Topics regarding layoffs at GlobalFoundries

Topics regarding layoffs at GlobalFoundries

TC learn from this!!!

https://www.theguardian.com/commentisfree/2022/nov/21/elon-musk-went-on-a-firing-frenzy-at-twitter-now-hes-paying-for-it

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| 1090 views | | 5 replies (last November 22, 2022)
Post ID: @OP+1jO0idiv

Great way to thank all of us

We will be punished for building the company to be able to go public. Despite COVID, record profits. This is the big thank you we heard about for years. Sad how this happens. Work every day through the entire epidemic for nothing.

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| 1563 views | | 8 replies (last November 22, 2022)
Post ID: @OP+1jNO9rP5

Malaysia outsourcing

I spy with my little eye, job postings for Penang, Malaysia. Yield, PI, Test, and AME Process Engineers. They’ll be supporting multiple fabs. No wonder they’ve been investing so much effort in Cloud infrastructure… Google is your friend. Good Luck. — read more 

Good ones already left GF

I know this post will not be liked by my peers in GF but fact is that all good talent has already left GF. Not many good ones left and if there are few left , they are planning. I do not see reason to complain as second tier foundry with third grade... — read more 

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| 1911 views | | 9 replies (last November 21, 2022)
Post ID: @OP+1jM0nhIV

Management Layoffs and Reorg

There is a decent amount of historical evidence that the direction GF needs to go is offload a good amount of their management chain. They laid off a decent amount of managers during the 7 nm pivot, and GF did alright, but the problem is they... — read more 

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| 2030 views | | 9 replies (last November 21, 2022)
Post ID: @OP+1jMJbcxZ

EFK FAB10 layoffs in 1Q23

Just got off a a meeting with GF executives (Ivers and clark included) and ON Semi executives. massive layoffs at FAB10 come 1Q23. Due to the purchase agreement and NYS incentives, they need to hire the employees first in January and then notify of... — read more 

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| 1960 views | | 5 replies (last November 21, 2022)
Post ID: @OP+1jLYqZFb

We need layoffs truly based on performance

All the layoffs we've had so far have resulted in good people losing their jobs and left the incompetent as-----s who destroyed the company in charge to continue ruining GF further. Imagine if for once layoffs got rid of the worst performers... — read more 

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| 1460 views | | 8 replies (last November 18, 2022)
Post ID: @OP+1jLFyiyZ

TC made the front Page

https://www.timesunion.com/business/article/Showered-with-subsidies-GlobalFoundries-Micron-17592042.php?IPID=Times-Union-business-spotlight

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| 1290 views | | 3 replies (last November 18, 2022)
Post ID: @OP+1jLSWM92

Today

Word is E-Shift at Fab8 today get their walking papers. To all my coworkers who will be impacted, keep your head up and know you are better than GF. Best of luck!

This could be just start

I think we should plan to just leave GF as soon as possible. No point on staying in this he-l which has lost its edge, credibility and trust with employees. I will not be surprised if we see few more ATULs stepping up. We can not blame anyone if we... — read more 

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| 1550 views | | 7 replies (last November 18, 2022)
Post ID: @OP+1jLzZW3t

Free-Will

As far as I’m aware, aren’t we all at-will employees? Those that have backgrounds in semiconductors- there’s other companies to work for worldwide. Those who mayve even spent the last 10 years in semi- most likely have educational backgrounds in some... — read more 

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| 1210 views | | 3 replies (last November 18, 2022)
Post ID: @OP+1jLKpkLG

The company is stuck in the past

Some might disagree but I think that GF is seriously stuck in the past. Those who are no longer here are lucky, because working here is ok only if you don't mind allowing your skills to atrophy. For this reason, I hope that there are not many who... — read more 

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| 1010 views | | 2 replies (last November 18, 2022)
Post ID: @OP+1jKOGPer

Employee morale

The current situation has dropped employee morale to new depths. I didn't think it was possible because it was already near the bottom but I was wrong. It almost feels sometimes that the leadership is doing it on purpose. I know that's not true, but... — read more 

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| 1680 views | | 9 replies (last November 21, 2022)
Post ID: @OP+1jK68c3E

Adding insult to injury.

Well, GF made me shave my beard off for respirator fit test and they are probably going lay me off. Yay me.

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| 1030 views | | 4 replies (last November 17, 2022)
Post ID: @OP+1jKvL1st

Feeling cheated and lied to?

It is unbelievable how many people only now, after so many years wasted here, feel cheated and lied to during their career at GF.

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| 1430 views | | 7 replies (last November 17, 2022)
Post ID: @OP+1jKeREl9

Musings on the big picture and advise

Remember GF's history is not that of a greenfield startup and organic growth, but is full of acquisitions, mergers, technology licensing, and greedy, insecure, corrupt management that nourished a culture of sycophancy. GF started because some smart... — read more 

This is going from bed to worse

People work hard to get where they are just to be used up, walked over, and finally dismissed like they never existed. This company has lost its core values, forgotten why it exists, and will be in endless “transition” until it disappears. There's no... — read more 

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| 1640 views | | 6 replies (last November 17, 2022)
Post ID: @OP+1jJFepTp

PB feedback, PB style

PB @ the last all hands cheer for us hiring quickly cheer for 1/2 off the cafe cheer for a Christmas party F8, great place to work, go get your new lanyards PB today layoffs limit travel don’t mind me, I was just partying in NYC the death... — read more 

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| 1820 views | | 7 replies (last November 16, 2022)
Post ID: @OP+1jJYYJdF

Pivot Thread - post your pivot wins

better parking spots the return of the Muffa melt cleaner urinals 6ft social distancing - EVERYWHERE finally get that guy's zoom desk ...

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| 1500 views | | 8 replies (last November 17, 2022)
Post ID: @OP+1jJitFEO

2018 Severance and Buyouts

Is there anyone here that was laid off in 2018 that was offered/accepted a severance package or an early retirement? Can you share the numbers that were offered?

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| 1970 views | | 5 replies (last November 16, 2022)
Post ID: @OP+1jIAl4SG

Lost trust

Without trust in the leadership, no one will invest too much effort to help create a high performance company. After all, who here still has trust in our leadership? I don't think that many do, so the work performance will drop significantly. The... — read more 

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| 1330 views | | 6 replies (last November 16, 2022)
Post ID: @OP+1jIhjNJ1

PB’s email.

Paraphrasing: “ Just wanted to remind everyone, that we ask all employees to continue to wait and worry. Layoffs are coming and your lives will be upended. In an effort to appear like we care about fiscal responsibility, we are canceling what could... — read more 

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| 1890 views | | 5 replies (last November 16, 2022)
Post ID: @OP+1jI957Cd

Biggest issue with GF

My biggest worry with GF going forward is it’s ability to scale. In absence of cutting edge node and volume, GF will continue to be in this cost cutting loop again and again and again due to motivation for CEO to artificially make the balance sheet... — read more 

Not helpful.

This site isn’t helping with the pending layoffs. Speculation and bickering is rampant here. Deleting this bookmark.

Those who would like to be candidates

I really wish that I could say that I would gladly offer myself as a candidate, but still... When I think of the dismal market, I would rather stay here for a while longer. That's why I was surprised to read so many posts by people who supposedly... — read more 

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| 1840 views | | 4 replies (last November 15, 2022)
Post ID: @OP+1jHkxkMz

Nothing makes sense

Considering the good earnings result, as well as the fact that a huge number of people are leaving the company, I don't understand the purpose of these cuts, which are very poorly planned. Perhaps someone can make some sense out of all this? In... — read more 

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| 2010 views | | 9 replies (last November 15, 2022)
Post ID: @OP+1jHXPHoA

Just-in: Reliable sources

Word has it GF is going to lay off 10,000 fifty year old employees from Malta alone, and keep the fab running. Trust me. Very reliable.

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| 2250 views | | 6 replies (last November 17, 2022)
Post ID: @OP+1jHYz5G8

To All Fab 8 Malta Employees

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 at this link to WARN Act Notifications. You can also contact NYD Dept. of Labor with any... — read more 

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| 1630 views | | 5 replies (last November 15, 2022)
Post ID: @OP+1jH0S9gT

Info

Based on reliable sources Malta alone is close to 500. Employees with 50+ years of age will be selected mostly from AME and integration. Also heard there will be volunteer retirement offer just like previous years for people reaching 55 years and... — read more 

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| 1900 views | | 6 replies (last November 15, 2022)
Post ID: @OP+1jHXxxgj

Politics, Outlook, and 85% Ownership.

GF’s reality is Mubadala, who still owns 85% of the company, is a sovereign wealth fund of the UAE. The UAE saw a 6.1% GDP decrease last year & is more aligned with Russian interests than the free world. Widely regarded as substandard concerning... — read more 

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| 1430 views | | 6 replies (last November 16, 2022)
Post ID: @OP+1jHQZ0JH

Well it’s been fun Fab 8

Walked this morning at 07:00 from the cleanroom to a conference room then to the front door. Laptop,keys,badge,phone in exchange for exit package.

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