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.
US to take 10% equity stake in Intel, in Trump's latest corporate move
Please treat GF the same.
Big crisis for Indian H-1Bs’: Viral post red-flags ‘PERM sabotage
Big crisis for Indian H-1Bs’: Viral post red-flags ‘PERM sabotage,’ can spark layoffs A viral post on an anonymous professional forum voiced concerns about a big 'Indian H-1B crisis' due to arising setbacks for many during the PERM process in the... — read more
Job cut
I am part of the job cut 😢 this morning was my last day, have interview set up, will probably have to relocate out west. Good luck to the survivors, there's a future out there if you want it. 😺
HR giant Workday says hackers stole personal data in recent breach
https://techcrunch.com/2025/08/18/hr-giant-workday-says-hackers-stole-personal-data-in-recent-breach/ Workday, one of the largest providers of human resources technology, has confirmed a data breach that allowed hackers to steal personal information... — read more
Offset
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
GF vs TSMC (My Experience Working at TSMC Arizona For 4 Years)
TSMC assessment, the grass isn't always greener, taller yes, greener no. https://www.reddit.com/r/Semiconductors/comments/1m96m4f/my_experience_working_at_tsmc_arizona_for_4_years/
China for China
What is China for China? I heard this in AMD and GF press releases lately. Is it a tax break?
Mid-year reviews?
How is everTone doing?
GlobalFoundries Inc. owes Katana Silicon Technologies LLC $9.2 million for infringing a patent by selling semiconductor products.
Please Help India!!
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
GF part of ribbon ceremony for next generation EUV?
No idea why Caulfield was at the NSTC EUV accelerator ribbon cutting ceremony? GF isn't even involved in EUV and is doing nothing with advanced nodes. I guess since Caulfield was replaced by the guy who was pulling his strings for many years, this... — read more
Microsoft laying off about 9,000 employees in latest round of cuts (4%)
Microsoft will cut less than 4% of its global workforce across teams, role types and geographies. The software company also announced layoffs in May affecting around 6,000 people. Executives are still trying to reduce management... — read more
Holding company that owns majority stake in GF
Abhu Dhabi is pretty close geographically to Iran. Hopefully, nothing drastic happens. Crazy to think they would sell their ownership in GF off, given what is happening in that region?
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.
Updates on layoffs?
Has there been any news on when it'll continue?
Giving away Tax money (ChipsAct) to foreign owned corporations
https://seekingalpha.com/news/4455367-globalfoundries-to-invest-16b-in-us-to-boost-chip-manufacturing-packaging-prowess
Anyone with experience going from GF to NY Creates at Albany Nano complex?
Jus wondering if there has been any insight on quality of life over in NY Creates vs how we are in GF.
Awesome news after getting $$ then silently laying off all 90% of the test dept
https://vtdigger.org/2025/05/27/trump-administration-cancels-nearly-24-million-semiconductor-grant-awarded-to-vermont-partnership-under-biden-era-program/
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
Is it worse in non-fab roles?
I am thinking about working for GF in Austin. Please tell me it’s not as bad in the business roles.
Intel to lay off more than 20% of workforce, Bloomberg News reports
https://www.reuters.com/technology/intel-cut-over-20-workforce-bloomberg-news-reports-2025-04-23/
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.
Sorry all! Stock is officially in the 20’s
Next will be teens. I would have never believed it. Tell me how we got here??
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
Are we up for sale?
Which fabs do you think they will keep or move because they are redundant?
Silent Layoffs
Devasted to have lost a high performer on my team
Intel Picks Lip-Bu Tan as CEO — TC Stuck Flipping Burgers (Where Crooks Belong)
https://newsroom.intel.com/corporate/intel-appoints-lip-bu-tan-chief-executive-officer In a shocking turn of events, Intel has appointed Lip-Bu Tan as CEO — looks like TC will sadly have to settle for flipping burgers instead of running a tech... — read more
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