Everyone seems to be very down.
12 replies (most recent on top)
Basically, most financial metrics including revenue down -10% aprox comparing 2Q 2024 vs. 2Q 2023. Somehow GF lowered their targets and beat them. Not sure why the analysts let them get away with low ball targets. However, you spin 2Q 2024 results for GF, it is only putting lipstick on a pig. Reductions in YoY revenue of aprox -10% are not the right direction for the company, this is a sinking ship for sure!!
CEO change?
@wtg+1 ... If RT became CEO the company would sink even faster. He has done NOTHING for GF except take about any differentiation we had by selling TB who in turn pulls TC's strings to outsource anything/everything possible to low-cost geo newbies. But don't worry as GF collapses RT, TB and TC will all walk away rich people while the average employee loses his/her job!!
We are in big big trouble I would say prepare but it’s too late
Say Hi to the new CEO, Richard T. The mastermind of cost saving!
@trn+1tRCVUmG
Worry only cause you stress and health. Keep resume updated in LinkedIn and prepare to accept offer.
I was told by leadership not to worry. Anything that happens is beyond my control. What h@#% does that mean?
Great lesson for interns
There's already a shortage of empty boxes to carry your stuff home.
10% to 20% layoffs in the works
There is talk the stock will be in the low $30 after earning.
muahahaha, there's bad (INTC) then there's real bad (GFS).