Be careful about what you take to be true from here. A lot of posts seem to be coming from people that have no interest in providing any helpful input and just want to scare/anger you. I suspect that there are likely people trolling this website... — read more
The main criteria
I am trying to figure out who are the most vulnerable employees. Long-timers? New hires? The most talented ones? Slackers? I hope that the most at risk are not the best employees who should be retained at all cost.
There are better opportunities out there
I feel sorry for everyone who was laid off in these difficult times. Being laid off is one of the most stressful moments one can experience. It may not be very comforting, but... most of us can get better opportunities outside of GF. I am still... — read more
How many people from HR got it today?
So has fate finally caught up with the over staffed and under worked department now that ER is not around to protect them?
I was laid off. work here for one year and work very hard. very dispointed since I rejected another good offer last year.
I also heard the new employeers are most vulnerable. Almost all new hire are asked to leave. Will never recommend my friends to join this sick company. You work hard for a year then you get fk off.
BIG BLUE BUTTON: See only active posts!
For new folks on this website, there is a large "ACTIVE" button right above the first thread... you can use it to see what posts had recent replies. That's all from me. Anyhow, I hope this helps someone. Good luck all....
Getting cut and leaving with package would be most welcome
I sincerely hope that I will be targeted. Anyone else? I realized that it is not worth staying in a company that treats people like this. What can those who stay here expect in the future? In my opinion, nothing good.
IBM has a networking event on Jan 12th in Albany
https://www.linkedin.com/feed/update/urn:li:activity:7008158726071189504/ There are multiple opening for both techs and engs at IBM in Albany in both what would be our AME and Integration roles. If you are affected by today's layoff, or if you want... — read more
I was Laid Off, This is What I was Told
I have intermittent FMLA and I called this morning at 6:45 to use an FMLA day. I work at FAB 9 My manager asked to call me back and I got a call at 7 informing me that I was laid off. March 17 is the last paycheck day and I will be getting an email... — read more
Please use D-day thread
The original D-day thread has gone to the bottom. Please bookmark it and use it to post updates. Don't know if there is a way so it always remains at the top. Today, please focus on what we find out instead of discussions.
Anyone already notified?
I am trying to refocus on looking for a new job, but I am very worried.
This will never end
This company is known for its ruthless treatment of employees. Even if you survive this round of layoffs, we all know there will be more next year. Things are only going to get much worse from this point on. It hasn't even started yet. Sorry for... — read more
I joined GF less than six months ago
What are my chances of being laid off? I turned down another good opportunity to accept this position and if I now end up jobless, I don't know what I'm going to do. I know this is my fault. I did research the company before joining but I should have... — read more
Bunch of id--ts at the top
I remember about 5 years ago. I was interested in a photonics role. I had initiated several business opportunities and had interview sessions. The so called corporate fellow TL was one of the interviewees who never had time to schedule an interview... — read more
Waiting.
It’s the 12th and another day of no news. GF can’t even get layoffs in a timely manner.
Is it possible to make your job any safer?
I do care about keeping my job here but it seems unlikely that one could make their position any safer regardless of how much the employee is dedicated to their work.
Big names hit in Malta - Sr Dir/Dir
Some surprising names being informed today in upper management in Malta. These were not volunteers, they were shocked and blindsided.
I started applying
This has become a terrible workplace. I don't think I've ever put in more effort and been less valued than I am here. How many of you started prioritizing looking for a new job in order to leave GF, regardless of whether you survive the cuts?... — read more
Dashing through the snow
Dashing through the snow In my 4 cylinder 2 wheel drive Hyundai Through the roundabouts we go Crying all the way Calls from engineers ring Drinking spirits right “What fun” it is to ride and sing A layoff song today Jingle pockets pockets... — read more
It is not ~5%
It is going to be way over 5%. Something like 10%.
Check your WARN act
https://www.thelayoff.com/t/1k83LIUa Saying 60day warn act. NY requires 90d warn.
How many are hoping to be laid off?
Be honest. Personally, I don't even care that I don't have a job lined up. All I want is severance and to be able to leave this place and never look back. I've got enough experience to know I'll be able to find a new job within a month or two. Even... — read more
Anyone else have a mysterious meeting this morning with an exec and others in their team?
Either a layoff or a promotion I'm thinking, but far more likely a layoff.
Finally insider transactions
https://www.theglobeandmail.com/investing/markets/stocks/GFS-Q/insiders/
Post layoff beer
Where are we going after we get our sweet severance money to give GF the double bird toast? Unified or Active ingredient? Or Bentleys? Any other suggestions?
Layoff eve
Twas the night before layoffs , when all through the fab Not a worker was smiling the mood was quiet drab; The foups were hung by the overhead with care, In fear of what Tom Caulfield would soon declare; The wafers were nestled all snug in their... — read more
Should I stay or leave - I am newer employee with just 1. 2 years in GF
Appreciate these posts and helps as I really have lot of anxiety due to my immigration status as layoff will force me to look for job to stay in country. I already see quite quitting prevalent in my department. My manager is technically very weak... — read more
Good luck to all
Been at Fab 9 for almost 24 years and have been in this situation to many times. Good luck to everyone!
D-Day
This is to "keep track" on the exercise starting tomorrow. Which job levels getting the hatchet. Good to also indicate the site affect so we will know the impact to the different sites
Wrong steps and strategy in GF
TC has been trying his level best to befool us, Mubadala and now investors. It is clear that GF is fundamentally not able to sustain itself and will continue to resort to layoffs as easy way to make numbers look good for wal street. IPO that was... — read more
GF is doing it wrong
What Companies Still Get Wrong About Layoffs: https://hbr.org/2022/12/what-companies-still-get-wrong-about-layoffs Perhaps the leadership is forgetting about the long-term effects of poorly managed layoffs?
Wasting talent at GF
I know fear keeps a lot of underpaid and talented at GF, hopefully this layoff will push you to move on.
Q4 Revenue outlook 2+Billion
Tom Caulifielld, Hope you’re real happy with yourself. Hope you’re bonus and salary are well worth the devastation and chaos you are causing countless families this holiday. Just remember what you put out into the universe, comes back... — read more
Anyone Else?
Anyone else hoping to get laid off with 3 to 6 months of total pay? A little motivation and cushion while you look for a better company to give your time and energy to.
Gf named most responsible company
Want a good laugh? https://gf.com/gf-press-release/globalfoundries-named-to-newsweeks-americas-most-responsible-companies-2023-list/
While you were distracted..
PB and many on his staff were promoted in role, a couple of months ago on top of JS boasting about rapid hiring... Ops, now we need to reduce OpEx! Lets layoff 5% of the people vs undo all these promotions or de-band many 10+'s. Promo's at... — read more
Will WARN be triggered in Malta this round?
My hunch is it will be just 249 people and won’t be triggered. Didn’t know if anyone has inside info willing to anonymously share. Would make us calmer if WARN is triggered so have more warning
I don't know if that's good or bad
The fact that the layoffs were announced earlier is good in the sense that some may have managed to get new jobs during this time. On the other hand, announcing layoffs without giving details and leaving employees in great uncertainty is, in my... — read more
Where are all good profit and future with feature rich BS?
TC lies are so obvious and all his plan to keep hiding the company structural weakness is big time exposed now. I am really fuming as it is utter failure on part of TC who just focused on IPO to save his chair. He completely forgot to strategize the... — read more