Thread regarding GlobalFoundries layoffs

Layoffs coming soon

Heard from the grapevines layoffs are coming soon. Talks on LRR and some folks already on their last days.


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| 205 views | | 18 replies (last 12 days ago) | Reply
Post ID: @OP+1m5bac5a1

18 replies (most recent on top)

@19j no you didn’t - you got a dog and pony show where 21B was mentioned. That money hasn’t moved yet. There is “an outline of a plan..” ;)

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Post ID: @1vf+1m5bac5a1

No layoffs. We are poised to overtake Intel

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Post ID: @1sn+1m5bac5a1

@1ht Fill PI? which PI team is pulling people?

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Post ID: @1jf+1m5bac5a1

Not likely, at least in Malta. Not with how aggressively they're pulling people from other departments to fill PI

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Post ID: @1ht+1m5bac5a1

We just got 21 billion dollars. It ain’t happening

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Post ID: @19j+1m5bac5a1

@14v is the month gap normal? What can possibly happen?

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Post ID: @15e+1m5bac5a1

@125 I think he mean a month gap

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Post ID: @14v+1m5bac5a1

@t6 what do you mean by 1 hr between the conversation?

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Post ID: @125+1m5bac5a1

I see the doom and gloom groups or person is back.

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Post ID: @ye+1m5bac5a1

There is an hour gap between manager assessments and employee conversation...

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Post ID: @t6+1m5bac5a1

I'd better hurry and see if Ben & Jerry's has any openings. I'm going to be a great-grandparent soon!

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Post ID: @qq+1m5bac5a1

LRR labor run rate. Why answer if you don’t know?

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Post ID: @q1+1m5bac5a1

High level director just went to Dresden for 2 years to avoid the layoffs and will be back when the construction completes.

There are no new manufacturing jobs for a few years, only massive union construction jobs that will soak up most of the money in no-show jobs and kickbacks.

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Post ID: @hr+1m5bac5a1

@e4 LIRR - Long Island rail road

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Post ID: @ew+1m5bac5a1

@cg

What is LRR?

In corporate governance, LRR stands for Laws, Rules, and Regulations. It refers to the internal compliance standard or risk framework used to track every legal obligation a company must follow.

The Connection to WARN Notices

When a company plans large-scale layoffs or plant closures, the specific LRR framework it must comply with is the federal Worker Adjustment and Retraining Notification (WARN) Act

That could be what LRR is. Then again, maybe it does mean Long Island Railroad. Hopefully it means the railroad thing and not the GF getting their legal ducks in a row before a WARN. They've done it before after a huge good news announcement.

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Post ID: @e4+1m5bac5a1

LRR? Long Island Rail Road?

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Post ID: @cg+1m5bac5a1

@af just wait..
Several high level are already packing up

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Post ID: @ca+1m5bac5a1

Nope we just 21billion

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Post ID: @af+1m5bac5a1

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