Thread regarding GlobalFoundries layoffs

Despite the challenges faced by GF, including the recent market downturn and critical comments, the company's future remains bright under the visionary leadership of CEO and the senior leadership team (SLT). Their strategic focus on innovation and adaptability is positioning GF to navigate current industry hurdles effectively. Tom C. and his team are dedicated to transforming these challenges into opportunities, driving the company towards long-term growth and stability. With their proactive approach and unwavering commitment, GF is poised to emerge stronger, reaffirming its position as a leader in the semiconductor industry.

GF has become a dismal place to work, populated by four distinct groups. First, there are the new hires and juniors who see GF merely as a stepping stone to gain experience before jumping ship as soon as possible. Then, we have the corrupt-to-the-bone managers, who, like vultures and leeches, drain the life out of their employees. Incompetent, mafia-style directors, VPs, SVPs, and C-level executives round out the third group, leading the company into the ground with their shortsightedness and self-serving decisions. Lastly, there are the experienced engineers and technicians, trapped in geo locations that make it nearly impossible for them to move and find jobs elsewhere.

Out of these groups, the unfortunate engineers and technicians are the biggest losers. I feel sorry for them, as I consider myself one of them, though I've learned how to navigate this toxic environment. If you think GF, or rather "Garbage Foundries," cares about you, you're making a grave mistake. This sinking ship has no regard for its crew, and anyone who cares about GF is only deluding themselves. Save yourself and get out while you can; GF's future is as bleak as it gets.

GF has earned a damning reputation as the "Garbage Foundries" under its current leadership, plagued by incompetence and deceit. Instead of steering the company towards innovation and competitive growth, the management has turned GF into a dumping ground for other semiconductor companies' rejects. This systemic mismanagement has sullied the company's name, leading to it being known as "Liar Foundries" and "Garbage Fraudster" among industry insiders. The empty promises and failed initiatives have only driven up short-term interest without delivering any tangible results, leaving a trail of unmet potential in their wake.

People like Richard T. and Tim B. have exacerbated this downfall by fostering an environment that drove away experienced talent, essential for the company's differentiation and success. Their misguided cost-cutting measures and lack of strategic vision have led to certain fabs operating at a dismal 30-60% utilization, signaling a bleak future for GF. This exodus of expertise has left GF with nothing substantial to offer, further eroding its market position and credibility. Without a significant overhaul in leadership and strategy, GF's prospects remain grim, cementing its status as a floundering entity in the tech industry.

@2vqa+1tHWVOFC

You are correct. But watch! We will spin (and lie) that this is the next big thing we will “take over.” We will corner the AI market! But we all know and as you correctly pointed out it will be all bullsh-t. We are bullsh-t artists that jump on the latest trend or buzz word to drive up interest and motivation and keep us relevant. But it will flounder like everything else that is the next big thing for us. Have we ever cashed in on any of these “big pushes”? No we haven’t. Basically we are a company who sells fake promises of our possible potential that we never full achieve or realize. We are fraudsters.

@1hkz+1tHWVOFC
Steaming pile of horse sh***,
AI needs 4nm and below not 14LP samsung from 10 years ago

With GF robust portfolio there be a pivot to A.I. Easy transition and very profitable.

@ftd+1: If RT became CEO the ship would sink for sure. He is brain dead and has zero vision other than outsourcing jobs which experienced subject matter experts used to do in the US leading to differentiation but instead outsources them for new hires in low-cost geos. The only thing RT is good at is kissing TB's butt, between the two of them they are ki-ling GF's current and future business.

The other semiconductor companies trash goes to GF. That's the reality, and those are the best they got.

These guys need to be held accountable. They always say something to the tune of “we didn’t know or see this coming.” Well isn’t that you whole job?! wtf … put them on pip until they get it right.

People like Richard T., with a proven track record of cost-cutting, have a high chance of becoming the next CEO amidst the current financial challenges.