This is to "keep track" on the exercise starting tomorrow.
Which job levels getting the hatchet.
Good to also indicate the site affect so we will know the impact to the different sites
45 replies (most recent on top)
@2tga back here, just signed the papers.
Site: Fab 9
Job Level: 3
Job: Maintenance
Years of Service: 3
Severance: 90 days continued employment without duties + 4 weeks pay (the 2wk/yr doesn't kick in until 4 years), lump sum payment to cover COBRA for 4 additional months.
The contract puts an end date of June 30, 2023 for the 2022 layoffs.
I don't have much experience getting laid off, but this definitely offers me some flexibility I wasn't expecting.
Some manager pinged me to let me know that one of the people I work closely with was let go and that I should contact someone else from now on. Some of the verbiage they used seem to indicate this is only the "first" in a sequence.
@3grg+1k83LIUa as if people want to be rehired
Fab 8
Job level: 2
Department: Process Engineering
Years of Service: 4
No performance issue, was told “only due to business needs”
AME
Job level 5
5 years experience
Employee until March 17 and 2 weeks pay for each year. I wasn’t on health insurance to begin with
Fab8
Level 5
7 years
90 days continued pay until March 17th
2 weeks severance for each year paid in lump sum after the 90 day ends
3 months current health ins then transition to 3 months of cobra insurance.
All bonuses paid out for Q4
Fab7
Level 5
New hire and all new hire in TD
Merry Pivot & enjoy your paid time off. The next big ramp is in March 2023, we'll hire you all back then.
Fab8
Level 5
Dept: AME
Service: Four months
No idea on my total length of severance but it's probably gonna be shoooooort.
Fab 8
Level: 9
New job starts Jan 1, not sure how affects package
@2rcb, because everyone else in my team is higher level than me.
Fab 8
5
5 yrs
@2tjg why the disbelief?
Site: Fab 8
Job level: 8
Years of service: 5
Severence: will get a package from HR later. Everything continues till Mar 17th. + 4 months of Cobra + AIP + ESPP but manager doesn't see the package so need to wait for confirmation. Reason for layoff cited was affordability. And I absolutely do not believe it.
AIP is for level 6 and above. Level 5 and below are QPB. I’m level 5 and was switched to QPB last year.
Level 5 and below get AIP
How did you get AIP at level 4?
My coworker got walked. Email at 8:45 for a 9:30 meeting
Site:Fab 8
Department:Facilities
Years of Service: 5
Fab8
Level 4
Started when GF started
Severance is paid as an employee until March 17th. Normal 36/48 check. Acrue vacation until then.
After March 17th paid out vacation plus 2 weeks per year of service + aip. + something else. Details were fuzzy. Pending email follow up for for list of details.
Option to apply to open reqs.
Overall not a bad package
Anyone else fed up with all these posts with no definite details of the severance package? This thread has not been reliable since the beginning lol
Site: FAB8
Job Level: 9
Job Type: IC
Years of service: >10
I've been chosen. More details once I know what the papers I would like to sign say.
2x from SGP R&D
Level 9 and level 10.
Over 20 years of service.
No idea on severance
Site: FAB69
Job Level: Level 9 a[][]-li---r
Department: Consulting
Service: yes please
Severance: paid sabbatical, self-option to return.
Agreed use this thread. Please don't post BS like earlier.
Please no names - not worth it.
Need this thread to be reliable.
Finally, good luck everyone.
We can still use this thread for input if you know who got axed
Site: FAB8
Job Level: 11
Job Type: ?
Department: ?
Years of service: ?
Severance details: ?
@1edo+1k83LIUa Will probably see many tomorrow
@1civ+1k83LIUa Fake news. Has to be 90 days WARN pay, and 2 weeks for every year of service from what I am hearing.
We are definitely losing two people if my mgr's being real with hints dropped. No action today. Likely being told tomorrow/Wednesday. Only BMFICs being cut today.
First post is likely a fake. Been told that two weeks per year of service would be paid, not one. Only hearing of big names being popped. Engineers and techs will be Tuesday and Wednesday.
If you look people up in teams, the ones laid off have their status as unknown.
I know three director or sr director level are gone. I guess they will not post here. They are the ones who enjoyed the being managers these years.
I am not buying the first post that they were laid off. The big tip-off is the pay involving a week for every year served. Word has it that there will be two paid weeks for every year served.
Upper level managers and directors have been the news, today. Engineers and techs will be Tuesday and Wednesday.
I guess not many people being laid off lol, no one has added any posts to this today.
@1khz+1k83LIUa
Amen. Globalfoundries is sneaky scumbag tactics. Yes you can argue it’s “smart,” business moves. But everyone sees it for what it really is - shady rat business moves. You are right don’t ever trust Globalfoundries corporate and business units and leadership and really by extension the scripts they give our individual managers. It’s all fake “tow the company line” bullsh-t dressed up appear like it’s in our own personal best interests. Snake oil conman the whole lot of them
Vacation payout is required by law, as is Cobra coverage iirc- unless they’re paying the full premium.
So they are doing the absolute minimum legally required for the laid off folks. Not even releasing the already too little RSUs. Noobies take note and never be fooled again by bs corporate sweet talk.
It’s 90 days/Warn if site wide impact is 250 or more people. It’s not. The 60 days is correct
90day is WARN.
Something is wrong here.
NY Warn act is 90 days… did they explain the discrepancy?