Topics regarding layoffs at GlobalFoundries

Topics regarding layoffs at GlobalFoundries

F8 AllHands 12/15

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.

Trust is destroyed

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 

Bigger worry is- Layoff is going to be an instrument

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 

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| 1460 views | | 4 replies (last December 7, 2022)
Post ID: @OP+1k31txqe

Main target groups?

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

Uncertainty of the next days

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?

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| 1100 views | | 1 reply (December 6, 2022)
Post ID: @OP+1k3H62uT

TSMC to increase investment in Arizona to $40B

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/

What’s the date?

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

I don't expect fair layoffs

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.

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| 1480 views | | 4 replies (last December 7, 2022)
Post ID: @OP+1k2mzP1e

How will all this look after the cuts?

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 

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| 1370 views | | 4 replies (last December 5, 2022)
Post ID: @OP+1k2JpOvi

Burlington equipment reallocation.

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 

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| 1340 views | | 4 replies (last December 8, 2022)
Post ID: @OP+1k2hCKvo

December Globalcast re-cap opinion

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 

Axing Phoenix to save cost

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.

Dec 1st Meeting opinions...

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 

Will new hires be the first to go?

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

Next week or 12th?

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

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| 1520 views | | 3 replies (last December 4, 2022)
Post ID: @OP+1jZZwEcn

Should I worry?

If I come into work late every morning am I at risk to be laid off? Asking for a coworker.

730 Employees to be Laid Off

14,600 employees * 0.05 (or 5%) = 730 Employee Counts: "five manufacturing sites on three continents with approximately 14,600 employees" Page 30. SEC Report 10-K, published March... — read more 

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| 1980 views | | 6 replies (last December 2, 2022)
Post ID: @OP+1jY2tltq

Bingo

Play along tomorrow https://bingobaker.com#8ffb9a92cdbaf2be

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| 2610 views | | 13 replies (last December 2, 2022)
Post ID: @OP+1jXbCSQa

I can no longer focus on my work at all

Being realistic about the time and effort required to get a new job, I have enormous anxiety about what will happen if I lose my job. Anyone managing to stay focused at work?

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| 2000 views | | 7 replies (last December 1, 2022)
Post ID: @OP+1jXHOHcR

Our manager tries to make us feel safe

It is interesting how much the manager tries to make us believe that our positions are safe. Anyone else have such a manager? I hope that not many buy into it so that later they don't regret not being more proactive in looking for new offers.

Waitinggggggggggggggggggg

I doubt we will get any useful info from TC tomorrow, he will probably give an usual corporate speech about economy, inflation etc, and not any specific details. Lot of people will be disappointed after waiting for so long. Just my take.

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| 1570 views | | 8 replies (last December 1, 2022)
Post ID: @OP+1jXtTNFt

New update

Just in and confirmed. They are targeting people who cook fish in the microwave

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| 1680 views | | 4 replies (last December 4, 2022)
Post ID: @OP+1jWutLFa

The number of those who would like to volunteer

I would most rather get a voluntary package and forget about this place. Also I think at this moment most people would be very happy to volunteer. True? This is the reason why GF does not offer voluntary packages first, because no one wants to be... — read more 

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| 1700 views | | 4 replies (last November 29, 2022)
Post ID: @OP+1jWctUmd

How will GF attract talented people later?

After these cuts, I think it will be harder than ever for this company to attract talented employees. I would never come back here again. Leadership moves do huge damage to the company in the long term.

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| 1430 views | | 5 replies (last December 1, 2022)
Post ID: @OP+1jW9rvaS

The primary needs are never to have happy employees

If you haven't learned by now - the primary goal is never for us to be happy and therefore more productive, but to boost stock prices and for the leadership to fill their pockets. It's all just business == > With that in mind, we should also... — read more 

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| 1130 views | | 2 replies (last November 29, 2022)
Post ID: @OP+1jWW5ARi

what are the chances

that the amount of work to do will decrease for teams that are affected by the layoffs?

RBA Audit

Will be a very interesting ethics audit

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| 1160 views | | 1 reply (November 28, 2022)
Post ID: @OP+1jV9CnwH

Just waiting

Remember how TC’s video said they respected the people feeling the stress of uncertainty and would make the moves as quick as possible? I’m sick of waiting, and will be surprised if TC feels safe in a room of 300 people to give out more bad news on... — read more 

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| 2020 views | | 8 replies (last December 1, 2022)
Post ID: @OP+1jVdp5Mo

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