Remember when previous CEO said “We got 99 problems but, money ain’t one” Current market conditions determined, that was a lie.

I had to share this from another page - tell me this does not fit GlobalFoundries to a tee: Employers are ideally looking for an employee with the wisdom of a 50 year old, the experience of a 40 year old, the drive of a 30 year old, and the pay scale... — read more 

This round of GF pivot spin should be even more entertaining after the March denials. What's next?

This company has created a vacuum of talent that has come and gone period. The door continues to swing constantly. All I hear like every week is something new this person left that person left..... constantly. The reputation in Malta is so bad people... — read more 

say it isnt so.....

https://dailygazette.com/article/2019/04/03/globalfoundries-in-malta-to-interview-for-100-production-jobs-this-saturday They're so desperate they are willing to pay while training newbies. (Granted, only $15/hour, which you can earn flipping... — read more 

Just when I thought we were past layoffs - at least for a while - new rumors have started circulating at the office that we might see some cuts before the end of the month. Does anybody here know more about this? I keep hoping it was just some wild... — read more 

Hiya guys, BigPivot here. I just wanted to reach out to all my GF colleagues, and departed alumni from times past to see how life was going after the Pivot. Miss you guys!! Here at GF we are really busy with the big ramp and all the hiring of new... — read more 

https://www.cnn.com/2019/03/08/business/chrysler-building-sale/index.html What an epic fail. Even GF should lose less than 80% when sale and liquidation completes. Proving once again that foolish princes and their sovereign wealth funds are soon... — read more 

https://www.digitimes.com/news/a20190305PD215.html

I don't know why this hasn't been covered as much in U.S. media, but this article from Korea talks about both Samsung and SK Hynix having interests in acquiring GF. Samsung's CEO went over to the UAE this week to meet the crown prince, and it is... — read more 

Apparently higher level talks almost concluded and they remain confident of a deal

Apple chipmaker TSMC will miniaturize its fabrication process to 5 nanometers in a bid to secure orders for Apple's processors in its 2020 iPhones, according to industry sources cited in a DigiTimes report... — read more 

They save money on severance by rehiring. If someone got 6 months severance on nov 28 and they go back now they have to repay the amount covering between now and may 28. Smart business for GF if they find someone desperate enough to work for free... — read more 

https://www.extremetech.com/computing/285784-abu-dhabi-reportedly-investigating-selling-its-share-of-globalfoundries

If anybody who quit is still checking this forum - any regrets? Is the grass really greener? I'm really close to making the decision to leave myself, but I keep worrying that I'll be making a huge mistake.

Most of the new hires though are for technicians, preferably with little to no experience to lower labor cost. I think this is just to fill the numbers to ensure NY State keeps subsidizing them based on employee numbers. The higher cost, experienced... — read more 

another round happening in next couple of weeks as predicted by smart people on this forum earlier. Not sure, how big the scale but it is confirmed now. Please comment under this thread if you hear more news

How does everyone feel after Q1 globalcast? Better, worse, same as before?

I heard from my boss that more than 700 people from all GF sites are meeting at San Diego , California . Any idea behind the meeting ???!

You’ll find yourself jobless eventually. Global is below the headcount for tax incentives and this is the reason they’re converting contractors regardless of experience or qualification, they’re Bussing in new college graduates to fill roles that... — read more 

These 3 words are all you need to know about how people move ahead at GF

Im staying because this is a great company to work for. Too many pluses to list so lets hear from others why youre staying and loving the global lifestyle here in beautiful upstate ny.

Worked there 5 and 1/3 years. Left a year ago and am not aurprised by all the changes. Uses to witness gross neglect of wafer contamination. No one would ever own just how dirty the processes were in Fab 8. We would see contamination incoming on... — read more 

Why are you leaving/ left ?

Thoughts

Freescale Integrated Silicon Solution Altera Atmel Broadcom EZchip Semiconductor Hutchinson Mattson Omnivision PMC-Sierra KLA-Tencor Fairchild SanDisk and that's just in the last couple of years. Nearly 100 companies have closed fabs in the last 10... — read more 

https://blog.globalfoundries.com/executive-perspective-differentiation-drives-value-in-an-era-of-volatility/

Layoff was in June ( EF) , received the severance in August. Just received the Cobra Insurance info., We have to pay Global for the Ins ( Health and Dental, 1,360 a month for the 2 of Us. They should have just kept the severance pay.( glad We kept it... — read more 

See this link https://www.washingtonpost.com/business/2018/12/12/workers-are-ghosting-their-employers-like-bad-dates/

Due to the recent purges (layoffs) there is a steady end of year surge (quitting). Expect your inbox to fill with goodbye messages and comments like “connect on LinkedIn”. Once we get settled expect recruitment. It gets lonely in new places, the... — read more 

From what I understand, the attrition rate at Malta is 18% in the fab alone. I believe the exodus has begun and with the fact that virtually no one ever returns to GF after leaving, laying people off is no longer a viable solution (unless done so en... — read more 

Here's an interesting article from EE Times from 2012 - seems almost appropriate for what we have experienced over the past 6-9 months. https://www.eetimes.com/author.asp?section_id=36&doc_id=1266260&utm_source=eetimes&utm_medium=networksearch... — read more 

Any more word on any action happening on Monday? There was one post here but never seemed to be a follow up. Then I heard some people talking about it on Friday but they are big talkers and seem to be right more times than not but they've been wrong... — read more 

Ok valued GF workers. Lots of negative energy out there, but its no time to feel down, its time to pivot! Let's block out the bad, and take in the good!! GF is growing and expanding. Let's take a vote and tell us all what company should GF buy next... — read more 

Managers are targeted for next round of layoffs and are going on strike first week of December - friend is tech assistant to a director

The problem with GF is that they have been laying off their most experienced technologists based on pay and all they have left in increasing numbers are recent college grads who get promoted into principal engineer or management positions after only... — read more 

Next layoff is likely going to be February per rumors my friend, an executive admin, has heard. More cutting from the highly paid ranks of technical staff. Last time it was largely engineers and R&D, but this time it will be techs that are higher on... — read more 

No other semiconductor company is going to buy the Malta fab. I'm sure it has been for sale for quite a while. It's no secret the investors want it gone. If anyone stepped up and gave them even a fire-sale offer for the fab, Mubadala would take it in... — read more