoundries back in December! I don’t have anything bad to say about GF that hasn’t already been said here. 🤣 My experience at GF is similar to the majority of you. While it’s been... — read more 

Please feedback any new add. Top post summary - GF round 1 layoff Q4,22 Globalfoundries is where the rejects, flunkies, castaways, untouchables and outright criminals go to when they have nowhere else to go, and all doors are closed to them... — read more 

I finished another job interview last week and one of the question was - what made me stay in GF so long . I being one of level 9 employees who joined GF decade back when vision of this dying company was to become one of “the” foundries in the world... — read more 

It is well known that GF is outsourcing many jobs, hopefully the US Govt gives them NOTHING from the US Chips Bill for this. If you look at the IP design organization, they have outsourced 95% or more of their design employees to India. If you look... — read more 

With the coming 2nd round of layoffs in March, here is some useful information. Good Luck 250 or more Employees would trigger the NYS 90 day WARN Act. As of now, GF has not notified NYS, formally. You can can keep track as to If/when this happens... — read more 

Heard from grapevine that smart CEO is considering another one in Q2. Let us be prepared and leave if possible.

After being laid off, I relaxed over the holiday and began my search on January 2nd. Just shy of 3 weeks later I am once again employed! I was surprised how active the job market is in the area, especially the Albany region. If you are looking to... — read more 

Looks like somebody intentionally downvotes good info while up voting peppy junk. There are also weird personal attacks in the comments. Looks like HR found out about this forum LOL

https://www.apple.com/newsroom/2023/01/apple-unveils-macbook-pro-featuring-m2-pro-and-m2-max/

I was let go in December resource action. I’ve since been hired by another company. I’m still receiving my non-working notice paychecks from global. My question is will we still get the lump sump “cobra” payment at the end of 90 day? From what I can... — read more 

I was laid off from GF after nearly a decade of service. This happened 2 weeks before Christmas 2022. For many years I watched as my coworkers came and went. I watched as multiple CEO’s dropped the proverbial ball. I experienced the frustration and... — read more 

I think we should give minimum possible on every question this time. I bet they will still show it better than last time.

I wanted to share my experience after layoff while I am interviewing for jobs. In summary it is terrible to look for job after one is laid off as ever interview is starting with same question. One interviewer asked if I knew it was coming? I replied... — read more 

Matter of time and how quickly the top 4 customers transition to 7 and 5 nm . Leave the he-l before it is bankrupt

Anyone noticed that some of the lickers that were laid off in one department are being re-hired by another?

Laid off in December with 90 days non working period pay, bonus, additional 3 months severance and also 7k cash payout to purchase health coverage after 90 day period. Officially hired elsewhere.. Double dipping on GlobalFoundries dime.. yep. The... — read more 

Reeder disposes of 22k shares, Edelman disposes of 5.5k shares. Every insider is selling of their vested shares so much for the confidence in the company they run. Bunch of thugs... — read more 

Replacing even the key staff is very slow. My colleague who was very skilled and did the most work has left a while ago, but there is still no one to replace him. The management doesn't know what it's doing. I'm curious about the average... — read more 

History is proof. TC must be thinking of doing something like ebitda bull sh-t, feature rich, autonomous cars .. to create another good looking lie to confuse remaining of us so that he can keep selling shares at higher price if possible.

After cuts, it may be possible to overwork survivors, but not for long. I don't know what the management planned and why they thought it could be sustainable, but I'm almost sure that already overloaded employees won't be willing to pick up... — read more 

The level 10 director of a team I worked closely with and respected suddenly resigned yesterday. It is very shocking to me, and I think it would be even more shocking for his team. I'm not sure if this is a layoff 2.0.

I think we are all left wondering if there is any future at GF? Personally, I feel strongly in the US/DRS/SGP there is no future. In the US, folks should stick around until mid-March 2023, get their AIP bonus and then leave. The future is very... — read more 

Some of my former colleagues who were cut finally got relief, meanwhile here I am exposed to more stress than ever. Laying off as many employees as possible and overloading those who remain - how can that be a good strategy for the company's... — read more 

MALTA - GlobalFoundries informed 221 employees at its Fab 8 computer chip factory and headquarters in Malta that they will lose their jobs in a company-wide layoff program that is impacting about 800 workers worldwide. The company is also putting... — read more