Thread regarding GlobalFoundries layoffs

What are they thinking?

With most of the old-timers laid off, do they really think they can run this company with only millennials? Half of who don't even plan on staying longer than a year or two as it is?

What kind of business strategy is that? Get rid of all the experience and knowledge, than wing it?

This really makes me angry.

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| 1731 views | | 5 replies (last September 22, 2018) | Reply
Post ID: @OP+Vf7dEmQ

5 replies (most recent on top)

Most experienced staff who did the heavy lifting got walked out due to seniority/pay. GF wants to minimize labor costs and is therefore focusing on recent colleges graduates to staff their engineering ranks. With the recent layoffs, GF eviscearted itself letting go their best technologists, including those they absorbed from IBM. The reason GF can’t even hold on to the millennials is not a generational issue in this case. It is just a simple matter of people leaving te Titanic, so you can’t fault them for that.

GF is a failure across the board, starting with execution and now with lack of technical experience and know how.

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Post ID: @2fur+Vf7dEmQ

Agree - can't blame all millennials for "enjoying moving on every couple of years". How many H1 visa holders have been sacked now? They are millenials who's been taught the lifelong lesson - some friends of mine were among this group.

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Post ID: @1tap+Vf7dEmQ

So sick of people bundling millenials together and assuming they have little work ethic, cant get things done, and that they enjoy moving every couple of years. Seriously, they want what anyone else wants:

https://www.google.com/amp/s/m.huffpost.com/us/entry/us_58af42e6e4b0e5fdf6196f87/amp

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Post ID: @1dwx+Vf7dEmQ

White simple:

They continue to make in a month more than any of "old timer experts" they've laid off would've made in a year! With such stellar records of running two companies to the ground - where else they will be able to collect such pay checks?

Everybody else - just a colleteral damage they don't give a ... about.

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Post ID: @wdi+Vf7dEmQ

Gary, DK and almost all of the managers are still here. What more do you need?

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Post ID: @lic+Vf7dEmQ

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