Thread regarding GlobalFoundries layoffs

@ctf anything update now?

Layoffs haven't materialized here (F8) so if they're coming, it'll be Q1. No financial benefit to rushing them before Q4 ends, as the severance packages make people stay on the books until they're paid out.

so any update about this? or it happen in Q1?

@OP
it's just profits over the long term health of the company
a giant su-king sound that you would hear in horror movies

Is there any related between recent promotion and the layoff?

@n2 Got nailed in January 2025 with several others...there was another silent wave in February.

Any update?

@330 You shouldn’t trust anyone at this company.

@330 It’s likely there’s been some dishonesty, but the broader issue is how cost-cutting efforts fixate on labor expenses. Meanwhile, teams are pushed to trim spending elsewhere, creating a strain as fewer people are left to manage those initiatives. The pattern tends to repeat itself. Welcome.

Wait I thought everything was good again? They lied to us?

@2xx Glint survey will likely trim some fat - enough of giving sh*tbags a fresh team to underserve.

Hear there will be more

2.5 years ago *

I mean at this point, if you're still at GF dodging layoffs and begging for raises, you kinda have no one else to blame but yourself. Glad I got let go with 3 months full pay and severance package 2.5 years.

Different from those factories that tend to be targeted, it’s a calm, cozy place to get a paycheck at GF. Oh, Texas

@2e1 GF Texas is a paradise. Please transfer me to Texas. They’ll likely get their green cards soon.

@29v lol no

so does anyone get a warning

@24x Our HR here appears to lack fundamental ethical standards. Only for MONEY.MONEY.MONEY. MONEY

@24x seems all Big companies have a policy: employee age + service years > 66 or 67, can choose a retirement package to leave ......

The Legal organization is not currently engaging in voluntary separation packages..
Is this an HR lie? Does anyone have names of folks this is currently happening to...and not just false claims as noted in this thread.

@240 whar differentiates a GF volunteer from another?

@23v That just means no voluntary packages for you.

@1ks do you know for a fact? I was told by HR, no voluntary pkgs available..

Looks like there’s voluntary sep going on as well. Sweet deal if it’s an option for you.

@1g7 GF TEXAS

https://www.uscis.gov/report-fraud/uscis-tip-form

@1fh GF 10 yrs +IBM 15 yrs, F9 never missing this layoff party

@1fh, what technology is being developed at Fab9? Fab9 Full loading?

@1fd Wow…just wow how long has this person been working? Does F9 count as well?

A friend in Fab9 had their last day on Friday. What happened?

@OP looks like OP has the wrong view - the labor $ reduction is looking more like $20M

This means more like 100 people

@vt Sneaky middlemen who help people dodge taxes in the South don’t even work at the plant, but still get paid thanks to some convenient India sourcing.

anyone know if Mike Kelly is still a manager at F9. My god, that guy was absolutely horrible. Didn't know his A. from an H. He did so much damage to the stuff he was in charge of. Just curious as that guy was why I finally tossed up my hands and walked the f out.

@w6
Just go to India. But before you do, pay back all the taxes we’ve paid that went into your salary, and pay the customs duties too. You people in the south only manage sourcing from India you don’t actually do any real work on your own.
B
So if you go to India, would they even take you?

@vt rubbing it directly in our faces. Joke’s likely on them though - as soon as all the planned functions are sourced to India - guess who won’t need to mange India-sourcing ;)

“Thanks for helping us outsource American jobs, now please send us your laptop and any other company-owned property in the shipping container provided…”

@vp Those glitzy LinkedIn and pictures of the India-sourcing team in the US south this is beyond a joke.

@vp Meanwhile, the incompetent executives and directors, manager keep collecting their paychecks on our tax dollars.

@vf the fabs that are the furthest over budget are the ones that get hit the hardest. 200mm and F7 broke closer to even this year - 1 and 8 missed the mark by a lot (even with 1 quarter remaining the die is cast).

As always the biggest spend areas / line items are where they attack first. It’s an incredibly unevolved, but easy (and lazy) way to approach cost savings - and it’s likely part of the larger problem that has landed us in this reality. IMHO looking backwards and hammering areas that went over budget is too little too late. There are signals all year long that an area is in trouble and we don’t jump on them, we just HOPE they’ll “turn it around in time.”

Perhaps every employee needs structural cost savings requirement built into their OKR set, or some other real time focus on cost that impacts all employees and permeates down deeper than the director level.

In any case - my feeling is that if GF (fabs 8 and 1 specifically) is to be saved. A lot of people are going to have to get out of their chairs, actively manage (even micromanage for a while) toward bite size pieces of cost and productivity. Case in point - as long as hiding financial reality away from the rank and file remains the norm, GF as a whole will have financial problems. Engineers and technicians love to solve problems, but they must be convinced that a problem exists (no one wants to waste time) - if we don’t make it clear that there is a problem - how can we expect anyone to solve it? In the end we’ll just have a bunch of execs and directors looking at each other and wondering why we couldn’t get it done - when the answer will be that they never made a compelling case to the labor force - rather, they played sizzle reels and lied while the enterprise assumed a slow glide path into the dirt - and in the end they will blame the labor force.

@sr but why only F1 and F8 share the load...
How about other fabs?