GlobalFoundries Layoffs

Topics regarding layoffs at GlobalFoundries

More layoffs at GlobalFoundries?

Just when I thought we were past layoffs - at least for a while - new rumors have started circulating at the office that we might see some cuts before the end of the month. Does anybody here know more about this? I keep hoping it was just some wild... read more

Fireside Chat with BigPivot

Hiya guys, BigPivot here. I just wanted to reach out to all my GF colleagues, and departed alumni from times past to see how life was going after the Pivot. Miss you guys!! Here at GF we are really busy with the big ramp and all the hiring of new... read more

Another Mubadala investment liquidated at 80% loss

https://www.cnn.com/2019/03/08/business/chrysler-building-sale/index.html What an epic fail. Even GF should lose less than 80% when sale and liquidation completes. Proving once again that foolish princes and their sovereign wealth funds are soon... read more

Samsung/SK Hynix Acquisition

I don't know why this hasn't been covered as much in U.S. media, but this article from Korea talks about both Samsung and SK Hynix having interests in acquiring GF. Samsung's CEO went over to the UAE this week to meet the crown prince, and it is... read more

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... read more

Question for those who left on their own

If anybody who quit is still checking this forum - any regrets? Is the grass really greener? I'm really close to making the decision to leave myself, but I keep worrying that I'll be making a huge mistake.

Keeping costs low

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... read more
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Globalcast Q1

How does everyone feel after Q1 globalcast? Better, worse, same as before?

Big meeting at San Diego ??

I heard from my boss that more than 700 people from all GF sites are meeting at San Diego , California . Any idea behind the meeting ???!

Chief of Staff

These 3 words are all you need to know about how people move ahead at GF

Why are you staying / lovin it ?

Im staying because this is a great company to work for. Too many pluses to list so lets hear from others why youre staying and loving the global lifestyle here in beautiful upstate ny.

The self-serving nature of the people

Worked there 5 and 1/3 years. Left a year ago and am not aurprised by all the changes. Uses to witness gross neglect of wafer contamination. No one would ever own just how dirty the processes were in Fab 8. We would see contamination incoming on... read more

GF is just the latest in a long line

Freescale Integrated Silicon Solution Altera Atmel Broadcom EZchip Semiconductor Hutchinson Mattson Omnivision PMC-Sierra KLA-Tencor Fairchild SanDisk and that's just in the last couple of years. Nearly 100 companies have closed fabs in the last 10... read more

Cobra Insurance

Layoff was in June ( EF) , received the severance in August. Just received the Cobra Insurance info., We have to pay Global for the Ins ( Health and Dental, 1,360 a month for the 2 of Us. They should have just kept the severance pay.( glad We kept it... read more

End of year surge due to the purge

Due to the recent purges (layoffs) there is a steady end of year surge (quitting). Expect your inbox to fill with goodbye messages and comments like “connect on LinkedIn”. Once we get settled expect recruitment. It gets lonely in new places, the... read more

Attrition is Too High to Layoff

From what I understand, the attrition rate at Malta is 18% in the fab alone. I believe the exodus has begun and with the fact that virtually no one ever returns to GF after leaving, laying people off is no longer a viable solution (unless done so en... read more

Back to the Future?

Here's an interesting article from EE Times from 2012 - seems almost appropriate for what we have experienced over the past 6-9 months. https://www.eetimes.com/author.asp?section_id=36&doc_id=1266260&utm_source=eetimes&utm_medium=networksearch... read more

Any word on Monday?

Any more word on any action happening on Monday? There was one post here but never seemed to be a follow up. Then I heard some people talking about it on Friday but they are big talkers and seem to be right more times than not but they've been wrong... read more

Positive Energy Redux! Who will GF aquire next?

Ok valued GF workers. Lots of negative energy out there, but its no time to feel down, its time to pivot! Let's block out the bad, and take in the good!! GF is growing and expanding. Let's take a vote and tell us all what company should GF buy next... read more

Rumored manager strike coming

Managers are targeted for next round of layoffs and are going on strike first week of December - friend is tech assistant to a director

Getting rid of the most experienced workers

The problem with GF is that they have been laying off their most experienced technologists based on pay and all they have left in increasing numbers are recent college grads who get promoted into principal engineer or management positions after only... read more

Next round of layoffs

Next layoff is likely going to be February per rumors my friend, an executive admin, has heard. More cutting from the highly paid ranks of technical staff. Last time it was largely engineers and R&D, but this time it will be techs that are higher on... read more

No one is going to buy the Malta fab

No other semiconductor company is going to buy the Malta fab. I'm sure it has been for sale for quite a while. It's no secret the investors want it gone. If anyone stepped up and gave them even a fire-sale offer for the fab, Mubadala would take it in... read more

The numbers just don't work

What it looks like to most of the semiconductor world is that 2018 is "peak revenue" year for Fab8. It will never, ever generate as much revenue as it does this year. With no new technology on the horizon, and the key 14LPP customer moving to TSMC... read more

SCG moving to a new location

just read long boring email from BB, I was out of town and looks like tommy boy announced, in his TH last week, moving SCG to a new location. Any ideas, where to be exact, some rumors are that the old Milpitas building is being renovated for the... read more

The untouchable executives

The frustrating thing is there are no consequences of their (executives) failures 'for themselves' ... it's always the little guys that pay the price through layoffs... even if they ever get touched, they will be sent out with million dollar... read more

Stop bashing those who stayed

People who stay do so for a variety of reasons: it's not just the inability to find another position FOR YOURSELF. It could be a spouse's job, elder care obligations or an immigration status. Some people outright decided not to do job search right... read more

People who left after the layoff

Does anyone have an idea of how many employees have left that were not cut? It seems like the parking lot in malta gets less crowded by the week.

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