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I see people who have been with GF for years getting cut. But the new hires who are coming in are not nearly as qualified. This is causing a lot of problems for the company and making things more difficult for everyone involved. Sometimes it's... — read more 

GF gave an across the board 5% increase to L1 though L5, and a long term RSU to 6 and above. They then turn around and cut their payroll/staff by…… yep 5%. They are not investing in Staffing or new/current Nodes. The CEO is dumping stock. They... — read more 

GF’s revision and acceptance in its mission and vision statement that it does not want to compete with top tier foundries like TSMC, Intel and Samsung as it neither has talent nor finances to support the model was good self reflection but it failed... — read more 

You better watch out You better not cry You better not pout I'm telling you why GlobalFoundries is laying off. They’re making a list They’re writing that check Picking who’s life they’re gonna wreck GlobalFoundries is laying off. They see you when... — read more 

Chip manufacturing giant GlobalFoundries Inc. is cutting 50 workers based at its former headquarters in Santa Clara amid a slowdown in the semiconductor industry. The company, which goes by GF and is now based in New York, plans to lay off the... — read more 

We will see more and more people announcing retirement in coming days as Volunteer separation package was offered to almost all in GF who are turning 55 . Heard it is 6 weeks package and in great demand as this is last chance to leave GF with some... — read more 

There is no reason to wait for the next round of layoffs especially since we now have the luxury of looking while we still have a job. Not only does it look better on the resume, but that way we don't put ourselves in danger of depleting our... — read more 

I'm feeling unmotivated and discouraged these days. With all the cuts happening, it's hard not to feel anxious about my own job security. They expect us to work harder than ever, but none of us can know how long it will be before we're let go. It... — read more 

TC sold 250k shares November 11th at $64 per share, announced layoffs the following week. He downsized Malta workforce by >7% the week before Christmas. GF stock is now trading at $52. Oh and your raises are delayed until late 2023. Happy New Year! — read more 

Some say January, but I don't buy that. The management needs more than a few weeks to see how things are working after the latest round and if they can even afford to cut any more employees without causing disruptions in work. I'm guessing maybe... — read more 

Knowing I never have to step foot on a GF site again.

Just help me like the post of you had stress and serious mental health issues due to bad management while working in GF.

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 throughout the semiconductor industry. Level 1 and level 2 managers are... — read more 

Everything is changing, however, GF has changed for the worse in a very short period of time. Can you even compare what this company was like when you first came here and this misery now?

I understand colleagues who are now very worried about whether and when new layoffs will happen and whether they will be affected. There is no longer any job safety here and that is quite clear. However, it makes no sense to wait in fear and... — read more 

Anyone else having a fresh start for 2023. Good luck and we(family) won't miss the NY weather and taxes. List of things we will miss: .... end of list.

Any current US employees know? If I take over a new job outside and quit GF then will I get compensated for my vacation balance?

this company indeed have toxic culture, even the old ladies at cafeteria also showed the bad attitude to worker.. food is terrible and bad behavior from the cafeteria...

This has not been a place that appreciates talent for a long time now. GF has proved it in many ways. The company could have been much better, however the most talented are the least valued and there is no hope that GF will get back on track. There... — read more 

Leadership which employees do not trust - that should not be called a leadership at all. When did you lose trust in them?

I can't tell you how much I'm hating the fact that I have to work tomorrow. It's not the work itself, it's this place. I'm so tired of GF and its cr-p. I desperately need to leave but I haven't been lucky enough to get a decent offer just yet. I'm... — read more 

GF has gone so low in reputation that I feel ashamed telling anyone that I work in GF. This is not good for me and my mental health and am sure most of my peers are in same mode. Trying my best to get out of this he-l.

They laid off a bunch of us in Santa Clara too. Not sure of the exact number. For the last quarter, we had been told to train GF Bulgaria employees how to do our jobs. Merry Christmas!

Please feedback of this is correct priority. Level 1 and level 2 managers are key reasons why GF is dying. Our direct management are the true nodding “yes,” men of the company and it’s their incompetence, ineptitude and just general lack of... — read more 

Does anyone know why they reported it to WARN since under 250 people? I read the WARN regulations and the only way they’d have to is if they are doing another layoff of at least 29 within three months of that layoff. The voluntary retirements don’t... — read more 

Company like GF is missing strategy and niche to survive. Do not see how this 7% reduction and 220 million saving with help company survival other than just making stock look better at Wall Street. This is terrible but real issue that GF is... — read more 

Laying off employees as a way to increase profits is an outdated and short-term solution that indicates the current management team does not have any good ideas. Let's face it, they are a one-trick pony. They haven't done anything good to move the... — read more 

management at IBM had to be one to the worse I have ever seen. writing was on the wall. there was no long term investment... all they care about was quarterly stock price. when GF took over, same IBM management ran the company. no surprise on the... — read more 

I see the construction contractor signs remain. GlobalFoundries has money for buildings but layoffs continue. This is NOT an American-owned company so expect no loyalty. How many of the “local people” promised to be hired in the expansion of 2011... — read more 

Hi, Here is summary for round 1 layoff in Q4,22.. let us keep summarizing this for next round. Globalfoundries can’t copy homework right Layoff will continue until moral improves … Someone wrote great lay-off poem Bkm to survive in GF -... — read more 

When Tom spoke at the All hands to announce potential layoff he said 5% So far 7% or > on both US sites. Malta 3000/220 Vermont 2000/148 Will be interesting to see the numbers out of Dresden and Singapore. More lies/miscalculations from... — read more 

Hi, was looking for more info. Is it offered to all above 55?

... — read more 

https://vtdigger.org/2022/12/20/globalfoundries-layoffs-to-hit-148-vermont-employees-company-tells-state/

Globalfoundries can’t copy homework right Layoff will continue until moral improves … Someone wrote great lay-off poem Bkm to survive in GF - saw a-s licking and boot licking came as dominant traits to become up to director and someone... — read more 

With GF only having 2 bottom feeding Fabs in the US, being incorporated in the Caymans, and the majority stake holder being a foreign government, how much of the Chips Act money do you think GF is actually going to get? Curious

I don't have the stomach to watch, someone watch and report here please.

Aren't the shift people the lower paid ones who keep the place running? Wasn't the goal cost savings? Are the EEs going to be expected to go into the fab to fix tools more often since they get the privilege to keep their jobs and don't have to be... — read more 

I was laid off recently. Came as a surprise to me because I was under believe that no one can touch me and I was indispensable. It is sad and hard to believe but it happened. I was busy with my project day before and worked very late evening as... — read more