Anyone heard of salary for Sr Directors, VP and CEO also impacted due to financial condition or getting pay raise with removing so many employees??

Excellent leadership has demonstrated total cycle time of 3 days from Internal M4 to 7nm technology closure, with perfect yield demonstration. At the same time, with additional workload of layoff almost whole team. Thank You, Guys !!!

Nothing else being hit?

Such as Fab 9/10?

Why these folks from UAE thought they could successfully run a semiconductor company is beyond me. But this was a known outcome. When did IBM ever lead in high volume process at the cutting edge? There is zero chance you folks could deliver a robust... — read more 

https://www.timesunion.com/business/article/GlobalFoundries-laying-off-hundreds-at-Fab-8-amid-13185115.php https://www.anandtech.com/show/13277/globalfoundries-stops-all-7nm-development https://semiengineering.com/gf-puts-7nm-on-hold/

The email everybody seems to be talking about, did it go out to the entire department or just those affected? I talked to a friend from 7nm, and he said he hasn't heard anything about any email. That's why I'm wondering if it means that if somebody... — read more 

Two brand new, ASML NXE3400B scanners, ready for immediate sale. Hardly ever used, all original optics. No reasonable offer refused. Warranty and service support not included.

Massive layoff is not going to avert the sinking ship, maybe just delay it for a few years. The company may save money short term, but the best and brightest talents will be gone. Those that didn't get impacted by the layoff will lose trust and faith... — read more 

Go here @U1g9wws or here https://www.thelayoff.com/t/U1g9wws

just got confirmation from senior management, 7nm has been canceled and many people directly associated with it are being let go 😒 ; more will be shared soon as this news is evolving!!

The rumors flying in my office are depressing, everyone talks about it - what I heard is that all of 7nm will be affected, also as someone noted before even techs who went to AME are affected. My feelings are mixed, I've spent five years here and I... — read more 

https://twitter.com/TheLayoff/status/1034144305055768576

Honestly, even knowing I'm on the list would be preferable to this waiting game. It's like they unnecessarily want to prolong our agony. Just tell us what's going on and be done with it! We'll move on one way or another. But at least we'll move... — read more 

Just wondering what plays the biggest role in the decision making? Is it last in first out? If it is, I'm pretty much screwed in that case. I've also been hearing that it's those with highest pay who will most likely be targeted, so it'd be nice to... — read more 

Please track layoff info when known in the format FAB / SITE LOCATION : Tech Node : Dept/module: Head count before layoff: Total layed off: Visa status / origin: Years with company: Age group (round to nearest 10)

Anybody knows what's going on with severance? What kind of packages will be offered this time? I've heard from more than one person that we might be looking at significant cuts even there, and I'm hoping somebody here can shed some light on that (or... — read more 

I've noticed alot of desked cleared off from D shift employees. Was anyone already let go or are we still waiting to find out?

Semiconductor is a volatile business where you must be prepared to move where the “biz iz. However GlobalFoundries lied to most of us failing to succeed in any node never moving from the “start-up” mode yet bleeding the locals dry with tax breaks and... — read more 

Last hurrah!

I think the 1 week/yr will be in lump sum, but does anyone know if the 90 days severance will be in lump sum or paid bi-weekly like regular paychecks? what about the health insurance benefit, will it remain for another 90 days? Last question: those... — read more 

Semiconductor industry, especially foundry, needs employee to work very hard to tune different conditions very carefully. TSMC is a good example, Samsung too. IBM is a bad example, now even Intel. Asians, especially from China and Korea, have... — read more 

No more 7nm.

I wonder how all those people who drank the orange kool-aid and uprooted their lives and family to move up to Clifton Park from East Fishkill are feeling about that decision now? Enjoy paying for that McMansion with no job. Sure, you can look for... — read more 

Company with such ridiculous management destined to fail. They are celebrating M4 exit of technology which rumor mill strongly suggest closing next week and a big percentage of employees will be laid off.

How do they bypass NY WARN act? The law requires 90 day notice for layoff more than 250 people from a single site. I am fairly sure more than 250 will be impacted next week. Is it by giving 90 days severance pkg?

It is no longer an "IF", the worst will happen Tuesday. Be prepared. Take home your personal items. Clear out your desk. If you haven't already, update your linkedin and resumes, start calling your network. The severance package may be better than... — read more 

This place run by satanic bony aliens. I come here I waste my whole life.

And I guarantee the high-level execs that put the company in this position won’t be losing a second of sleep over fear of losing their jobs. Keep telling us how well we’re doing as a company, Tommy boy, while you deliver the news of the next round of... — read more 

The layoffs are being done to save the company. Hard decisions must be made, the ship is sinking and only limited life boats. We can all drown or we can save a great majority. Unfortunately there will be 3 layoffs in 2018, 2nd qtr, 3rd qtr, 4th... — read more 

I heard 100%

Rumors are circulating that our investors pulled out on us, and we're facing a 15-20% reduction in our workforce with a major focus on any employee associated with the 7nm project. If true, to hell with this company. Can't wait to find employment... — read more 

Shame on GF. Attracts talented workers to a remore, God forsaken facility in the middle of nowhere only to lay them off a couple years later. A crime to lay off the older, experienced, dedicated workers since they want to work in that environment and... — read more 

Anyone else get caught in the layoff today in Malta, NY?

This was announced to the workers on Monday. We'll know more as the time goes on. The severance package should be OK and this is not USA only. I know it always s---s to be laid off but it is what it is and we all hope that teams will not affected... — read more