Thread regarding GlobalFoundries layoffs

November raises

Can anyone confirm

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| 1733 views | | 8 replies (last November 17, 2021) | Reply
Post ID: @OP+1dPF2MDs

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@2gma
Q: "does anyone know which paycheck the raises are effective in?"

A: December 17th, 2021

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Post ID: @2smd+1dPF2MDs

does anyone know which paycheck the raises are effective in?

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Post ID: @2gma+1dPF2MDs

@1rvk yes, but when they do things like this, they do it with little transparency. Look at some of the posts here since news of it broke. People feel left out and are going nuclear.

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Post ID: @1kte+1dPF2MDs

@krn+1dPF2MDs
The criteria is retention. If you didn't get a raise there are 3 reasons

  1. your band is too high
  2. you're already paid at or above everyone at your level
  3. you were deemed expendable and not worth spending additional dollars to retain.
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Post ID: @1rvk+1dPF2MDs

@fpa+1dPF2MDs par for the course... don't expect anything less from GF. It's all the result of some calculation. How little can they do to get the max positive result

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Post ID: @zzj+1dPF2MDs

tip for anyone in GF management that might be reading this. Great, you decided to do something

here's an additional tip to reduce resentment from the 50% that didn't get raises -- be transparent about the criteria you used. That's both the data you used to determine who deserved a raise, and then the data you used to determine how much ("market" = local, industry or both?)

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Post ID: @krn+1dPF2MDs

They’re only giving it to certain people although every last one of us has faced sh---y raises since the inception of this sh-t ho-e.

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Post ID: @fpa+1dPF2MDs

50% of employees level 1 to 9 are receiving market adjusted raises. Or so I've heard. Talks should be happening for everyone this week. I know 4 people that have already been given theirs.

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Post ID: @owk+1dPF2MDs

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