Topics regarding layoffs at GlobalFoundries

Topics regarding layoffs at GlobalFoundries

GlobalFoundries has mastered small layoffs

Semiconductor is a volatile business where you must be prepared to move where the “biz iz. However GlobalFoundries lied to most of us failing to succeed in any node never moving from the “start-up” mode yet bleeding the locals dry with tax breaks and... — read more 

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| 1862 views | | 1 reply (August 27, 2018)
Post ID: @OP+URwmpQX

90 days severance: lump sum or biweekly?

I think the 1 week/yr will be in lump sum, but does anyone know if the 90 days severance will be in lump sum or paid bi-weekly like regular paychecks? what about the health insurance benefit, will it remain for another 90 days? Last question: those... — read more 

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| 1880 views | | 9 replies (last August 27, 2018)
Post ID: @OP+URYJbvc

We were just in the wrong industry...

Semiconductor industry, especially foundry, needs employee to work very hard to tune different conditions very carefully. TSMC is a good example, Samsung too. IBM is a bad example, now even Intel. Asians, especially from China and Korea, have... — read more 

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| 2851 views | | 8 replies (last August 27, 2018)
Post ID: @OP+UQ7sHMV

Drink that Orange Kool-Aid

I wonder how all those people who drank the orange kool-aid and uprooted their lives and family to move up to Clifton Park from East Fishkill are feeling about that decision now? Enjoy paying for that McMansion with no job. Sure, you can look for... — read more 

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| 2950 views | | 9 replies (last August 27, 2018)
Post ID: @OP+UPezlT9

bypassing WARN act?

How do they bypass NY WARN act? The law requires 90 day notice for layoff more than 250 people from a single site. I am fairly sure more than 250 will be impacted next week. Is it by giving 90 days severance pkg?

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| 4320 views | | 8 replies (last August 25, 2018)
Post ID: @OP+UO9VEsK

Be prepared!

It is no longer an "IF", the worst will happen Tuesday. Be prepared. Take home your personal items. Clear out your desk. If you haven't already, update your linkedin and resumes, start calling your network. The severance package may be better than... — read more 

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| 2470 views | | 7 replies (last August 25, 2018)
Post ID: @OP+UODzqUg

This Place No is Last

This place run by satanic bony aliens. I come here I waste my whole life.

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| 1150 views | | 3 replies (last August 23, 2018)
Post ID: @OP+UNW27Zt

1 round of layoffs complete, 2 more to go for 2018!

And I guarantee the high-level execs that put the company in this position won’t be losing a second of sleep over fear of losing their jobs. Keep telling us how well we’re doing as a company, Tommy boy, while you deliver the news of the next round of... — read more 

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| 2480 views | | 6 replies (last September 2, 2018)
Post ID: @OP+UNv43OC

To save us we must sacrifice some

The layoffs are being done to save the company. Hard decisions must be made, the ship is sinking and only limited life boats. We can all drown or we can save a great majority. Unfortunately there will be 3 layoffs in 2018, 2nd qtr, 3rd qtr, 4th... — read more 

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| 2770 views | | 8 replies (last August 23, 2018)
Post ID: @OP+UMDHRxJ

100%

I heard 100%

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| 1760 views | | 3 replies (last August 22, 2018)
Post ID: @OP+ULFIJRK

Shame on GlobalFoundries

Shame on GF. Attracts talented workers to a remore, God forsaken facility in the middle of nowhere only to lay them off a couple years later. A crime to lay off the older, experienced, dedicated workers since they want to work in that environment and... — read more 

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| 2130 views | | 1 reply (July 14, 2018)
Post ID: @OP+TY72i00

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