Either a layoff or a promotion I'm thinking, but far more likely a layoff.

https://www.theglobeandmail.com/investing/markets/stocks/GFS-Q/insiders/

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?

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 

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 

Been at Fab 9 for almost 24 years and have been in this situation to many times. Good luck to everyone!

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

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 

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?

I know fear keeps a lot of underpaid and talented at GF, hopefully this layoff will push you to move on.

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 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.

Want a good laugh? https://gf.com/gf-press-release/globalfoundries-named-to-newsweeks-americas-most-responsible-companies-2023-list/

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 

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

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 

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 

Make us work a full week then some of us get the axe. My dept is holding a work stoppage Tuesday.

Interesting how they’re apparently not going to record this one. Does this timing support the theory that they’ll execute the walkouts on Tuesday/Wednesday? I assumed E shift would at least get to stay until Friday, but maybe not.

After all this, I don't believe that anyone has trust in leadership anymore. Their terrible way of management, all the lies we have heard have led to an atmosphere of mistrust in this company. How will they later restore the lost trust? It will be... — read more 

It is clear that Tom is using Layoff as an instrument to make numbers like good to Wall Street. Is not this end of the GF story then? In Globalcast only thing I got was that reduction will improve operating margin..really??? Does this mean that we... — read more 

I am interested in who will be the main targets, although it is not wise for anyone to assume that they will be safe.

I still haven't received a meeting invite. I am worried because my children's education depends on this job. If I understood correctly, the uncertainty of whether I will be cut in this round will last until Thursday next week?

TSMC to increase investment in Arizona to $40B as Biden visits chip manufacturer https://thehill.com/homenews/administration/3762900-tsmc-to-increase-investment-in-arizona-to-40b-as-biden-visits-chip-manufacturer/

All the hard work put in from largely not industry people here and they sh-t all over us like this. If I see Tom say team one more fu----g time in an email.

Do we know the date? Will people get “meeting invites” the night before?

Baldy canceled the holiday parties but not for Fab 10. Seeing posts on FB for it.

I wish it won't be like that, but I'm guessing that the main target will be those who really do their job well, while those who keep low profile and are here on autopilot will somehow manage to keep their jobs.

I think that 700 is already too many people, but I hope that the predictions of those who think that the number of affected could even double will not come true.

The only reason I would like to survive these cuts is that it is much easier to find a job when you already have a job. I wonder what GF will look like after the cuts? It is obvious that there is no plan to fill the gap and that the survivors will... — read more 

Our group at Fab 8 was tasked with an equipment capital reallocation from Fab 9 targeted for Q2 2023. Any other Fabs sourcing tooling from Burlington? We are eyeballing a total of 8 300mm platforms. Has anyone at Fab 9 initiated decommission talks... — read more 

Go back and re-watch the globalcast after reading these points. TC, CFO, HR rep all struggled to contain their emotional states. This is odd. I've been through several layoffs at this site and others in my career. Never have I seen so much... — read more 

Such a fanciful project coined for their own job security for 5 years and beyond and still in visioning stage after more than a year. This deserves to be axed to save the hundreds of millions.

I watched the meeting ( announcement) and here are my observations: I never seen TC so emotional! He was struggling to find the right words (this was in the beginning of the meeting. He continued to struggle to cover up this situation during the... — read more 

TC/GF will be looking into outsourcing all the work from home and non-fab essential employees to Singapore - ESPECIALLY NIGHT SHIFT.

That is, is there anyone who doesn't think that US will be most impacted?

Normally I would assume so, but since it was mentioned that they would be targeting executives/management specifically I'm not so sure.

Seen in press next week, then seeing 12th thru 16th. Is it that managers know next week or impacted know or what?