Thread regarding GlobalFoundries layoffs

Attrition < 20%

Thoughts

by
| 1501 views | | 11 replies (last )
Post ID: @WQBsHaO

11 replies (most recent on top)

The poster who said GloFo can't get customers is absolutely correct. I have worked in sales for major corporations for most of my life. I moved to Albany with my wife's promotion with her NYS job. GloFo was a big company and seemed like a good company, so I got a sales job with them. I could not convince anyone to give me time, let alone a contract. Everyone knows about the quality problems of product coming out of 8. I had better luck with selling product from Burlington, and somewhat from Fishkill. What I did most of the time was put out fires with furious customers. I lasted a little over a year before I got into selling food products, and Lords knows I am far happier.

by
|
Post ID: @WQBsHaO-6ucp

Thanks, Tom, for making a layoff seem so exciting and sound like winning the lottery.

by
|
Post ID: @WQBsHaO-5yyh

c'mon let BigP troll. It's fun. So many people cleaned up on severance while already in new jobs or just retired early that nobody needs to feel sorry for anyone "impacted." Being pivoted beats leaving for free as so many did afterwards. Only thing "impacted" were tax brackets from too much severance cash on top of new job incomes. People need to embrace the pivot and all its riches! 2018 was undoubtedly best year at GF since IBM was handing out $100k bonuses desperately trying to secure enough mercenaries to commit to see the deal through and not bail out prior to the acquisition. Happy New year and best of luck to all those who hung on this far to get themselves pivoted in the next wave this spring!

by
|
Post ID: @WQBsHaO-3pmg

Pay no attention to the mo--nic ramblings of BigPivot. He has already outed himself as a troll. I think he needs to spend more time looking for a job since most of the layoff folks have dispersed themselves across the industry (and new industries) with GF providing great training for their competition, it's time to get out of the basement and feel the warmth of the sun, even if it is winter time.

by
|
Post ID: @WQBsHaO-3umo

2019 ramp? I used to work there, and I'm not going to say more than this, as I'm not looking to identify myself - your customer base, already thin, is eroding even more. There is no ramp for 2019. There will be no future ramp, except for downward, unless the myriad production problems of that fab are fixed and the sales force can convince customers to sign on. At things stand now, trying to convince potential customers to use GF is like trying to sell water to a drowning man.

by
|
Post ID: @WQBsHaO-2tgg

Big bonus? We performed worse than last year and laid off 20% with another 19-21% attrition rate per week(per HR). Enjoy the same as the last x amount of years or worse.

by
|
Post ID: @WQBsHaO-2ydh

Ha I see goodbye emails every day

by
|
Post ID: @WQBsHaO-1sgu

Are you kiddin me we are getting ready to turn up the crank on the big 2019 ramp. Big bonus, great benefits, an awesome gym, and mad promotions are making working at fab8 more like a party than actual work. Attrition < 20%, true but its way less than 20.

by
|
Post ID: @WQBsHaO-1gym

economy is showing signs of slowing down and most of the vacant positions are already filled... for those who are still in wait and see mode are pretty much out of time I think... main thing FAB8 need to be concerned about now is slow down itself and high volume runners like AMD shifting to TSMC for their 7nm product line ... can Fab to run less full? ... for how long...?

by
|
Post ID: @WQBsHaO-1qzq

Is it a typo? Do you mean over 20%?

by
|
Post ID: @WQBsHaO-1xan

Can you elaborate?

by
|
Post ID: @WQBsHaO-tgq

Post a reply

: