Please do not interpret the following post as someone who is trying to bait or stoke the flames, I am truly confused at the current situation at GF and am in need of an explanation as to why these forums have become so cryptic in such a short few weeks in regards to our future. For background, I have worked at the Malta site for 5+ years in a relatively isolated department and the general attitude of the place has inexplicably changed dramatically in a relatively short period of time.
Firstly, the Malta site alone made over $2B in revenue and the company as a whole turned a profit of $600M in 2018. This was a banner year for GF and spirits were relatively high at the beginning of 2019 with the general feeling that we finally were able to compete in this industry and firmly established ourselves in the market. Even though we are not attempting to move forward in our technology nodes, we have proven success in 14nm. Furthermore, we were all under the impression that our jobs were safe because of how many new people they were bringing in coupled with our managers not showing any signs of distress regarding manpower.
I will say that starting sometime in July/mid-August that the reigns were a little tighter, but for some reason everyone's attitude had started to drop off dramatically. Many people (technicians and engineers) have stopped caring completely and management is allowing for not just a few people here and there, but nearly everyone to do the minimal amount of work necessary for the "meets expectations" rating (which is extremely easy to achieve). In our last roundtable meeting, our senior director told us they were no longer going to replace anyone that left moving forward and impose a hiring freeze (effective three days ago).
So I ask the industry veterans: we were extremely profitable last year, so why would we be unable to secure contracts? I believe the only surefire way we could go bankrupt is if we land ZERO contracts which would be beyond unlikely. Everything that is being said on these forums makes sense in theory (lawsuits, announced IPO, selling off business units), but financially there is plenty of reason to believe that management is simply lowering operating costs through manpower to offset our slowly declining revenue which is a far cry from closing our doors. What do you believe is really going on and what has changed so quickly to make people begin thinking that we truly are doomed this time around compared to the last several years with the same failed predictions? In other words, many people have predicted the world to end, but no one has ever been right.