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 

How are things looking on layoffs?

GlobalFoundries has announced a new student loan repayment program to help employees pay off their debt. This is a positive step, but some employees are wondering if it's enough to address the underlying issues that are causing them to leave the... — read more 

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 

"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 

[YouTube Video] Speaking with Tom Caulfield, CEO of GlobalFoundries about how the company is navigating the industry in new Al world, what it's doing with Al, and where those EUV machines went that they used to have. [00:00] GTS 2023 [00:34] How's... — read more 

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 

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 

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

Got word Friday afternoon for an upcoming headcount review and alignment prior to Q1 2204. Get ready, it's coming.

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

Link to article Occurred at Fab7 Singapore https://www.cpib.gov.sg/press-room/press-releases/190722-four-former/

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

Check your 401K account Now

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 

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?

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 

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 

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

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 

Could the manufacturing day vid be any more cringeworthy?

Right at holidays last year big rif, is it coming again???

Any news?

More GF investment but not for US workers. Thanks Tom https://www.bloomberg.com/news/articles/2023-09-28/globalfoundries-to-invest-8-billion-in-dresden-plant-hb-says

Malta is an unsafe environment. It also maintains a toxic culture. https://www.timesunion.com/business/article/globalfoundries-fined-22k-worker-electrocuted-18389091.php

Hi fab 9ers in Malta we are hearing rumors that Jack Chen is there with HR rep in tow having meetings about saying byby to test. Any truth to these rumors???

More US jobs will be eliminated. Thanks Tom! https://www.freemalaysiatoday.com/category/business/2023/09/26/globalfoundries-to-remote-control-factories-worldwide-from-new-penang-facility/

New DOD contract and understaffed post layoffs and attrition. Have fun bringing those tools out of idle boys... lol

TB taking over for COO, fabs should get ready

Any news on layoffs for Q4 23?

It's been about 9 months since I departed GF. Laid off back in December with a decent package. I was lucky and found another job in the Albany area rather quickly and life has gone on. Decided to come back here and see what's going on these days with... — read more 

GF is nearing its end. No cutting edge tech to support, empty fabs and incompetent management team who are rotten and failed guys. I am leaving this place finally next week. So happy.

https://www.msn.com/en-us/money/companies/uaw-strike-2023-against-detroit-automakers-live-updates-news-from-the-picket-sites/ar-AA1gKrbd

https://www.reuters.com/technology/globalfoundries-opens-4-billion-singapore-fabrication-plant-2023-09-12/

(From nlrb.gov) Examples of employer conduct that violates the law: Threatening employees with loss of jobs or benefits if they join or vote for a union or engage in protected concerted activity. Threatening to close the plant if employees... — read more 

With compute and mobile in slowdown, GF is already dying. Recent SMIC news is last nail in GF’s coffin. It was hard for GF to survive after it’s decision to pivot.

From what I'm seeing in organizations around me the attrition seems to be at an all-time high here at GF. The HR puppet can try to massage the numbers previously and use some four-year average which was the best data she could find but I'm betting... — read more 

GF pivoted 5 years ago, and has been downhill since. Lost good people, lost some operations, lost big customers, and failed with derivatives play. Yes but it was able to carry out DEI, advance many women to senior leadership roles, maintain the same... — read more