Raises will hit for Level 1-5. Rumor is 5% immediately.
Job level 6 will get equity options that reach maturity in 2 years.
That is at least something for some people. For J6+ enjoy your raise in 2 years.
Because you know inflation only hit 1-5.
Most of the level 4/5 make what 6 make.
Once again GF hits the mark and slides to the wrong side.
Should be 5% across the board.
Pffff
@1gms drinks on you 🧉🙂
@3cfz 👋
One good thing about getting cheated out of my promotion this year.
Thanks, I guess? I am still leaving this shithole though.
congrats all... when L7-L9 got equity the share price was like $65 or something like that. Good for L6s if they get the same amount in $ (cue posts about how the stock will be worthless soon)
Straight to the point this time, no BS about subscribing to industry or regional data. I think they could have been more tactical with the raises instead of 5% across the board, but I guess they made it clear it's to fight inflation with some hint of it being a reward as well.
Ah what do you expect? Do honestly think the cream of the crop go to GF. No it’s the rejects and it applies to HR , legal , marketing etc. GLOBALFOUNDRIES is never anyones first choice for a job, ever! And the quality and talent particularly in the soft skill roles shows. It’s really just a bunch on inferior people
All those years of ignoring exit interviews and blaming it on disgruntled employees. HR leadership has never changed since the company was formed yet there is no consequences for incompetence. Is that person worth more than these great brains company lost ?
So much brain drain and no documentation. People are quitting for more than money. The atmosphere is toxic, GF has reached the point of no return, attrition is sentient and will continue infinity. 10 years to fix the issue and did not, now it's too late.
is everyone level 5 and below getting this one or 50% of the people like last time?
Yep.. got 2 - 5% adjustments and 7% raise.. Whoot!
A ton of retirements occurring on Thursday. A lot of people retiring freeing up some cap space! But def brain drain too.
I’d take the raise over equity. I’m curious if a raise will be tied to a time commitment..