Thread regarding GlobalFoundries layoffs

Getting rid of the most experienced workers

The problem with GF is that they have been laying off their most experienced technologists based on pay and all they have left in increasing numbers are recent college grads who get promoted into principal engineer or management positions after only 2-3 years in the industry. So the problem solved are gone and all that is left are inexperienced engineers with inflated titles and a management team with a history of failing. Mubadala is trying to get rid of this operation, but other than EFK and Burlington, the human capital is not there. As for Fab8, it no longer is the most cutting edge fab with a production setup that is no longer being kept up to the latest standards to maximize volume output (which is already behind where should be in the industry).

This is not my post, but a reply to another thread on this board, @WklERnh-oyw . Tend to agree with the original poster.

by
| 1114 views | | 5 replies (last )
Post ID: @WkiDHVQ

5 replies (most recent on top)

Oil has tanked 33% since October, Mubadala needs to stop the bleed, look for more pressure on costs and sweetening the pot for potential sale. (And to the clueless poster from a different thread who said something like "GF might buy UMC" - get real - the bank is closed, Mub doesn't want to spend another dime or dirham on GF. Tom told all of us that when he took over as CEO.)

by
|
Post ID: @WkiDHVQ-3wyq

Nothing happened to those INTC execs during the 12K purge. However, karma is catching up and BK is gone. SA is gone. TMG will be cleaned out. INTC is famous for age discrimination though. Wasn't it Grove who stated that the half life of an engineer is five years ?

by
|
Post ID: @WkiDHVQ-3vtj

Same exact thing happened at another large semiconductor company as recently as 2015-2016. Older, higher salary employees targeted for extinction, but then CEO disgracefully replaced them with H1Bs. 12K dedicated employees kicked to the curb only to be replaced with 14K H1Bs to lower costs. Nothing happened to the executives whose fault it was for failing business.

by
|
Post ID: @WkiDHVQ-2oxp

IBM redeaux... IBM recently lost a huge law suit where IBM targeted older workers to layoff... Why? Cuz Caulfield... same same same... His specialty is dismantling companies... Now talk amongst yourselves and take care of each other... Clean out your locker and take what is valuable... They don’t allow you to do that before you leave the last day...

by
|
Post ID: @WkiDHVQ-1xkb

It is about cutting costs by going after people with a higher pay grade. Next up will be senior technicians, of whom they actually don't have enough. All that shows is that the company is serious about developing a quality workforce, which should be priority #1 if they truly cared about building a quality operation.

by
|
Post ID: @WkiDHVQ-1jbx

Post a reply

: