Thread regarding GlobalFoundries layoffs

Is this our future?

A whole bunch of mini-layoffs that stay off the radar but make sure that none of us ever again have a day of peace here? Because if that's really the case, I'm finally done with this place. I'm even going to volunteer for a layoff, if need be. This is not good for our mental or emotional health.

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| 3491 views | | 11 replies (last December 28, 2020) | Reply
Post ID: @OP+17TTlQGx

11 replies (most recent on top)

Collect that ez stimulus from multiple countries to keep workers. Offshore everything because cheaper and everybody is distracted by COVID. ez money.

So far in the news they are doing PR runs with the locals in fab 8 and 9. Pittance money compared to the profit they are making by offshoring.

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Post ID: @Kciv+17TTlQGx

For Singapore site, those unable to return from Malaysia are asked to resign even though not all need to be back physically to work.

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Post ID: @Ejmt+17TTlQGx

In Malta? what site it's happening?

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Post ID: @Eeqa+17TTlQGx

4 members of team of 6 emailed resignations.

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Post ID: @Ebjm+17TTlQGx

Thus far, they've done whatever McKinsey prescribed, lets hope that won't become the new norm.
McKinsey advised Purdue Pharma, producer of O-yco–in, to give a rebate for every O-yco–in overdose, according to bankruptcy court, We know what did it do to Americans and, at the end, to this "business".
https://www.axios.com/mckinsey-purdue-o—id-overdoses-o-yco–in-4fd2d783-9fad-4527-8a14-613639cbd27b.html

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Post ID: @Brdf+17TTlQGx

Remember, this is a business and they have to do what's best for the business. You have to do what's best for YOU.

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Post ID: @kcpa+17TTlQGx

To @OP “I'm even going to volunteer for a layoff” –
why volunteer for layoff if they don’t give a d… about employees moral or company future but care only about collecting more stock options, whatever it takes, by laying-off people right in the middle of 2nd wave of COVID?
Both Parties now promised to punish companies that send jobs overseas. Worksmart – why won't you write a letter to your senator - (s)he has a right to know. Government subsidies paid by the taxpayers’ money, yours/ours taxes, and Not to offshore your/our jobs – this is why trying so hard to keep layoffs SILENT.

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Post ID: @bhq+17TTlQGx

why should they ask for volunteers ... attrition is always there ... and just a matter of time ... and for those who continues to linger on .. being asked to leave is the easiest option ...

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Post ID: @lwp+17TTlQGx

Why aren’t they asking for volunteers for layoffs???

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Post ID: @bxm+17TTlQGx

This place has way too much bloat. Especially in management. Seems if you can't do your job just apply for management.

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Post ID: @som+17TTlQGx

reorg are the norm ... mini layoffs seem to be gaining traction just before the close of the year... Cost over experience ...

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Post ID: @ejy+17TTlQGx

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