Topics regarding layoffs at GlobalFoundries

Topics regarding layoffs at GlobalFoundries

AIP Bonus Percent?

Do we know what the AIP bonus percent achieved value is for 2023 paying out in 2024?

AME Etch

AME Etch is the worst. I'm currently searching for a new job and have an interview lined up for next week. Wish me luck. I'm hoping to be able to give 2 weeks notice soon.

Globalfoundries to Chewy, interesting move - CFO

"PLANTATION, Fla.--(BUSINESS WIRE)-- Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted destination for pet parents and partners everywhere, announced today the appointment of David Reeder as Chief Financial Officer (CFO), effective February 14, 2024." .. — read more 

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| 1980 views | | 7 replies (last February 8, 2024)
Post ID: @OP+1qj7Hr2t

GF was dead the day it made decision to PIVOT 7nm

GF died 💀 the day when it accepted the defeat from technology development GF ☠️ died the day it licensed 14lpe ki-ling its own 14xm GF died the day it decided to close 7nm GF died the day it decided to close r and d to become a third tier... — read more 

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| 2320 views | | 7 replies (last January 14, 2024)
Post ID: @OP+1qfyNV47

Christmas Tradition

Merry Christmas GF from all of us that got laid off last year and I'm sure from the ones last week. A new holiday tradition from a company without morals.

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| 1760 views | | 4 replies (last December 26, 2023)
Post ID: @OP+1qelAJAL

Employee Stock Purchase Plan (ESPP)

Hello everyone, I'm preparing for an interview with GlobalFoundries, and I'm curious if anyone here has information regarding whether GF offers an Employee Stock Purchase Plan (ESPP). I'm keen to understand more about their benefits package and any... — read more 

Down votes

A poster claimed company about paid down voting. I do not usually post on these sites but needed co comment. I an a front end fab tech in fab 9 and have a close relationship with my manager. I mentioned this website and he said he knows, HR has... — read more 

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| 1920 views | | 9 replies (last December 27, 2023)
Post ID: @OP+1q6abtJu

GF tooting misleading awards

GlobalFoundries' flaunting of awards like the 'Handshake Award' and 'Workforce Innovation Award' raises questions about their true significance in a landscape devoid of comparable competition. A conversation with the CEO, emphasizing the need for... — read more 

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| 1130 views | | 3 replies (last December 17, 2023)
Post ID: @OP+1q5bIELG

New CFO

Welcome Mr Hollister direct from Silicon Labs!! Looks like he will fit right in with the SLT who are devaluing the company. Great pick TC..way to go! Silicon Labs quarterly revenue declined 24.5% year over year to $203.8 million, translating to... — read more 

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| 1720 views | | 6 replies (last December 27, 2023)
Post ID: @OP+1q4bXEGH

D-day ?

D-day tomorrow 12/12-12/13 in fab 9. Back end At least that's the current rumor Low moral and quiet. Hope this is just a rumor.

Industry layoffs surging

Broadcom, Qualcomm, OnSemi all announced major USA layoffs in the last couple months. Have to assume Malta and Burlington are next.

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| 1480 views | | 3 replies (last December 5, 2023)
Post ID: @OP+1pUq5mpy

Headcount Reduction December 13-15

I work in HR and had meetings this week about the upcoming headcount reduction. I got hired to help people not executives, I honestly don't care about the NDA they made me sign. Here is what I can tell you without giving away my... — read more 

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| 4210 views | | 20 replies (last December 21, 2023)
Post ID: @OP+1pQgKl4n

Knew it was coming.

Well, no big surprise here. Was informed this morning we are losing two of my direct reports within 4 weeks. We are still struggling with lack of resources from the last reduction. We've been authorized no backfill, not even contractors. It's mind... — read more 

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| 2050 views | | 4 replies (last November 25, 2023)
Post ID: @OP+1pKnDXeh

GF $1M Gift to HVCC

You probably read this on GF current. https://events.hvcc.edu/event/globalfoundries-gift-recognition-ceremony/ GlobalFoundries Gift Recognition Ceremony Wednesday, November 15, 2023 11:00 AM - 12:00 PM (ET) TEC-SMART 345 Hermes Road MaltaNY... — read more 

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| 1040 views | | 5 replies (last November 17, 2023)
Post ID: @OP+1pB2jWkT

Ohh it's our fault GF is floundering

"We're a consumer led spending industry. If the consumers (us peasants) are not going to take their disposable income and put it into more cars, more electronics, and smart phone refreshes, it's gonna delay us." Well, if I only had thought about... — read more 

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| 1630 views | | 7 replies (last December 19, 2023)
Post ID: @OP+1pw7tuLS

CEO on CNBC

TC seems to stutter a lot in this video, he isn't his smooth talking used car salesperson we are used to. If revenue won't increase until AI integrated heavily into consumer electronics that could be a while out and lean times until then. Doesn't... — read more 

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| 1060 views | | 3 replies (last November 19, 2023)
Post ID: @OP+1pv1TaeE

"Early Retirement" package.

I got called in for a meeting with my manager today to discuss the package GlobalFoundries offered. I was given a packet and a link to website with more details. If I'm interested, I'm to contact HR for more info. I was a little shocked as I'm only... — read more 

Geat earnings team $GFS

Congratulations to all the workers who made this happen and still employed at GF. https://www.barrons.com/articles/globalfoundries-earnings-stock-price-28554c72

Bankruptcy coming for GF. RIP GF

Heard GF is planning to file for bankruptcy soon. Not surprised, it has no where to go. With key players like TSMC, Intel and Samsung firing on all cylinders, this badly managed company kept going south since pivot. RIP GF

F8 HR

Never seen a group as incompetent!!! Been thinking it might improve after ER and the other guy left but not so.

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| 1080 views | | 4 replies (last October 30, 2023)
Post ID: @OP+1pkDzsXr

McKinsey take down

As many of you know McKinsey consultants are very active in advising the SLT leadership and management. Comedian John Oliver ran a piece on their activities last Sunday; https://m.youtube.com/watch?v=AiOUojVd6xQ Now whether you like John Oliver or... — read more 

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| 2530 views | | 4 replies (last October 27, 2023)
Post ID: @OP+1pfnSfaf

Deleted post ???

On 10/18 there was a post here about Glint survey time and posting low ratings about our leaders. By afternoon it was no longer available to read !! What's up with that?

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| 1130 views | | 5 replies (last October 25, 2023)
Post ID: @OP+1paY9jvI

$35M to accelerate GaN

There are many companies in the US doing GaN already so why is the US Govt giving funding to a company like GF where they outsource the majority of their employees? Most likely the $35M will be used for a few new tools in the Vermont fab and then... — read more 

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| 1280 views | | 6 replies (last October 31, 2023)
Post ID: @OP+1p9IO4sD

TC sold 31 million in shares in one month!

DR has been selling shares of global from January to September that have amounted to over 18,000,000. From May 25 2023 to June 26 2023 TC sold over 31,300,000 in shares! How ironic to have these posters of ethics week all over the building when... — read more 

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| 1730 views | | 17 replies (last October 24, 2023)
Post ID: @OP+1p8hZcsS

And they keep leaving....

Another one from AME Etch has left GF. At this rate, GF might not have to do another round of layoffs. It's petty but, it gives me great joy when I hear GF still su-ks. Lol

What is wrong with GF's SLT?

GF's Senior Leadership Team (SLT) is just horrible. Zero innovation, zero strategy, horrible at getting the team to execute, totally lost trust in them by all employees. What is the BoD/Investment company waiting for before pulling the plug on TC... — read more 

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| 2100 views | | 8 replies (last October 13, 2023)
Post ID: @OP+1oUUkCQV

M-day Video

Could the manufacturing day vid be any more cringeworthy?

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| 1000 views | | 2 replies (last September 30, 2023)
Post ID: @OP+1oQxQ4L7

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