Thread regarding GlobalFoundries layoffs

What is happening behind smoke and mirrors?

“Layoffs in the middle of COVID-19 pandemic will hurt company image: state and federal legislators (subsidies), local communities (forget employees). Will they manage to keep it silent and still meet the ambitious labor reduction target? Smoke screens like fake job openings, “lets grow together”, what else?”

I left the company before the pandemic, but I share your opinion, @bscw+17lmciaH. They will do everything just to keep the company image. I'm just curious what kind of show is going on in the background.

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| 2432 views | | 2 replies (last October 31, 2020) | Reply
Post ID: @OP+17wWHDkv

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That means so far all the work you have done was dumb. Now you will be working Smart. It took only 10 years to realize that. I was happy that GF only hires smart people and I am one of them. Unless it has a different meaning.

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Post ID: @bsma+17wWHDkv

To your question -
Confirmed by glofo folks – new round of reduction in workforce was announced before Halloween and called creatively “worksmart”, with targeted labor spend reduction in the teens %. Didn’t see it on the Bay Area news, curious whether any information in VT or NY mass media? Layoffs of such scale need to be submitted to federal and state Labor Dpts?

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Post ID: @aiky+17wWHDkv

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