Topics regarding layoffs at GlobalFoundries

Topics regarding layoffs at GlobalFoundries

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GlobalFoundries Inc. owes Katana Silicon Technologies LLC $9.2 million for infringing a patent by selling semiconductor products. GlobalFoundries GaN Chip Manufacturing Advances with $9.5 Million U.S. Federal Funding


Empower substandard app

Anyone else having issues with the worse decision GF ever made, switching from fidelity to Prudential/Empower

China for China

What is China for China? I heard this in AMD and GF press releases lately. Is it a tax break?

July layoff?

Rumor has it that there will be another in Jul. It is almost the end of July. Anyone can confirm?

H1B Visa Sponsor(Employer)

Rank H1B Visa Sponsor(Employer) Number of LCA * Average Salary 4 Globalfoundries U.S.2 in Vermont 13 $118,105 97 Globalfoundries in Malta 47 $120,892

Café Price Increase Incoming

SLT reviewed café prices this week, citing inflation as the reason. Get as much gristle as you can while it's still 12 dollars a pound. Once autumn comes expect major increases. Feels like another reminder that the perks at GF are running... — read more 

Goooooood News

GlobalFoundries to establish design centre in Kolkata, India The new centre aims to enhance the company's footprint in semiconductor manufacturing in India. Runjhun Pathak 6 June, 2025

Layoffs Fab1

Layoffs at Fab1 are coming. Managers are getting demoted and projects are being halted or being outsourced to Bangalore.

new grad Austin

really excited to join the company in the summer but can’t help to be paranoid 24/7 over the economy and potential layoffs what are the chances my role gets cut before I’m even there?

Stop being your biggest enemy

The work-life balance here is nonexistent, but the worst part's that most people work after hours just to prove they’re working hard, even when there’s no real need. The whole atmosphere is so draining that it ki-ls any real motivation. At the end of... — read more 

21k at Intel. GlobalFoundries Next?

With 21k set to be laid off at Intel, could be a flood of skilled semiconductor workers in the mix at GF for the future. This could impact whatever leverage the GF employee had during a worker shortage.

Malta promotions

If not for attending the Malta promotion ceremony I would have no idea my coworkers were also promoted. Why is it a secret, promotions can be justified so it should be shared in email celebration to entire company.

Globalfoundries P/E negative (-83.33)

As of April 4, 2025, GlobalFoundries (GFS) has a P/E ratio of -83.33, which is lower than its last 12-month average P/E of 21.84, and a current ratio of 2.11 with a debt/equity ratio of 0.21.

Seriously, do we unionize? (HR is going to downvote)

I'm asking in regards to Fab 8 specifically. Conditions here are the worst I have ever seen, why are we not unionizing? Is anyone even interested in it or do we just collectively sigh and ingest the same PR garbage by the upline management and HR... — read more 

401K about to take a massive dump

Trump tariffs live: US stocks plummet in after-hours trading as experts warn Americans could see higher costs https://www.theguardian.com/us-news/live/2025/apr/02/donald-trump-tariffs-trade-latest-live-us-politics-news

Comp Statements

It's that time of year again! Suggested format: Country Ladder (Manager, Engineer, Analyst, Tech) JL Rating Promo Stock AIP Merit

GFS Faces Uncertain Future: Leadership Concerns, Talent Exodus, and Technological Stagnation Signal Potential Drop to $20

https://www.defenseworld.net/2025/03/01/globalfoundries-inc-nasdaqgfs-shares-sold-by-rhumbline-advisers.html Over the past two years, GlobalFoundries Inc. (NASDAQ: GFS) has experienced a significant decline in its stock price. The all-time high... — read more 

Another exercise in April

After Nov, Dec, Jan and Feb, taking a pause in March and a major one upcoming in April to quickly show results to shareholders for the new CEO.

Revenge quitting, Very toxic company.. mental health issues

This company is becoming one of the worst places to work—highly toxic, lacking professionalism, and negatively affecting employees’ mental health. There is no appreciation specially in Germany and the US, the company is saving money at the expense of... — read more 

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