Any rumors of any layoffs coming to Malta again? Last global cast was not exactly reassuring that things are stable in Malta.
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Once AMD is gone and the IPO fails, there will be big layoffs. They'll limp for a while and attrition (which also contributes to the demise) will keep massive layoffs for 2021. Expect things to get ugly in 4th quarter of 2020, and positively hideous in 2021.
There is a 2-3 year gap between investment and cash in the door.
2018 was the pivot and significant reduction in capital investment. This will mean a low performing 2020. Minimal investment in capital continues, so expect a continuing of low performing years and potentially layoffs.
You have a 2-3 year warning, make your personal decisions appropriately.
No layoffs for about an year. Attrition was very high this year, but at the same time hiring of lower-paid newcomers was also high. Attrition of good-quality people will pick up again after bonuses get paid, and when they will be passed for promotions by non-deserving people including women. At least for the next several months, things are looking very bright. Level 9+ (and sometimes lower) are freely travelling all over the world having lots of fun. I see many of them. Many execs just have a title but add zero value. People wonder what they are doing. They are legacy execs who can't be fired. Research grants are being given to universities and consortia in spite of stopping 7nm development. Contracts are being given to smaller companies. New highly paid executives are being hired. Re-orgs are happening. Sheikh owners are not going to leave because nobody will buy GF. But to pay the bills, TC will keep selling other sites or pieces of company, but not do layoffs in Fab 8, at least till end of 2020. High attrition of talented people will save some costs in 2020.
Hey "Hard Facts", tell that the investors and the people who got laid off from Ausra Solar about TC's "success" and the waste of the public's money on the failed Carrizo Energy Farm. Not only that, Ausra sold itself to a company called "Areva" and TC had the audacity to name the ASIC spinoff "Avera" (that's the reverse of Areva for the literally challenged). Is that some kind of sociopathic behavior or what?
Here's a quote as to why Ausra had to cancel the Solar Energy farm and sell itself :
::::Ausra announced that it was seeking to sell itself, because "it will not be able to deploy its capital-intensive solar technology on a large scale without the backing of major company." ::::
Does this sound familiar? Sounds a lot like the excuse for stopping the 7nm project.
If TC was in charge from the start, the Fab would have been in a much better place. Instead, only the has been at AMD sites and fired employees from other fabs, were available to do the initial start up.
Their legacy infects the fab to this day.
I see someone is still trolling. While never funny, it's really lame at this point.
My mgr told my 50 percent understaffed group that "we're likely safe for the near future" right after that Globalcast. He's not too confident there's no more layoffs. He's also not confident we'll be staffing our open positions anytime soon either. When asked he brought up the hiring freeze. I guess we're entering do or die time with the end of cash from the sheiks and AMD leaving. It's probably just die time TBH.
There wont be anymore layoffs in malta or at any gf fab. 2020 orders are through the roof and the plan is for significant hiring in 2020 to support that demand. A lot of people who were laid off last year have been hired back which is a sure sign layoffs are a thing of the past.
Hey Malta, have AMD wafer starts taken a nose dive? Isn't the true fact of life that the Malta fab was built to support AMD processors on the Samsung 14 nm process?
Since GloFo did the famous pivot, AMD is now all in on TSMC 7 nm. I have to believe that as TSMC 7 nm processors ramp that Malta processors will crash.
All the TC pivot did is cause the biggest and number one customer of GloFo, AMD, to pivot to TSMC. They got to tear up wafer supply agreement.
So what happens if not enough people leave?
No layoffs, too many people still quitting weekly and there is a hiring freeze.