Thread regarding GlobalFoundries layoffs

They save money on severance by rehiring

They save money on severance by rehiring. If someone got 6 months severance on nov 28 and they go back now they have to repay the amount covering between now and may 28. Smart business for GF if they find someone desperate enough to work for free, help them keep ny tax breaks and save on unemployment insurance. No wonder they are planning ipo. Pivot thinking is groundbreaking.

Think that @XEHCYeW-2lhz worded it up real well, so I decided to repost this.

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| 1681 views | | 3 replies (last February 26, 2019) | Reply
Post ID: @OP+XGdlZMF

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Better to stay home till May 28th then reapply and come back with promotion and higher salary.

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Post ID: @5tsm+XGdlZMF

Who got 6 month severance on Nov 28? The "severance" ex post WARN was 1 (ONE!) week per year with a minimum of 4 weeks. Since we are coming past 10 weeks, this would be high level people and this board is filled with no high-level people being hired. Be consistent! (I won't even go into the tax breaks and UI things which is ridiculous)

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Post ID: @1wqe+XGdlZMF

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