Seems we are seeing last batch of remaining talents moving in mass to IBM and Wolfspeed. This is not surprising as GF really does not need talent. New engineers from local state university should do the job well. What is worrying is that even local... — read more 

Were promotions a hit or miss for your team? It seems mixed as always. I thought some junior members on my team would get the bump, but it was all senior people going up another level. I think they still deserved it, though. Another case where a... — read more 

company said Tim Stone will not assume his duties as chief financial officer, and will leave the company effective today. The announcement comes just two months after the company said it appointed Stone as the new CFO, taking over for Dave Reeder who... — read more 

I know many of us hate GF as it has terrible, toxic and totally incompetent leadership every where from CEO to first line manager. My view is that with extreme competition in industry, it is better for best talents to be at those top companies like... — read more 

While rumors about layoffs are circulating, I hear from people that there will be no packages offered this time around. I don't really believe in that, but I'm wondering if anyone has more insights?

Seems we are reaching to point where GF IPO will be deemed failed.

GF is sinking because of wrong, boot lickers and incompetent leaders eating it daily. There was no reason for GF to sink this low. It was definitely avoidable. We all feel ashamed to tell outside that we are GF employees. Not sure how long company... — read more 

Seems this round will be mostly experienced expensive employees who could be replaced with trained newer employees. Still need 40% headcount reduction to meet benchmark financials.

With most of talent gone. GF has become a place where needy like me come to do something to get paid and go. No enthusiasm, no innovation, no creativity, no challenge.. Just a place for some of us who could not leave or need a place to earn for... — read more 

Seems Wolfspeed is in great momentum and absorbing the remaining good employees from GF

GlobalFoundries lands a Zacks Rank #5 (Strong Sell) at the moment given its downward earnings revisions. GlobalFoundries also earns an “F” grade for Value and a “D” for Momentum Style Scores system right now. It might be best for investors to look... — read more 

My 9 year career with Globalfoundries has come to an end. Leaving the semiconductor industry all together. Entering the pharmaceutical industry with a company that rhymes with Schmereneron. 😂 They are currently hiring for the “new” facility, if... — read more 

Dismal raises again this year at GF. 0-2.5% typically based on how well paid they think we are based on their imaginary salary bands compared against Walmart, etc.... What a joke!! I get we are in an economic downturn; however, inflation is still... — read more 

Although I hope that the rumors about layoffs that are circulating are not true, I am interested if there is any truth to them, and if so, how far from them are we?

$20M+ stock sold by TC in May/June, does it signal anything? https://www.theglobeandmail.com/investing/markets/stocks/GFS-Q/insiders/

So wait a minute, people lost their jobs because they didn't get vaccinated due to federal guidelines. But we're not going to celebrate Juneteenth? I got the only way to make sense of it is to understand that our DE&I lead is a white lady from... — read more 

New job offer accepted! Gave 2 weeks notice this morning. I’m leaving Malta in the rear view mirror. 😊

It is very unrealistic to happen, but in the hypothetical case that GF gives us the opportunity to leave voluntary, I wonder how many employees would stay here?

https://www-benzinga-com.cdn.ampproject.org/v/s/www.benzinga.com/amp/content/32857368?amp_js_v=0.1#webview=1&cap=swipe

Here we go again. Managers have been told to start looking at the books for anticipated head count reduction. I heard this directly from the source. Tired of it

Word down the grapevine is that more cost cuts need to be made to make up for energy consumption and there are too many technicians and engineers that only perform 1 task at the Malta site. This is not aligning with their new McKinsey High... — read more 

To all my homies on C-shift on this beautiful Saturday morning. Enjoy the next 10 hrs .. 😂 TC and I, are taking his brand new boat out and then going for steaks. His treat of course, with the recent windfall of cash from his stock cash out. I’ll talk... — read more 

Today was the best day I’ve had in a long while since I started with Globalfoundries over 5 years ago! Happy to announce I gave notice of my resignation. I had been actively job hunting since the last round of layoffs and received 2 offers. 1... — read more 

But not for American workers. France baby!! There is no significant investment in US operations. Only divestment! Thanks TC!!... — read more 

I hear that GF crossed the line and joined social justice warriors by insulting and shaming 99% of employees. In writing the company has told workers to stop using husband or wife along with a list of other shameful words. Not going over very well... — read more 

GF hit another low with recent departure of remaining competent leaders. Now all left starting GM to first level managers are junks, racists, bunch of jokes who never delivered even a small project in life. Amazes me why Mubadala not selling such an... — read more 

Hearing another layoff coming.

Lots of rumors that Niels Anderskouv was brought in to be the next CEO and replace TC as CEO. In addition, rumors floating around Reeder wanted to be CEO but was not given the position instead Anderskouv was and thus Reeder decided to leave. So... — read more 

Tune into the all hands this next week. We just finished the manager one and it maynot be layoff worthy but it is certainly indication of an exodus.

GF wastes so much money on projects like IT project Phoenix and development project Falcon, millions get put into these projects and nothing ever comes out for a return. Then the sponsoring execs like Reeder leave and the project gets cancelled... — read more 

So it’s been 5 months since I was laid off from GF after 11 years of service. I browse this forum from time to time, just out of curiosity. What is most striking, is that nothing has changed since the layoff for those people that remain. Same... — read more 

Rumor has it, there’s a civil lawsuit in Saratoga County involving a former GF manager, against a former Gf Director. Segsual Harassment and wrongful termination. Jury recently paneled..

TC dumped another $3M+ in stock options/RSUs recently, wonder if he is following Reeder and, on his way out soon?? https://www.theglobeandmail.com/investing/markets/stocks/GFS-Q/insiders/

Announcement: It is my 5th month away from GF. The sun is shining. I miss you, Daddy.

I know I shouldn't have any high hopes, but I would like to see improvements here. After all, I have worked in this company for too long and it used to be really nice to work here. I am thinking about what would be the best ways to improve this... — read more 

I don't know anyone who is happy working from office. Maybe GF wants us to start leaving in increasing numbers?

I felt like being in a cemetery today when walking through the office today. No positivity, no energy , no enthusiasm.. seems like no life left. I am planning to give two week notice and not sure that is giving me even more passive view. I saw one... — read more 

I was in NY when the company went public. TC talked to us and he was so condescending and rude. Then, after being completely rude, I had to take a picture with him while he stood on a box. I’m 6’2” and he had someone bring a box for him to stand next... — read more 

Hope this helps clean up dead woods and junks sitting all over management roles in GF.