Thread regarding GlobalFoundries layoffs

GlobalFoundries seeks annualized savings of $200M, cutting jobs

"GlobalFoundries CFO David Reeder said earlier this week during the company’s Q3 earnings call: "For the full year 2022, we now expect total gross CapEx to be between $3B and $3.3B, impacted primarily by the well-known delays in capital equipment. Despite the delay, we are on track to meet all of our material customer commitments for the year"

https://www.tipranks.com/news/the-fly/globalfoundries-seeks-annualized-savings-of-200m-cutting-jobs

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| 1291 views | | 1 reply (November 13, 2022) | Reply
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Yep, everyone already knows but welcome to the party.

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