Thread regarding GlobalFoundries layoffs

Are layoffs happening any time soon?

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| 1801 views | | 8 replies (last July 30, 2023) | Reply
Post ID: @OP+1nPoxaHq

8 replies (most recent on top)

Chaos everywhere in GF.

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Post ID: @2ytm+1nPoxaHq

Is there really no layoff packages this round?

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Post ID: @2ber+1nPoxaHq

There is no need for a layoff, the attrition is so high it is taking care of the numbers without having to offer layoff packages. The execs have the morale so bad around here people are leaving on their own. Promos with 0% raises what a joke!!

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Post ID: @1ena+1nPoxaHq

Unfortunately, yes.

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Post ID: @cxx+1nPoxaHq

Look at morale, energy, motivation , loading and forecast. Things are gone south everywhere. Run 🏃‍♀️
Do you see a single competent person at any level?

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Post ID: @wtz+1nPoxaHq

Yes it’s coming and no packages this time around

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Post ID: @xac+1nPoxaHq

No. Attrition still too high. But that is what they wanted.

You wanna be real mad? Ask an intern how much they make per hour.

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Post ID: @iss+1nPoxaHq

Yeah it is coming. Better jump the ship while it is still afloat. We will not have much time if we wait.
GF has all reasons to go outsource to cheap locations to have cost pressure alleviation while running mature tech. There is no advance node in plan so running more and cheaper will not require talent. Simple high school grads will be able to do the job. Probably good place for rejects, incompetent ones and those who can not find job elsewhere.

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Post ID: @qkd+1nPoxaHq

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