Layoffs at Fab1 are coming. Managers are getting demoted and projects are being halted or being outsourced to Bangalore.

Has there been any news on when it'll continue?

https://seekingalpha.com/news/4455367-globalfoundries-to-invest-16b-in-us-to-boost-chip-manufacturing-packaging-prowess

Jus wondering if there has been any insight on quality of life over in NY Creates vs how we are in GF.

https://vtdigger.org/2025/05/27/trump-administration-cancels-nearly-24-million-semiconductor-grant-awarded-to-vermont-partnership-under-biden-era-program/

really excited to join the company in the summer but can’t help to be paranoid 24/7 over the economy and potential layoffs what are the chances my role gets cut before I’m even there?

The work-life balance here is nonexistent, but the worst part's that most people work after hours just to prove they’re working hard, even when there’s no real need. The whole atmosphere is so draining that it ki-ls any real motivation. At the end of... — read more 

I am thinking about working for GF in Austin. Please tell me it’s not as bad in the business roles.

https://www.reuters.com/technology/intel-cut-over-20-workforce-bloomberg-news-reports-2025-04-23/

With 21k set to be laid off at Intel, could be a flood of skilled semiconductor workers in the mix at GF for the future. This could impact whatever leverage the GF employee had during a worker shortage.

If not for attending the Malta promotion ceremony I would have no idea my coworkers were also promoted. Why is it a secret, promotions can be justified so it should be shared in email celebration to entire company.

Next will be teens. I would have never believed it. Tell me how we got here??

As of April 4, 2025, GlobalFoundries (GFS) has a P/E ratio of -83.33, which is lower than its last 12-month average P/E of 21.84, and a current ratio of 2.11 with a debt/equity ratio of 0.21.

I'm asking in regards to Fab 8 specifically. Conditions here are the worst I have ever seen, why are we not unionizing? Is anyone even interested in it or do we just collectively sigh and ingest the same PR garbage by the upline management and HR... — read more 

Trump tariffs live: US stocks plummet in after-hours trading as experts warn Americans could see higher costs https://www.theguardian.com/us-news/live/2025/apr/02/donald-trump-tariffs-trade-latest-live-us-politics-news

Which fabs do you think they will keep or move because they are redundant?

Devasted to have lost a high performer on my team

https://newsroom.intel.com/corporate/intel-appoints-lip-bu-tan-chief-executive-officer In a shocking turn of events, Intel has appointed Lip-Bu Tan as CEO — looks like TC will sadly have to settle for flipping burgers instead of running a tech... — read more 

It's that time of year again! Suggested format: Country Ladder (Manager, Engineer, Analyst, Tech) JL Rating Promo Stock AIP Merit

https://www.defenseworld.net/2025/03/01/globalfoundries-inc-nasdaqgfs-shares-sold-by-rhumbline-advisers.html Over the past two years, GlobalFoundries Inc. (NASDAQ: GFS) has experienced a significant decline in its stock price. The all-time high... — read more 

After Nov, Dec, Jan and Feb, taking a pause in March and a major one upcoming in April to quickly show results to shareholders for the new CEO.

This company is becoming one of the worst places to work—highly toxic, lacking professionalism, and negatively affecting employees’ mental health. There is no appreciation specially in Germany and the US, the company is saving money at the expense of... — read more 

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