With layoffs looming, the only people who are guaranteed to make it through are kiss-as--s and the ones who can backstab their way to the top. Among the rest, nobody is safe. It doesn't matter how long you've been here or how knowledgeable you are... — read more
Fab 8 Severance? What your prediction?
My guess is 249 people and a 60 day severance…. What are your predictions?
Why make us wait and worry?
Nice little email right before the weekend! Paraphrasing “Hey everyone, you might be getting laid off but we can’t tell you who, how many, when or even where. Please feel free to worry and speculate! “ I swear this fk’r is tone deaf. If I survive... — read more
GlobalFoundries seeks annualized savings of $200M, cutting jobs
"GlobalFoundries CFO David Reeder said earlier this week during the company’s Q3 earnings call: "For the full year 2022, we now expect total gross CapEx to be between $3B and $3.3B, impacted primarily by the well-known delays in capital equipment... — read more
I've been laid off two times before
Each time, I was shocked and devastated. And each time, I was able to find new opportunities quickly—in part because I was already focused on my job search. I've had to learn the hard way that it's important to stay engaged with the world around... — read more
Registered in the Cayman Islands
Can GF still bank from the CHIPS act even though the company has tax exempt status being that the company is registered in the tax free haven of the Cayman Islands? Let's see doesn't pay taxes, boasts record profits, and layoffs all in the same 4... — read more
November 23
I've seen this mentioned as the day of layoffs, how accurate is this information? Was there an announcement I somehow missed or is this still just speculation? It's easier to know the date than to keep stressing over it every single day, so I hope... — read more
ATUL was so correct
ATUL sacrificed and went ahead to send the details to all in company. Sad that no action was taken on any of highlighted in power point. Even worst that those tendencies prosper still and now have taken a root in GF. Deep cleansing is needed in GF... — read more
How to stop GF laying off employees with age more than 50 year+
Hi all, I am willing to collect input/ suggestions via this post and prepare to file law suit before or after GF action. I will need your help if you are impacted and come under this category to fight for all of us. Please like, suggest and let me... — read more
Those closest to the Wafer..
Equipment Maintenance Technicians, facility Maintenance Technicians and chemical Ops, fear not. Worst case scenario you’ll be kept around and needed to decommission the equipment should the Fab get shuttered. Even in downturn periods, you’ll be... — read more
Understanding who calls the shots at GF
As a former GF employee and having moved onward in 2022 to pursue higher paying opportunities, I'm not sure people understand how GF is really run. The investment firm Mubadala still owns 85% aprox of GF's stock. So even though GF is a public... — read more
GF CEO and all executive team should be fired
Enough is enough. What else we need to bear these low performance people?
R&D, Sales /Marketing and Purchasing
Have it on a very reliable source that R&D, Sales /Marketing and Purchasing will most heavily impacted.
something is not right
State of the company: suffered from high attrition the last 2 years a lot of positions have not been backfilled (no approval) teams have struggled to hire competent replacements where allowed morale already low Then what happened the past... — read more
GF's current strategy will fail
Being a former employee at GF I still have a lot of friends who are there since I left in 2016 and took a job at a smaller company, best decision I ever made!! Overall, I wish the company well and hope they will succeed. I still have many friends... — read more
More layoffs next week?
Should I be worried about more layoffs next week?
Layoff amid hiring spree?
I left Glofo already, but just literally earlier this week I saw a few managers from Glofo at the SUNY Nanotech recruiting. From my friends that were still there I know my former team has just begin to refill the vacancies as well. I don't understand... — read more
Just joined GF this year and it is terrible
I had no option but to join GF as being on H1B, I did not have much option and timeline was against me. I can tell that management is terrible , incompetent, biased , non transparent. AME in particular is in deep sh-t as it is in hands of wrong... — read more
AME Golf Outings in Jeopardy?
With the upcoming cost cutting, are the monthly AME golf outings in jeopardy? Or will we be left only with the afternoon ping-pong tourneys in the cafe?
GF is left with incompetent managers, directors and VPs
Frankly I am in middle of resigning as I am really fed up with culture in GF. CEO finds way to confuse employees using his artificially created slides sometimes using Ebitda and some times gross margin.. whatever makes him sound good. Fundamentally... — read more
GF is dying company and this is result of many bad ongoing things
Being a former engineer, i can say that there is no culture in GF. They have been lucky to have experienced guys from IBM, charted and able to recruit engineers to work for them in inhuman conditions. There is no way to get promoted unless you know... — read more
A devastating fact
If I were a leader, it would be devastating for me to find out that many employees, despite everything, are asking what they could do in order to be cut. How many times have you heard such questions? It says a lot about the general... — read more
The Purge has begun
Low performers or quiet quitters, might want to call your mothers
No media coverage, huh?
Alwasy the same. Folks leave in silence.
Afraid that the severance pay will not be enough
This is perhaps the worst time to be laid off. What worries me the most is the state of the job market, where there is now a lot of competition and hiring freezes in many companies... Will the severance pay be enough until we manage to find new... — read more
Short term savings long term cost. Finally back to proper staff since 3 years of rebuilding since the Pivot. Now this.
I was just telling my managers that we finally had reached the level of quality in the team that we literally had worked to recreate since the Pivot. I work with the labs and we were gutted. Now if we lose people again I will not be around to rebuild... — read more
Who will be impacted?
Any info who will be the biggest target groups?
It's surprising to me
Some write here that their cuts were not surprising at all, considering the layoffs that are happening in many tech companies now. And yet, I was still surprised because we are terribly understaffed and I don't understand how everything will work... — read more
ARTICLE: tech companies that have announced layoffs in 2022
The tech industry has seen a string of layoffs this year in the face of uncertain economic conditions https://www.cnbc.com/2022/11/09/tech-layoffs-2022.html
Layoff meeting today
Fab8 managers have an emergency meeting today at 14:00 to finalize layoff plans. The hammer will drop starting tomorrow.
real problems at fab8
I want to talk about the real problems at fab8. Not fake ones like understaffing, poor management or low pay that the serial complainers here post. So you're probably wondering what the real problems are. Well, here: too much microwaved fish... — read more
Let them eat cake, err, ice cream
After having the worse employee IPO participation in tech, GF(directors and above), are now in NYC living it up and toasting a job well done. Too bad most of my friends have left in the last year for Austin.
Open Positions and Recent Hiring
Has anyone confronted their managers about their teams being shorthanded? My manager said he isn't getting any qualified applicants for our engineering team. That and the number of open positions approved is half of what the team needs to be whole... — read more
Favoritism
How is it that certain departments, say EHS, can now promote someone to management, with only one person reporting to them? Is this payback for something? Blatant favoritism? How do you justify a first line manager with only one report? Most... — read more
Gig assignments
What are your thoughts ?
GF hiring in Malaysia?
Saw a few job ads about positions in Malaysia. Another new fab or job outsourcing to cheap place?
fab8 coming full circle?
with seemingly more former fab7 people filling positions of influence at fab8, does anyone see the same issues from 2011-2014? like culture clashes between AMD and Chartered people (and some early IBM defectors)? shouting and shaming in meetings?... — read more
Micron Technology plans to spend up to $100 billion building in Clay NY
Micron Technology plans to spend up to $100 billion building a mega-complex of computer chip plants in Syracuse’s northern suburbs in what would be the largest single private investment in New York... — read more
Quiet quitting
Painful to work when you are surrounded by people who were quickly unfairly promoted, who are 1 to 4 levels above you, and you know you are much smarter than them? If you are stuck to the area and can't leave GF, what do you do? Quiet quitting! which... — read more