https://semiwiki.com/semiconductor-services/semiconductor-advisors/353373-chips-act-dies-because-employees-are-fired-nist-chips-people-are-probationary/

What do we think the long-term plan will be for GF. Originally Mubadala wanted GF to supplement its income as its oil fields dried up and/or the demand for oil went down significantly. No idea about the projection of their oil fields but the demand... — read more 

If true, I extend my deepest sympathies to Intel employees. https://www.tomshardware.com/tech-industry/intels-vacant-ceo-spot-rumored-to-be-filled-by-toms-caulfield-abrupt-globalfoundries-shakeup-sparks-speculation

Good work you guys!

Please keep your calendar free as we coronate our new CEO in the year of the snake 🐍

Heads up, they are going to be pulling out of fab times at the end of each quarter. It's part of the manager KPI now.

CEO paints rosy picture layoffs continue

https://www-cnbc-com.cdn.ampproject.org/c/s/www.cnbc.com/amp/2025/01/16/tsmc-fourth-quarter-profit-beats-expectations-on-strong-ai-chip-demand.html and GF is keep pivoting. :))))))))))))))))))))))))))))))))))))))))))))))))))))))))

previous Lay off 7nm development team (no Future) Now, Layoff reliability team (no automotive) GF is done

A 20% headcount reduction in Design Enablement and DTCO has been confirmed. The affected employees will be informed soon.

3 people were just walked out off the test floor this morning.

How does this even work? I saw a LinkedIn post that someone in Bangalore was hired for that. How does this even work? Does anyone have to deal with such an arrangement?

Hard for stakeholders to have money in company with stock down 20% below IPO. Come Jan 15, expect crash

n/m

I'm hearing multiple JL10+ DMTS level (and higher) technical folks were let go in early Dec 2024. For a company that is struggling to find its differentiation getting rid of your innovation folks makes zero sense. Yes, they get paid more but they... — read more 

TC will be awarded! Thank you and we look forward to 2025. Go GF!

Intel locks down $7.86B in funding from US CHIPS Act Outgoing administration rushes to allocate money ahead of Inauguration Day https://www.theregister.com/2024/11/26/intel_chips_act_funding/?td=keepreading

n/m

Negotiate band, not base pay. Lay offs are focused on high base pay by band. At your next promo, push band, not base. You want to be low base and high band, to stay off the Breene radar. Or unionize, but that is not getting any traction. — read more 

Making huge huge money on Stock except for my own company’s junk shares. Everything going up except GF! 😂

When is the board going to finally fire our stupid a$$ CEO? It wi be too late when the stock is $0 and we are all layed off.

Now that we had a good quarter and the stock has finally gone up, watch out! GF loves to layoff when things are good.

GF fined $500,000 for restricted chip exports to China... — read more 

In a statement, the Commerce Department said GlobalFoundries sent 74 shipments worth $17.1 million to SJ Semiconductor, an affiliate of SMIC, without seeking a license

I along with many others own a substantial portion of gf share. Sure they were discounted but what is the plan for growth? Any insight would be great!

Super Micro shares plunge 30% as auditor resigns after raising concerns months earlier https://www.cnbc.com/2024/10/30/super-micro-auditor-resigns-after-raising-concerns-months-earlier.html

Should this concern us? What will GF’s numbers look like? If bad what steps will be taken?

GaN is a bright spot. Will Fab 9 expand? Double in size?? They do have plenty of mfg space to utilize! Very promising and exciting times in BTV.

Just like in the past, layoffs will once again occur in the midst of the holidays. it's nothing personal, just closing out the quarter.

At least we tried our best. We could not control external factors that led to our demise. We will be known in history as fighters who fought well though before extinction.

https://www.insidermonkey.com/blog/globalfoundries-inc-gfs-worst-performing-nasdaq-stock-in-2024-1376692/ GlobalFoundries (GFS) is facing significant challenges, evident in its nearly 30% decline in 2024. A key issue is its failure to capitalize on... — read more 

ASML shares plunged 15.7% on Tuesday, the worst drop since the chipmaker went public in 2002, after an early earnings release revealed a lowered sales outlook for... — read more 

Wow….. I don’t think they violated any rules? What gives?

Unionizing can offer several potential benefits to workers, including: Collective Bargaining: Workers in a union can negotiate as a group with their employer for better wages, benefits, and working conditions. This collective power often results... — read more 

To the person who told me to go find a new job if I’m so unhappy- thank you. I just got hired with another manufacturing company in the area for a 53% pay increase. Benefits are extremely comparable. Thank you again for the advice. If no one... — read more 

Unions!

Port strikers won. 63% wage increase over 4 years and guaranteed to not automate their jobs away. Interesting how they came up with an average of $22 an hour increase when people got together. Hmmmmm interesting

It amazes me that people come here to talk about the problems at GloFo so that it may get better for all of us, and they’re met with disrespect and criticism. The point is simply to acknowledge that pay does not seem competitive so that we may... — read more