We will be punished for building the company to be able to go public. Despite COVID, record profits. This is the big thank you we heard about for years. Sad how this happens. Work every day through the entire epidemic for nothing.
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@2tbw+1jNO9rP5 I don’t think that’s likely, unfortunately. Although I do hope you are right.
I think they will look at spreadsheets and factor in rates of pay and roi. Those that sit around and do bare minimum (and earn respectively) will most likely go under radar. If you contribute a lot, but also earn a lot more, that will stick out to decision makers, especially if you aren’t DEI. They will want to break up your key role into little drone roles. Not saying it will work, but that’s where these peoples guts are.
Consider TTP when the company paid its most skilled employees to leave GF, then immediately scrambled to hire 100s of new grads.
Again, I hope I am wrong.
Doubtful - GF has an industry high attrition rate (20-30%) for a few years now. And before hiring freeze we were having a tremendous problem attracting talent to take a job at GF. No one wants to work for GF and so many were leaving on their own accord. They are desperate to keep meat in the seats. Therefore it will be higher salary individuals. 1 person vs 3 …. We need people to keep things running and progressing
@2tbw nice to dream
It's likely the low performers that will get the can. As much as I don't like the work being spread across the survivors, can't wait to see the dead weights in my team and management being walked out.
Tough decision
Reward for hard work, pick 1
A. Xmas party ❌
B. Olive oil ❌
- Layoff ✅
@1xnj+1jNO9rP5
Yes it’s were managers who were forced out or fired else where come because there is no other place to go. What upsets me the most is how everyone thinks what has been going at Globalfoundries is normal or happens at all companies. The terrible managers, toxic work environment, misleading career development, lack of raises, etc. And this is just not true. Sure small elements of those things exist at other places. But at Globalfoundries they run rampant and have grown to insufferable levels. Of all the places I have work in my career in semiconductors Globalfoundries is by far the worse. It’s not even close and it is not normal.
I believe it's the complete mismanagement of the company, not any investor. Even before we went public we had a constantly changing who's who of incompetent senior leadership, buoyed by their worthless sycophants. Add in ER's horrible HR policies and you get one colossal failure. Unfortunately, you and I are the one's who will suffer, and the clowns who caused this will laugh all the way to the bank.
Sheer greed by the investor.