https://ca.investing.com/news/stock-market-news/why-is-globalfoundries-stock-tumbling-today-93CH-46 Down to ~73% Majority stake from recent previous of 78%. With restrictions in place every 60 days in between these events and already having done the... — read more
GF Insiders selling at the run
https://www.quiverquant.com/news/%24GFS+stock+is+up+10%25+today.+Here%27s+what+we+see+in+our+data $GFS insiders have traded $GFS stock on the open market 17 times in the past 6 months. Of those trades, 0 have been purchases and 17 have been sales.
CEO says he let go of his entire HR team for creating problems
https://fortune.com/2026/05/19/bolt-ceo-ryan-breslow-cut-hr-department-causing-problems-fintech-startup-turn-around/
GFS Price Action
Ok, what is actually happening with GFS price. Is it organic in any way or is it merely resultant of including Apple in recent headlines? Those of you involved inESPP as well as those receiving RSU should be very interested in the answer.
Does GFS still have retirement package ?
A few years back gfs offered retirement package to employee of age >55 + 10 yrs service or >60 age + 5 yrs. HR head in townhall ever said she will prepare the detailed package and I heard people received the offer from HR. Is still available ?
We are being led down a path of destruction
The current AI push from senior management and the directors will bring this company to its knees. These people are too old and out of touch to understand what this technology actually is. It can be utilized in productive ways by individuals that... — read more
They are getting ready to replace us
Forced Ai training. And soon to be forced to use Ai. While my director and mangers openly joke and laugh about how Ai is so great and will eventually take will our jobs. Great morale boost while they actively talk about wanting to boost morale.
Opinion on the AI insight everyone forced to watch
my opinion, complete waste of time. Department trying to justify their wasted "AI" investment.
AI is the new outsourcing (yes, we will be replaced)
And so it begins: the pressure from above to start using AI tools. The reality: whatever can be replaced in the next years will be. We wont need to outsource anymore, AI will do it. So, if things are bad, it will get worse.
compensate announcement
Anyone know their salary, bonus, promote or layoff already?
Whut an thu heck
Wut the managers doin? Are they trying to get all the PTs and MTs to quit?? This place has been as depressing as a broken dishwasher at all you can eat buffet since January.
Global Foundries will be insolvent within 5 years
Due to principles in Semiconductor manufacturing and moores law, GFs products will enter the low cost semiconductor market within 36 months. SiPho isn’t capturing as much market demand as previous anticipated, and GaN is somewhat niche. Larger scale... — read more
About the tariffs
With Trump threatening retalitory tariffs up to an additional 25% on every country that doesn't support his seizure of Greenland. Germany & other EU countries are massive suppliers for a plethora of chemicals for semi manufacturing. How are we going... — read more
Stock Price and IPO
Will the stock ever be above the October 2021 IPO of $47.00? What happened?
Year end bonus and RSU (stock options)
Did anyone else notice how much smaller the end of yesr bonuses were?
Union for Technicians?
After thinking long on how I might convince any readers that this post is legit and that I wasn’t representing HR I concluded that I can’t - so I’ll just ask. If you are a technician at F8, are you interested in joining a union (CWA to be... — read more
Ex-U.S. congressman alleges H-1B visa fraud in India
Ohhhhhh .You’ve done it again. former Rep. Dave Brat alleges large-scale H-1B visa fraud linked to India. Claims Chennai consulate issued 220,000 visas, far above the 85,000 cap. Former U.S. diplomat reported forged documents, political pressure at... — read more
F8 Christmas Party
Is the party email a joke? $6B company. So sad...at a complete loss for words.........
How many versions on GaN does GF have to waste money on?
GF can't seem to get GaN right. They started with IMEC some years back, then bought a version from Ratheon, then the past few years have licensed or bought other flavors of GaN from TSMC and others. Why is GF wasting so much money to get a version... — read more
Where’s the cash?
For everyone getting all bricked up about billion dollar investment announcements - just ask yourself some simple questions - where is the money? Do you see it anywhere on our books? Where is the new customer demanding any kind of capacity add? I... — read more
GF's market cap continues to shrink
GF's stock and market cap continues to shrink. The analysts finally caught on to the same BS story TC continued to give as CEO, they bought the story long enough for TC and DR (former CFO) to cash in a bunch of their stock at higher prices. So... — read more
Pump in that dump
https://en.wikipedia.org/wiki/Pump_and_dump
Yes, Sir. What a good idea.
After years of fighting it, I have finally figured out how to play the game. It’s actually easy once you know how it works: 1.) Strip yourself of your identity and any sense of self 2.) eGet it through your head: You do not exist to contribute. ... — read more
Checks up to $400 Are Being Mailed to Eligible New Yorkers
https://www.governor.ny.gov/news/governor-hochul-announces-inflation-refund-checks-are-now-being-sent-82-million-new-york
Layoffs Continue
~350 total between F1 and F8 (2.7% of total headcount) will likely go by end of year. Get your backup plans in order, it’s just business.
Trump imposes $100K fee on H-1B visas in new immigration action. India Times.
Trump imposes $100K fee on H-1B visas in new immigration action. India Times.
ONEGF Survey is live (Big One)
If you are a new or old employee you should have received an email from -Microsoft Viva Glint- for this anonymous survey. There are 30 questions total that have ratings on a 1-10 scale (1 meaning strongly disagree, 10 meaning strongly agree) you can... — read more
Mubadala remains the majority owner of the company with an 82% stake United Arab Emirates.
Mubadala remains the majority owner of the company with an 82% stake United Arab Emirates.
HR
I recently left from the HR team. While I was only there a brief time it was the most toxic environment I have ever worked within. Politics galore starting at the top!!! Major change is needed for HR leadership!!! Get out like I did!!!
F8 Utensils
any news on utensils @F8 since I left? LOL I still laugh thinking about that. What a joke that place is...
Are they really wrapping up layoffs this week?
I feel so sorry for everyone who’s been let go. I truly hope they’ll land on their feet quickly, with better opportunities and a bit more luck on their side.
We are effectively leaderless
It’s because our leadership doesn’t know how to lead. Extremely poor communication upward and downward. Probably the worst in the industry. It’s why we are perpetually in the position we are in externally and internally. Literally All of them need to... — read more
Walmart Kickback Scandal Rumours Fuel Fresh H-1B Visa Debate Among Indian Workers
Walmart Kickback Scandal Rumours Fuel Fresh H-1B Visa Debate Among Indian Workers
Still no idea which roles or how many people will be impacted?
Why is it so hard to let us know in advance, instead of leaving us stressed out for an entire week? Well, more stressed than usual.
Layoffs announced at all hands meeting tonight. Site director quote below.
Towards the end of the meeting the site director said, "Another topic i want to address, some of you have seen or heard the news about layoffs at the Fab8 site. Team i want to talk about as we evolve our team structures and position our the fab for... — read more
Good luck to all of us
What else is there to say? This probably won't be the last 'adjustment' in the near future.
Another layoff, oh sorry adjustment smh
https://www.timesunion.com/business/article/globalfoundries-makes-adjustments-workforce-20884231.php Wow so instead of Christmas layoff, they made it start of school year one lol. Left that toxic company 2 years ago, and been happy ever since.