another round happening in next couple of weeks as predicted by smart people on this forum earlier. Not sure, how big the scale but it is confirmed now. Please comment under this thread if you hear more news
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-1 day and counting...Another "confirmed" dead horse to beat....
Confirmed that we are -200 people away from target for tax incentives. Two things, if we don’t meet this there will be layoffs at Malta, and bonuses and raises will be impacted(hence not having rating and AIP at same time). Best of luck
with Fab3E sold (started as a rumor in Jun 18) ... G&A organization are now a big fat piece of meat...
rumor is another fab will be sold soon....
Most of the new hires though are for technicians, preferably with little to no experience to lower labor cost. I think this is just to fill the numbers to ensure NY State keeps subsidizing them based on employee numbers. The higher cost, experienced and qualified engineers have already been purged back in August. Right now typically a technician or janitorial background is all that is needed for an engineering position to keep costs minimal. Management of course continues as before. GF is recognized as an industrywide failure, a company that cannot deliver even when they have guaranteed customers.
There will be no layoffs at the Malta site. Rumors are site specific.
Hey @BigP (or is that BigR) been waiting for you to chime in. See you got yourself a new tag. Thanks for keepin' it real, bro.
Dont worry everyone there is no layoff and in fact we are hiring like crazy to prepare for the big ramp this year. I'm sure you heard the news that AMD signed a big wafer contract with GF fab8. Its sad that there are still angry people in this world who relish starting nasty rumors to satisfy their own jealous rages. These people really need to move on with their life and find a new job and just go away.
Heard something about IT team layoff in singapore which is surprising.
They can't shed the high paid employees as easily through attrition. Layoffs are needed for that. Especially now that the expectation has been set repeatedly that waiting for layoff will earn a huge severance package. Long tenure or band 10 and up (they get 4 weeks/yr) will think twice about leaving freely. I know many who waited till last summer, got hit, cashed in, had new jobs almost immediately after layoff, and banked $100-150k from the layoff. New hires are low dollar replacements in the areas that suffer constant attrition and not that relevant to the discussion.
Probably the same "smart" ones that predicted the multiple layoffs in November
How did you hear that this was confirmed? Malta and many other sites are posting tons of jobs everyday. They can shed any number of jobs they want to cut with attrition and avoid the costs of a layoff and the bad press. This doesnt make any sense and Ive not heard anything, not even a rumor.
Anybody got laid off in Fishkill recently? I heard there were layoffs there last week.