Just want to make sure we are finally safe. At least for now.
9 replies (most recent on top)
Keep dreaming, BigPivot. I wish you luck. Truly, I do because your employees are going to need it if they don't make their own luck elsewhere.
Mr "BigPivot" - spoken like a true executive. Please don't try to tell us you are a rank-and-file engineer with terms like "WE", "renewed energy" and "dedicated to making GF the best semiconductor company in thw world". Why would the 14nm people have "renewed energy" post-pivot? It's not like we thought 7LP was bringing the company down, it was seen as part of a long-term plan for the fab. A couple of years of "derivatives" doesn't make for the same long-term future. Also, how else would you know GF is "on track to making big profits in 2019". Everything is so secretive at that place, only top dogs know the financials and roadmaps.
Instead of hiding from your employees, you guys should try walking around the place and see the "renewed energy" in people looking for jobs, talking about interviews, and complaining about the workload. I did leave because of all that. You don't make the "best semiconductor company in thw world" by focusing on cost cutting and letting an outside consultant (McK) tell you how to run things. Isn't the SLT SUPPOSED to be the semiconductor manufacturing experts and they are letting a bunch of big name school MBAs with little experience (look at McK consultants on LinkedIn) tell you how to run your business?
How ironic for an exec to tell people "do the rest of us a big favor"...Yeah, you guys were really dishing out the favors when you upset hundreds of people's lives based upon what looks to be a "dare" in the first place (bringing all these people in to work on 7nm when there wasn't a plan in place to manufacture it.)
We have a renewed energy since the pivot and are on track to making big profits in 2019. If you have any doubts just leave and make room for the people that are dedicated to making GF the best semiconductor company in thw world. I repeat, if you have doubts just leave and do the rest of us a big favor!!
I can see the mix of those who left being "wrong". Those of us who could leave for better jobs did just that. Talent left because they knew they could do better. Managers, new college grads, and the talentless stayed put because they know their options are limited, if nonexistent. I found another job quickly. Indeed it is an excellent time to be in the industry if you need a job. The talentless and optionless will stick around until they are laid off (technical staff), or the company is liquidated (management).
You hangarounds need to think about it. Can you name any other semiconductor company that has had mass layoffs in this year? GF had TWO within 3 months and we are here discussing a 3rd. That should be a clue to anyone about what is the future of the GloTanic. Look around, semi companies - big & small, fab & fabless, domestic & foreign - are hiring and can't get enough qualified people now. This is the probably the best time in you'll ever have in your career for choices in finding a position and a place that appeals to you.
Get your resume out there and get out if your lease or put your house on the market. Micron is hiring, as are Samsung and Intel. I got a job with one of those three and don't regret my decision to leave. I have some stubborn friends still left at GlobalFailure, and I urge everyone to go while other semi fabs are hiring. Why stay at GF and be left without a chair at another fab when the music stops? The jobs are out there, in better locations with semi companies that are successful. Go while the opportunities are there!
Pay no attention to the man behind the curtain, uh, Anonymous tag. -> GF SLT
Actually, in all seriousness, the February date makes sense if I understand some of the WARN act provisions (it would be at least 6 month since the Aug layoff) as to not trigger the 90 day warning clause (only 60days, unless it's over 250 people). From what I heard from someone in "planning" (I'll leave it at that) is that there was an expectation of the 7LP carryovers to leave which may have been reached but it was the "wrong" distribution of those leaving (a lot of the higher paids and ex-managers are still around). Also, the exodus of 14LPP folks was more than expected (and again the wrong mix). It really doesn't matter the 3rd layoff was going to happen regardless...it's the IBM way.
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 the pay scale. Mgmt is worried that the early 2019 layoff will trigger an exodus. Shows you how clueless they are, as that has already happened.
Umm, sure, you're fine, A-OK, it's in the bag, rainbows & unicorns & even puppy dogs, life is good, buy that house, burn those resumes, stay off LinkedIn, have a "no more layoffs" party, fly Grandma in 1st class from Arizona, Asia, Europe, Antarctica, or wherever, no need to worry--for now.
( But who knows what TOMORROW brings? )