Tune into the all hands this next week. We just finished the manager one and it maynot be layoff worthy but it is certainly indication of an exodus.

GF wastes so much money on projects like IT project Phoenix and development project Falcon, millions get put into these projects and nothing ever comes out for a return. Then the sponsoring execs like Reeder leave and the project gets cancelled... —  read more 

So it’s been 5 months since I was laid off from GF after 11 years of service. I browse this forum from time to time, just out of curiosity. What is most striking, is that nothing has changed since the layoff for those people that remain. Same... —  read more 

Rumor has it, there’s a civil lawsuit in Saratoga County involving a former GF manager, against a former Gf Director. Segsual Harassment and wrongful termination. Jury recently paneled..

TC dumped another $3M+ in stock options/RSUs recently, wonder if he is following Reeder and, on his way out soon?? https://www.theglobeandmail.com/investing/markets/stocks/GFS-Q/insiders/

Announcement: It is my 5th month away from GF. The sun is shining. I miss you, Daddy.

I know I shouldn't have any high hopes, but I would like to see improvements here. After all, I have worked in this company for too long and it used to be really nice to work here. I am thinking about what would be the best ways to improve this... —  read more 

I don't know anyone who is happy working from office. Maybe GF wants us to start leaving in increasing numbers?

I felt like being in a cemetery today when walking through the office today. No positivity, no energy , no enthusiasm.. seems like no life left. I am planning to give two week notice and not sure that is giving me even more passive view. I saw one... —  read more 

I was in NY when the company went public. TC talked to us and he was so condescending and rude. Then, after being completely rude, I had to take a picture with him while he stood on a box. I’m 6’2” and he had someone bring a box for him to stand next... —  read more 

Hope this helps clean up dead woods and junks sitting all over management roles in GF.

Dresden Union leaders asks TC the hard questions… inflation and no raises… Bravo! Unionize! It’s the only way for them to listen. It was so sensitive, that TC answered the question off camera. Thought we answered questions truthfully and... —  read more 

Wanted to share my story. I left GF recently after surviving multiple layoffs. I witnessed downfall of GF from Global payer with vision to be one of top foundries to third grade struggling local foundry with no vision, no roadmap and no edge. I... —  read more 

And there will likely be even less innovation in the future?

It seems that GF has decided that they won't be replacing our colleagues who left. It's been almost a year already. Isn't that extremely frustrating? Those who make decisions here probably expect that the remaining people will accept additional... —  read more 

https://fordauthority.com/2023/05/former-ford-cfo-tim-stone-heads-to-globalfoundries/amp/

I wonder how many people had no idea what Tom meant when the distinguished gentleman from Burlington stood up for Q/A. Does Tom not know that they cut YellowJacket out from the video release last time? Also, did they keep the Dresden question in or... —  read more 

Am I supposed to clap along while watching the globalcast recording? Or is that reserved for live audience only?

It was like a joke...

28% for GF vs >50% for the top foundries. Survival will be always at stake for any foundry like GF if there is no cutting edge tech to bring premium . Cost of doing business with mature technology has already proven to fail based on so many examples... —  read more 

And finally the rabbit is out of the hole. Reeder is leaving. No wonder he got rid of all the stock back in February because he knew the earnings were going to drop the stock is going to fall. It was a fantastic gig making 16 odd million in five... —  read more 

How is Ken McAvey and the fab 9 team doing? Burlington was a pretty old facility, what’s the future of 200 mm?

There was some talk a few weeks ago about another round of cuts in May, has there been anything new about it since then? We are well into May and it would be good to know if I am stressing over something that is not going to happen. I can do without... —  read more 

Peter B was brought to get GF Malta back on road and it did improve the longevity of GF which was going to close. With Peter departing and now new incompetent and failed person taking over his role, GF has clearly no future. I doubt it will survive... —  read more 

https://www.techpowerup.com/308219/globalfoundries-announces-new-general-manager-to-lead-malta-manufacturing-site

https://anysilicon.com/globalfoundries-downsizing-germany/ This was posted in another thread. Just sharing.

I don't remember that they ever made even the smallest attempt to fix some of the things that people were brutally honest about in the surveys. What then is their purpose? Most of us think that GF doesn't want to hear the truth, so why waste... —  read more 

If you are a night shift worker not interested in this new "high performance culture" that upper management is pushing that makes the workers take over jobs and tasks created by the end of the year 2023 layoffs without any monetary compensation. If... —  read more 

We’re sorry we can’t afford to pay you anymore. Also GF: Let’s buy remaining 800 acres in Luther Forest for $13M

If I could give a piece of advice now that I'm leaving feeling like I just wasted a few years here, it would definitely be to not expect too much from GF. Those who expect a great career, maybe it's better to start sending resumes to other... —  read more 

Appears that our new procurement and HR leaders are making quick work, laying off many. Their end dates are this week. Don’t believe me, see who is not here next week. Many band 11 & 10’s, which are public now, many of the individual... —  read more 

Revenue projections are down, another week, another lawsuit to take the attention off poor financials .... Who is next on the lawsuit list?? :-)

I refuse to believe that the leadership will take GF to the rock bottom with their actions, although it seems as if the future of this company is exactly like that. Does anyone else believe that there is still a way to save GF and that things will... —  read more 

https://www.nasdaq.com/press-release/globalfoundries-engineer-receives-$50000-award-for-groundbreaking-technology-advances

Another wasted Saturday in Malta AME while Engineering and Management enjoy their weekend. Instead here we are stuck in a continuous 12hr on 12 off loop of misery. It’s such a joke that even management and engineering isn’t required to be on site on... —  read more 

There are some rumors about layoffs, however, many people are leaving on their own. Even those who may not have intended to leave any time soon, they are being forced to do so because they are increasingly overwhelmed. I really don't know how much... —  read more 

Appears GF is queuing up another distraction right before Q1 earnings release 🤣🤣 iBM will bury them legally... —  read more 

Been at GF 7 1/2 grueling years, and never have I seen so many outsiders helping new/lost leaders make decisions for those of us that actually do the job? Why so many partners, this feels a lot like Mckensey Round 2. Not to mention, having a neck... —  read more 

I heard the Dresden layoff (if you want to call it that) is happening in April but also heard there is another global layoff coming in May where they are targeting getting rid of more fab site folks and accelerating ramping up in low-cost geos like... —  read more