Thread regarding GlobalFoundries layoffs

WSJ - TECHChip Makers Contend for Talent as Industry Faces Labor Shortage

Chip Makers Contend for Talent as Industry Faces Labor Shortage - WSJ https://www.wsj.com/articles/chip-makers-contend-for-talent-as-industry-faces-labor-shortage-11641124802

Limited supply of qualified workers poses challenge as facilities are built to bolster global supply of semiconductors

by
| 1253 views | | 7 replies (last )
Post ID: @OP+1eN5Mhg8

7 replies (most recent on top)

@Fab5Freddy
It's weird the same manangers who failed at IBM, retired from IBM and are still senior managing at GF. This legacy train needs to stop.

by
|
Post ID: @gik+1eN5Mhg8

@hvs corrupt managers =

  • are never in office/always sick/always on vacation
  • demonstrate clear favoritism
  • openly hostile toward their employees

what else is there?

by
|
Post ID: @owc+1eN5Mhg8

Times have changed in the last 15-20 years along with the culture. It’s time for new blood in management roll. I’ve worked in industry for over 30 years and never seen so many corrupt managers at GF .Let’s not get started on HR ……

by
|
Post ID: @hvs+1eN5Mhg8

@fpd good point, so why does GF drop the ball? shouldn't "they" know this?

by
|
Post ID: @xch+1eN5Mhg8

Semoconductor talent acquisition and retention are inherently competitive. Many of us have been in the industry long enough to know this.

by
|
Post ID: @fpd+1eN5Mhg8

@doy exactly, I wish the HR "insider" would answer questions on the other thread

they should ask how severely they miscalculated things when deciding to not reward people properly last year. Apparently "competitive" means other companies are simply willing to pay more and offer better benefits. This when GF had and HAS a prime opportunity to do the same, but initially chose not to and selectively chose to at the end of last year.

and don't fall for their comments about the ESPP being "on par". 20% discount is on par, but basing it on the purchase price at period end is not. Most companies offer a discount at the lowest price of the stock during the offering period. Imagine the stock price increases on speculation, you buy at that price, then post-earnings it tanks. You lose. If it raises your gains are less.

by
|
Post ID: @edb+1eN5Mhg8

"GlobalFoundries Inc. Chief Financial Officer
David Reeder said: “The U.S. labor market in my mind is probably for us the most competitive labor market.” He added that it is likely to remain a tight market for several years. "

What a disconnect, yet in his "financial" role he brings nothing to address attrition.

So glad I didn't drink the IPO Kool aid

by
|
Post ID: @doy+1eN5Mhg8

Post a reply

: