GlobalFoundries Hopes to Turn Profitable Amid the Chip Shortage https://www.bloomberg.com/news/articles/2021-11-04/globalfoundries-gfs-hopes-to-turn-profit-amid-chip-shortage

However, when it comes to layoffs, that fat always remains unaffected. All the useless managers who barely have any direct reports and who don't even know how to do their own jobs, not to mention supervise others, always remain. Laying them off... — read more 

I don't know if I am more dissatisfied with pay or the atmosphere that is becoming more and more toxic. What is most worrying is that no issue that employees generally complain about is ever fixed here, and issues are piling up very quickly.

I have to live here for family. My college buddies are over at Samsung and Intel with the same experience… making a bit more than I do. But I live paycheck to paycheck. Must be nice for you selfish people fighting here to call us losers when I... — read more 

Watch the segment o. YouTube And looked after after hours price After hours trading 4pm-8pm $53.00 https://youtu.be/Ve_x71Ck4CQ

Once again haters gonna hate but we are gonna be rich

Ask for a raise GF: Here's a hat Ask for RSUs (free stock shares) GF: Here's a coffee mug Ask for a pencil GF: Here's a raise

The picture before ringing the bell and GFs leadership shows one chief of staff and the other one Laurie, so much for the D&I initiative.

Oh, ok, thanks. When can we expect our RSUs? btw this was actually said

While the haters gonna hate we are gonna be rich today….

Please replace brand promotions like caps/t-shirt/bag/bottles and even gifts (appreciation gifts) with shares.

Is there a holding period, or I can sell them on the day of the IPO assuming they go up?

The top execs are given shares; workers are not. The buy in price sucks for a company that’s never actually seen profit. Why buy in? You’re a part of global foundries too. You worked through the pandemic while the top dogs sat on their a-s at... — read more 

Came across this gem https://www.netroadshow.com/custom/ipo/GLOBALFOUNDRIES/retail/disclaimer.html Did not know that the chips we make have 70 layers and they are just like cake with 70 layers

Show your disgust with the lack of sharing by the SLT with the fab workers who make the place run. While they're toasting themselves like Generals, it's the lowly infantry Fab soldiers that bleed every shift to make GF succeed. My last day is... — read more 

Over the years I have always wanted the company to succeed that I work for. But for the first time ever there is a part of me that wants GFS to tank miserably even though I doubt that will happen. However, for all the false narratives and the... — read more 

While we are whining about not get stock etc.. the top brass is in nyc already going to Broadway shows and partying at the expense of our raises.

I am confused with GF DSP for employee. GF is making loss and there is no projection when they will make profit except statements like chip shortage, diversify fabs etc. We are not getting shares in discount or free why hard earned money needs to be... — read more 

Is it only my observation or have other folks noticed SLTs hiring to many women chief of staffs and providing more workplace benefits such as opportunities, transfers, etc

If managers don't have time for reporting people they should move out of people manager role. We need to pay all our travel expense from our personal card but manager will not approve the expense report for weeks. What is the role of manager in... — read more 

Is being a yes man the only way to get ahead in this company? Why is there not much room here for those who don’t agree to become just another yes-man? I’m not that type and I think it cost me a lot at GF. When I look back, I think I would've ... — read more 

I am terribly sorry for the new employees who are totally lost here. GF hired them even though they knew they needed training and then they left those people to fend for themselves. Terrible!!! Neither I nor the other colleagues have the time to help... — read more 

I've been at GF since late 2011. For those of you with similar time at fab8, you know the early years we went without raises and bonuses. In the intermediate years the raises and bonuses were laughable. And if what I read here is true, GF didn't... — read more 

It seems to me that nothing I do is ever good enough for GF. Worst of all the more effort I put in the less valued it is so I'm starting to wonder why I bother at all. Admittedly, maybe I don’t understand their expectations of me. They seem to... — read more 

October 19, 202110:39 AM EDTLast Updated 33 minutes ago Middle East GlobalFoundries seeks $25 bln valuation in U.S. IPO as chip demand... — read more 

I am sure some of us want that motivation to look for another job and some time off, I can't be the only one, right? I never felt this way at another place before....

There was a comment, on the "Strike" post that caught my eye. Basically its saying get ahold of our senators and/or congressmen that are tied with GF, to tell them how they are acting towards their employees. With increasing workload and punishing... — read more 

Why aren't we striking like every other business in this country, 170k employees and counting fyi. Have any of you read the SEC filing? We get nothing and the directors and uppers get millions. Why is everyone so apathetic to their own situation in... — read more 

Can the SLT stop draining money by giving the stupid hats nobody gives rat’s a-s to wear that even though SLT would like the employees to wear it for free advertising. SLT should pay to deserve the free advertising.

I understand how top dogs could benefit and what an IPO could bring to this company, a lot has been written lately about that, but I don’t know if we, the employees, will benefit from a GF IPO as well? Thoughts? I don't have a good opinion of... — read more 

https://abcnews.go.com/Business/wireStory/americans-quit-jobs-record-pace-august-80536732 The Labor Department said that quits jumped to 4.3 million in August, the highest on records dating back to December 2000, and up from 4 million in July... — read more 

How much has your workload increased? If I would express myself in percentages, compared to 2020, my workload has increased by a minimum of 60% this year. Compared to 2015, for example, the amount of work I need to do has increased by more than 100%... — read more 

https://www.fabricatedknowledge.com/p/global-foundries-s-1-breakdown Analysts all coming to similar conclusions.

After all the touting and tooting their own horns to generate interest and eventually releasing the financials the truth is out. Here is a scathing article from Bloomberg... — read more 

Personal, I don’t want to move since all my families have been here over the years. However, due to the COVID, the inflation is crazy. On one side the company raise me 1% per year and I can’t afford to live here now and another side I see a lot of... — read more 

https://www.marketwatch.com/story/chipmaker-globalfoundries-inc-files-for-initial-public-offering Home Dow Jones Newswires Chipmaker Globalfoundries Inc. Files for Initial Public Offering Published: Oct. 4, 2021 at 12:34 p.m. ET By Stephen... — read more 

What is going on. Why are so many people quitting in such large numbers ?

What's the latest info on layoffs?

Usually the opposite happened to me, the longer I was in a company and more work experience I gained, the better work-life balance I had. It's different here. Ever since I came here, the work-life balance is getting worse and now I literally don’t... — read more 

For everyone complaining about pay, just do what most of us do… Nothing! They no pay, we no work!