Without the tax incentives from government, expect a huge layoff

You’ll find yourself jobless eventually. Global is below the headcount for tax incentives and this is the reason they’re converting contractors regardless of experience or qualification, they’re Bussing in new college graduates to fill roles that didn’t exist. Without the tax incentives from government, expect a huge layoff. Those that truly believe in globalfoundries should try and get 100 or so folks to join ASAP. March is the deadline, and GF can’t maintain headcount above 2400 with a end of year 23% attrition rate. Best of luck.

This is a repost from @XaUz8NR-zzp

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Does anyone even have any idea what the "jobs target" is or what the "date" is? I think not. This all looks like rampant speculation. The only jobs target I could find was 1,465 from the initial agreement which GF is well beyond that even with the large layoffs and mass exodus. The only "dated" agreement I could find was a 47-year property/sales tax agreement with Malta/Stillwater signed in 2012.

As the first responder asked, is there any links to these "agreements" where you can point us to?

(BTW, I am no GF fan and left a couple of months ago but still wish all my former colleagues well.)

The Boney Aliens have once again screwed everybody over. Hiring back anybody they can to increase head count to keep those tax breaks until it runs out this year. Desperate people came back just to bleed with the company until they will call it quits again when they get layed off. You have to be sad and desperate to go back to this dump do yourself a favor get out stop wasting your time beating a dead horse. You have now wasted time coming back here and displaced yourself again to be jobless and having to sit home looking for another job for months n months.

The 10-year tax incentive from NYS resets every time a new building (the exact stipulations I am unsure of i.e. square footage, building usage) is commissioned. At a minimum, GF has until 2024 with the aforementioned tax incentives because Phase 3 had tools in production no earlier than 2014. I am all for starting/spreading rumors, but do not think for one second that the corrupt NYS legislators would hesitate to line the pockets of major foreign owned corporations at the local taxpayers' expense.

If it was a numbers thing then GF could hire entry level people to do remedial task like data entry. There are no more layoffs. Just sit back and have the popcorn ready and I’ll try not to gloat.

Weren’t the tax incentives for 10 years, 2009-19 March; in which case GF doesn’t have to worry about headcount loss due to attrition.

This sounds interesting, is there any documentation to back it up or just more "rumours in the air"?

Thread regarding GlobalFoundries layoffs

Without the tax incentives from government, expect a huge layoff

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