Being paid for 3 months and not having to work. Collecting a big severance check after those 3 months. Collecting lump sum cash for Health benefits after those 3 months. Still being paid your AIP/QPB bonus and not having to work. .. —  read more 

Right before our earnings on 14 Feb. Reeder has been disposing his stock systematically since the first week of January. He has sold 117572 shares for a total of 6.6Mil. Everything is legal here but it does raise eyebrows if our earnings are going... —  read more 

Let's get real and straight talk about GF's past, present and future state. In 2021 and 2022 there was a huge shortage of semiconductors, we all know the automotive story on new cars in parking lots waiting for less than $5 chips before they could... —  read more 

I am an upper-level engineer at fab8 that gets pulled into a lot of things. Something I've noticed over the past 1.5-2 years is the lack of leadership in initiatives that come up. There is really no strong presence or driver in technical meetings... —  read more 

I just accepted a new job this week after being laid off from GlobalFoundries back in December! I don’t have anything bad to say about GF that hasn’t already been said here. 🤣 My experience at GF is similar to the majority of you. While it’s been... —  read more 

Please feedback any new add. Top post summary - GF round 1 layoff Q4,22 Globalfoundries is where the rejects, flunkies, castaways, untouchables and outright criminals go to when they have nowhere else to go, and all doors are closed to them... —  read more 

I finished another job interview last week and one of the question was - what made me stay in GF so long . I being one of level 9 employees who joined GF decade back when vision of this dying company was to become one of “the” foundries in the world... —  read more 

It is well known that GF is outsourcing many jobs, hopefully the US Govt gives them NOTHING from the US Chips Bill for this. If you look at the IP design organization, they have outsourced 95% or more of their design employees to India. If you look... —  read more 

With the coming 2nd round of layoffs in March, here is some useful information. Good Luck 250 or more Employees would trigger the NYS 90 day WARN Act. As of now, GF has not notified NYS, formally. You can can keep track as to If/when this happens... —  read more 

Heard from grapevine that smart CEO is considering another one in Q2. Let us be prepared and leave if possible.

After being laid off, I relaxed over the holiday and began my search on January 2nd. Just shy of 3 weeks later I am once again employed! I was surprised how active the job market is in the area, especially the Albany region. If you are looking to... —  read more 

Looks like somebody intentionally downvotes good info while up voting peppy junk. There are also weird personal attacks in the comments. Looks like HR found out about this forum LOL

https://www.apple.com/newsroom/2023/01/apple-unveils-macbook-pro-featuring-m2-pro-and-m2-max/

I was let go in December resource action. I’ve since been hired by another company. I’m still receiving my non-working notice paychecks from global. My question is will we still get the lump sump “cobra” payment at the end of 90 day? From what I can... —  read more 

I was laid off from GF after nearly a decade of service. This happened 2 weeks before Christmas 2022. For many years I watched as my coworkers came and went. I watched as multiple CEO’s dropped the proverbial ball. I experienced the frustration and... —  read more 

I think we should give minimum possible on every question this time. I bet they will still show it better than last time.

I wanted to share my experience after layoff while I am interviewing for jobs. In summary it is terrible to look for job after one is laid off as ever interview is starting with same question. One interviewer asked if I knew it was coming? I replied... —  read more 

Matter of time and how quickly the top 4 customers transition to 7 and 5 nm . Leave the he-l before it is bankrupt

Anyone noticed that some of the lickers that were laid off in one department are being re-hired by another?

Laid off in December with 90 days non working period pay, bonus, additional 3 months severance and also 7k cash payout to purchase health coverage after 90 day period. Officially hired elsewhere.. Double dipping on GlobalFoundries dime.. yep. The... —  read more 

Reeder disposes of 22k shares, Edelman disposes of 5.5k shares. Every insider is selling of their vested shares so much for the confidence in the company they run. Bunch of thugs... —  read more 

Replacing even the key staff is very slow. My colleague who was very skilled and did the most work has left a while ago, but there is still no one to replace him. The management doesn't know what it's doing. I'm curious about the average... —  read more 

History is proof. TC must be thinking of doing something like ebitda bull sh-t, feature rich, autonomous cars .. to create another good looking lie to confuse remaining of us so that he can keep selling shares at higher price if possible.

After cuts, it may be possible to overwork survivors, but not for long. I don't know what the management planned and why they thought it could be sustainable, but I'm almost sure that already overloaded employees won't be willing to pick up... —  read more 

The level 10 director of a team I worked closely with and respected suddenly resigned yesterday. It is very shocking to me, and I think it would be even more shocking for his team. I'm not sure if this is a layoff 2.0.

I think we are all left wondering if there is any future at GF? Personally, I feel strongly in the US/DRS/SGP there is no future. In the US, folks should stick around until mid-March 2023, get their AIP bonus and then leave. The future is very... —  read more 

Some of my former colleagues who were cut finally got relief, meanwhile here I am exposed to more stress than ever. Laying off as many employees as possible and overloading those who remain - how can that be a good strategy for the company's... —  read more 

MALTA - GlobalFoundries informed 221 employees at its Fab 8 computer chip factory and headquarters in Malta that they will lose their jobs in a company-wide layoff program that is impacting about 800 workers worldwide. The company is also putting... —  read more 

Do you have an interest or passion for semiconductors and technology? If so, you're invited to join us at our Semiconductor Professionals Networking Event! 👇 🗓️: Thursday, January 12th ⏰: 3:00 PM - 8:00 PM 📍: Marriott Albany (189 Wolf Rd, Albany, NY... —  read more 

I see people who have been with GF for years getting cut. But the new hires who are coming in are not nearly as qualified. This is causing a lot of problems for the company and making things more difficult for everyone involved. Sometimes it's... —  read more 

GF gave an across the board 5% increase to L1 though L5, and a long term RSU to 6 and above. They then turn around and cut their payroll/staff by…… yep 5%. They are not investing in Staffing or new/current Nodes. The CEO is dumping stock. They... —  read more 

GF’s revision and acceptance in its mission and vision statement that it does not want to compete with top tier foundries like TSMC, Intel and Samsung as it neither has talent nor finances to support the model was good self reflection but it failed... —  read more 

You better watch out You better not cry You better not pout I'm telling you why GlobalFoundries is laying off. They’re making a list They’re writing that check Picking who’s life they’re gonna wreck GlobalFoundries is laying off. They see you when... —  read more 

Chip manufacturing giant GlobalFoundries Inc. is cutting 50 workers based at its former headquarters in Santa Clara amid a slowdown in the semiconductor industry. The company, which goes by GF and is now based in New York, plans to lay off the... —  read more 

We will see more and more people announcing retirement in coming days as Volunteer separation package was offered to almost all in GF who are turning 55 . Heard it is 6 weeks package and in great demand as this is last chance to leave GF with some... —  read more 

There is no reason to wait for the next round of layoffs especially since we now have the luxury of looking while we still have a job. Not only does it look better on the resume, but that way we don't put ourselves in danger of depleting our... —  read more 

I'm feeling unmotivated and discouraged these days. With all the cuts happening, it's hard not to feel anxious about my own job security. They expect us to work harder than ever, but none of us can know how long it will be before we're let go. It... —  read more 

TC sold 250k shares November 11th at $64 per share, announced layoffs the following week. He downsized Malta workforce by >7% the week before Christmas. GF stock is now trading at $52. Oh and your raises are delayed until late 2023. Happy New Year! —  read more 

Some say January, but I don't buy that. The management needs more than a few weeks to see how things are working after the latest round and if they can even afford to cut any more employees without causing disruptions in work. I'm guessing maybe... —  read more 

Knowing I never have to step foot on a GF site again.