At first I thought it was just me and that I needed some time to adapt to my new job's environment. But no, as time goes on, it is becoming increasingly clear to me that this place is simply toxic. Has it always been like this?
Attrition numbers?
Hey, There was a post on here earlier today mention attrition numbers …. It’s gone now. Why? And can someone quote those values again Thanks
Samsung is holding a job fair locally
Received an email from them. No details other than the planned dates (June 2nd to June 4th)
Now this!!!
https://www.cnbc.com/video/2022/05/11/globalfoundries-ceo-says-company-is-ready-to-do-its-part-to-increase-uss-chip-production.html If you read between the lines the company is ready to do it if they get money not like our competitors who are... — read more
IT issues
I like how there is an equal amount of GC questions about IT issues and wages. Who is enjoying Microsoft 365? Talk about a terrible decision. Whose idea was it to switch to Microsoft? Some consultant? Which? Are we still paying them? Are they the... — read more
Unionize
Almost a quarter of a billion dollars in profit for 1Q, but no money for raises? What bu-----t. At what point do people start to organize? If Starbucks and Amazon employees can do it, why not GF? Germany has strong workers rights compared to the... — read more
Manager survey
Let’s just run a survey to evaluate if your manager is good or worthless. Use the up arrow for good and down for bad. We will atleast have a cumulative data of overall quality of manager
Why are there so many inflated egos among managers here?
It doesn’t matter how hard you work as long as you manage to feed your manager’s inflated ego. However, since I’m not a person who wants to play games like that, my manager will always find some objection to my work. On the other hand, I really... — read more
Rewards team bags most innovative plan design - another joke
So GF bags another award - “Congratulations AP, CB and the rest of the GlobalFoundries total rewards team for your 2022 Global Equity Organization award in the coveted "Most Innovative Plan Design" category. I just don’t get it in which parallel... — read more
Another spinning of truth
https://www.bizjournals.com/albany/news/2022/05/02/globalfoundries-wins-department-defense-contract.html The contract award might be true but it is not because of the contract that 45 nm will move to Malta but mainly because of EFK being sold to... — read more
Trouble I have with GF and why I called quits
Transparency - with my present company it is very clear on what products we are working on. There is a clear guidance on goals that flow down but at GF there is a complete disconnect on how the goals information flows and it completely changes... — read more
New hires are only slightly less paid
I was actually glad to learn that new hire has almost the same salary as me, even though I've been loyal to GF for years. But on the other hand, isn't it a little humiliating when they equate someone who has just arrived and who has almost no... — read more
Future of GF
A deja vu moment. Remember when chuck shumer talked about Saratoga chips https://semiwiki.com/semiconductor-manufacturers/296139-the-globalfoundries-impending-ipo/ Maybe he knew something then of what was happening in EFK and was already predicting... — read more
Second factory details
High attrition = second factory If the news is correct it seems there is a big disconnect in the priorities at top... — read more
Salary gaps getting ridiculous… ask your next NCG how much they were offered.
The 'Great Resignation' is creating massive pay disparities between new hires and current employees at tech firms like Google and Amazon, sparking tensions on teams and a ripple effect of... — read more
Saratoga covid 18% positivity
It's time to WFH to limit body's in building
Is it a joke?
Guess what for GEO's 23rd Annual Conference (https://www.globalequity.org/geo/Annual2022) GF has a speaker talking at the session Facing the Future: Face to Face on "Keeping Talent from Walking Away with Equity Compensation". This coming from a... — read more
GFS stock went up for no reason and plunged now with lock up period ending soon
Any observations or rationals behind GFS quick rise and fall? Felt more like speculation earlier on and lost steam when the short ratio went up to 20% of floating shares.
Fairygodboss Summit
We invite you to join us next week, April 13, at the Fairygodboss Inspiration Summit! Don't miss GF SVP & CHRO Emily Reilly's keynote on "Achieving Personal Empowerment." For more info & to register: https://loom.ly/fMpgXas
US senate commerce committee
So much for being in the new inviting Gina Raimondo, etc… looks like TC barey made any impact on them. They all dissed him and din not invite him for testimony... — read more
Attrition keeps getting worse
I don't see any need for layoffs any time soon. We're losing more than enough employees through attrition.
2022 Sustainability leader
Another free ice cream opportunity GlobalFoundries Named 2022 Sustainability Leader by Casella Waste Systems, Inc.. Proud of GF for making strides towards a goal of zero waste to landfill!
Disliked Prudential, Empower even worse
Any update on moving back to Fidelity ? When companies give substandard employee benefit support in order to maximize their balance sheet, it never turns out well for the company and worse for the employees.
Fab 8 Warmdown Recovery
What a shitshow. Ops director running around the floor yelling at people this morning like the techs are the ones keeping the fab down. Maybe we should have had our warmdown before gutting IT last year?
ARTICLE: This Is Why the TSMC Juggernaut Shows No Signs of Slowing
"For the March quarter, it brought in $4,650 for every 12-inch wafer it churned out for customers. That’s 10% higher than the prior quarter... — read more
Dresden Fab
How is Dresden Fab doing nowadays?
Is it true that the managers have been directed to be extra active on LinkedIn for sharing, liking globalfoundries related posts for attracting new hires?
GF is great place to work-certified
Yea and we get one ice cream coupon to celebrate. Thank you GF
Hiring
At GlobalFoundries, we make things that matter — from the solutions that enable the way we live today, to the technologies that drive what’s possible for tomorrow. GF is actively recruiting problem solvers returning to the workforce after a career... — read more
Will there be any layoffs in 2022
Going back to the original question asked on this board, will we have any layoffs soon?
Lockup period coming soon
So the lockup period for GFS Is coming soon. As per https://www.marketbeat.com/ipos/lockup-expirations/ it is 04/26/2022. Maybe it’s time to unload the stock before it falls? Any comments
Globalwomen
We're one week away from the 2022 #GFGlobalWomen Conference! We are so excited to welcome over 200 GF team members, with a full day of inspiring speakers and networking events. Let's #UnlockPowerful. #WHM2022
Another chaotic proposition
MICLEDI microdisplays Announces Agreement with GlobalFoundries to Collaborate on MicroLED Displays for AR Glasses. So this is probably happening in Dresden and how are they going to make it who knows
Meeting
Let’s have a meeting with no added value and discuss holidays and what you did on the weekend. The manager is held because that’s the part of managers GPM and the manager basically does not want to argue with the second line that the meeting is point... — read more
Another gem of twisting things
‘It’s better to expand facilities,’ than create new chip foundries, says GlobalFoundries CEO 😂 you need to freaking have money to make new chip foundry. You don’t have enough money to even expand capacity on the existing footprint. If you had money... — read more
Plagiarism
So just noticed the copyrighted AMAT line - We make possible A better future And what does GF come up with We Make. Possible to avoid any lawsuits. So even that was not original of GF. So much about their mission of innovate.
How are managers evaluated?
I really thought my manager would be cut long time ago. He is still here, of course, but because of him, fewer and fewer of my colleagues are still here. How is it possible for horrible managers to stay in their positions for so long? Some are even... — read more
Winning + losing = confusion
120% bonus payout = winning 3% raise vs 7% inflation = losing (exception for the few folks that got the Nov/Dec raise, your probably around 7%) Q1 over 100% QBP payout = winning Getting ‘dressed down’ in large meetings by the plant GM = losing with... — read more
Anyone else not trying to get a promotion anymore?
I really gave my best in hopes of getting a promotion. I had previously discussed this with the manager and the answer was to just keep making the effort and it would surely be recognized. What a lie! It was never recognized, no matter how hard I... — read more
RSUs for L7 and higher
Anyone know what the RSU awards will look like? Is it a flat amount, based on merit or based on base salary... or a combo of some/all?