Thread regarding GlobalFoundries layoffs

Another round of Payroll adjustments.

Just got “word” of another round of compensation adjustments due sometime in Q4. Let’s hope it’s better than the last round

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| 2272 views | | 16 replies (last October 6, 2022) | Reply
Post ID: @OP+1iwp9LyA

16 replies (most recent on top)

pretty sure TC said they were done with pay adjustments outside of the normal cycle

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Post ID: @yhqj+1iwp9LyA

@xmut+1iwp9LyA

So does that mean the strike/walk out is happening?

Damn it why couldn’t we have done this when weather was warm and nice!

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Post ID: @xsfg+1iwp9LyA

Confirmed. This adjustment was denied.

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Post ID: @xmut+1iwp9LyA

More and more leaving! Sadly too it’s the great engineers. The ones that go above and beyond.

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Post ID: @mfty+1iwp9LyA

And what about the walk out/strikes?? Any news?

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Post ID: @iwry+1iwp9LyA

Did this happen?

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Post ID: @itle+1iwp9LyA

Do the managers of the people leaving get dinged for their team members leaving? Does it reflect poorly on them and will it come up in their yearly review?

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Post ID: @djco+1iwp9LyA

Lot of great engineers leaving for greener pastures

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Post ID: @cytw+1iwp9LyA

I know of two people personally leaving this week.

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Post ID: @aqfr+1iwp9LyA

Attrition is so bad, even the low performers are leaving for higher paying positions.

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Post ID: @9bkq+1iwp9LyA

Let’s wait it out … hopefully it’s not peanuts … else u get monkeys

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Post ID: @9fdh+1iwp9LyA

In malta??

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Post ID: @5dbw+1iwp9LyA

Is this because of rumored strike/protest?

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Post ID: @4eei+1iwp9LyA

Yeah NCGs again, not like they need it.
And a round of those missed on the last cycle because we started hiring people in higher than people who had been here for years.
So now the employee who has been here gets bumped to match the new hire.
L6+ will get nada again even though inflation hit them too.
I am so glad my kid has got this school year left then we can leave this sh*thole.

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Post ID: @2fyn+1iwp9LyA

How about something for L6’s

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Post ID: @1xhl+1iwp9LyA

I’ll believe it when I see it.

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Post ID: @qmf+1iwp9LyA

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