Thread regarding GlobalFoundries layoffs

@1ooz+1jQRsneX
I hope McKinsey gets sued again and loses. They don't like it when you tell the truth. They're all @$$fu----s. Their job is to make lives miserable, upend people's lives, and at any cost, except for the ones lining their pockets. They have a culture of corruption. Look at what McKinsey did with the opoid crisis. They are the epitome of the love of money- an EVIL empire of corporate greed. They need to be regulated.
Excerpt:
In its highest-profile scandal, McKinsey in November 2021 agreed to pay nearly $600 million to settle investigations into its role helping “turbocharge” opi--d sales that the authors noted followed support of tobacco and vaping firms.
https://retailwire.com/discussion/has-mckinsey-given-the-consulting-industry-a-black-eye/#:~:text=In%20its%20highest%2Dprofile%20scandal,of%20tobacco%20and%20vaping%20firms.

Wow, 33 thumbs down to this post! Looks like the poster hit the mail on The head so hard that McKinsey / GF HR / SLT and their G10+ boot lickers have all attacked the post with their thumbs down!!
Happy thanksgiving boys and girls and don’t forget one GF!!!

Do they work remotely? I can’t imagine them living in Malta

McKinsey, it's such a scam, they come in as highly paid consultant than GF spend even more money to hire their consultants permanently, who then sit around and do what, hire more consultants from McKinsey.

@1anp+1jQRsneX

Enjoy your severance.

We are paying millions to McKinsey just to have them tell us about downsizing and offshore. Easy money.

You can spot them from a mile away. They don't actually engage with any statistics or provable information. It's all ad hominem and anecdotal "lived" experience.

The data is crystal clear that union workers ,as a majority, enjoy better wages, insurance, job security, and direct influence on the direction of the company. Any and all anons in this forum that say otherwise, without explicitly stating their reasoning for the disagreement, should be assumed trolls or company sponsored agent provocateurs and ignored.

Amazon contacted the local ordinance to change the timing of traffic lights outside their plant to discourage those striking from conversing with those waiting in their vehicles.

Destabilizing an online layoff forum that workers, investors and market analysts use daily should be an assumed target for corporate sabotage.

@wrf thanks for highlighting that. As you read, my comment was US-centric but all 1st world sites have different levels of risk and some have fallen victim already.

A lot of omegas strutting around these threads promoting unions, because they are so insecure of themselves and the work that “they” do. Reminds me of that GE commercial where the dad asks his son if he even knows how to use his grandfather’s hammer.

Those are the real soy boys.

GF has many ex-McKinsey folks on staff and some work directly for Mubadala (Tim Breen as one example). The direction of the company is to outsource/offshore whatever you want to call it but minimizing the staff in places like US/DRS/SGP and maximizing the staff in places like Bangalore and Bulgaria to the point where maybe 70% non-required in fab folks are in low-cost geos and maybe 10% of R&D, etc in the actual fab sites left behind to babysit the low-cost geos. The Design Enablement (aka PDK group) in GF has been doing this for years. Yes, the low-cost sites produce their parts/pieces but with little to no innovation in them, however, they still produce them and give the customers something. The problem with this strategy is look at where any of GF's innovation is coming from, not the low-cost geos (majority are new hires), once the US/SGP/DRS folks are minimized the innovation will die at GF and then GF becomes another bottom feeder company. If someone is not in the fab at one of the fab locations there is no reason to stay at GF (US/DRS/SGP) because they will have no long-term career, jump ship to a higher paying company which many are already or are planning to do. Don't stick around and train the offshore/outsource folks in low-cost geos, let the company sink with their decision!! The writing is on the wall for non-fab folks, if you work in US/DRS/SGP sites leave GF or they will use you to train low-cost geo people and then discard you once they no longer need you.

McKinsey and HR are active on here to disrupt conversation

Offshoring has already been going on. That is essentially what Worksmart was. They did quiet layoffs and replaced those people with staff in Bulgaria. The French office/site was completely shuttered and replaced with Bulgaria and Bangalore personnel. So not just impacting US based sites but other sites in higher salary paying countries.

So, first, let's differentiate between offshoring and outsourcing. Offshoring is usually easier to sell to the existing base. They'll claim there's no risk or plans to cut existing jobs, but to remain stable they need to do it to offset costs. They'll also try to integrate the offshore employees with existing teams, reporting to the same manager, attending the same meetings etc. They might even ship the offshored workers stateside for a couple of months to train and develop rapport with US workers. They go back. Then eventually they will reorg to an offshore manager, but still perform the same tasks. Their team grows while your team stays the same size if you're lucky, or in worse cases suffers from attrition with no help. Then times get tough and it's clear they lied or told half-truths all along.