Thread regarding GlobalFoundries layoffs

GF: We need to lay off some people. Cost savings measures.

We’re sorry we can’t afford to pay you anymore.

Also GF: Let’s buy remaining 800 acres in Luther Forest for $13M

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| 1251 views | | 2 replies (last May 1, 2023) | Reply
Post ID: @OP+1mmjiyUR

2 replies (most recent on top)

Make more selling the property to housing developers.

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Post ID: @3zdf+1mmjiyUR

They bought the land not to expand but to try to sweeten the deal for a potential buyer of Malta fab. They'll still have to sell at rock bottom to dump Malta, but without land they couldn't sell at all.

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Post ID: @nad+1mmjiyUR

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