Thread regarding GlobalFoundries layoffs

Waitinggggggggggggggggggg

I doubt we will get any useful info from TC tomorrow, he will probably give an usual corporate speech about economy, inflation etc, and not any specific details. Lot of people will be disappointed after waiting for so long. Just my take.

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| 1551 views | | 8 replies (last December 1, 2022) | Reply
Post ID: @OP+1jXtTNFt

8 replies (most recent on top)

Without Mubadala's (TB) blessing, TC and SLT won't be doing this.

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Post ID: @1ymi+1jXtTNFt

What kind of CEO is this ??? Laying off to boost stock ???

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Post ID: @hrj+1jXtTNFt

Agree. TC and his whole team is exposed big time. His ebitda story , Feature rich potential story and all big lies are BS and known to all of us. He knows that he can not play that BS game anymore. GF planned layoff after declaring revenues increase and improved guidance in hope of boosting stock prices.. it has failed .. this guy is exposed as stock did not boost and his lies of strong business model BS story is exposed to all.
He needs to explain and apologize for his wrongdoings before there is massive brain drain of remaining employees as TC has failed at all front. Mubadala will soon fire him as soon share prices will go below IPO prices and stakeholders will pull out of they do not see growth in their money even after waiting for a year.
On top of TC’s lies.. bad and incompetent leadership all over key departments is not going to help slow down of collapse of GF.
It’s dates are numbered and time to escape from this he-l is now before market gets flooded with all GF employees looking for job.

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Post ID: @dbm+1jXtTNFt

What really gets my goat is the non stop BS marketese language the leadership (down to say second line managers) uses to talk to us like we are fools. Everywhere you look the internal websites, the picture boards through the site are just full of these stupid copy written by some advertising company vendor. Its all a bit vomit inducing. I hope to work for a company that minimizes this sort of BS communication time wasting tricks.

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Post ID: @ojl+1jXtTNFt

Don't worry, living through GF layoffs will get easier, you must be new here.

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Post ID: @luv+1jXtTNFt

We’re potential shareholders but Mubadala still owns a controlling interest in the company, make no mistake. Abu Dhabi is calling the shots.

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Post ID: @cqv+1jXtTNFt

Reminder that we are all potential shareholders. We deserve the answers that were given to the majority share holders

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Post ID: @vkh+1jXtTNFt

Yes it’s going to be bullsh-t and misdirections to cover their as--s. It will be interesting to see his demeanor because unlike past ones they know they fd up handling this one. And that that sham schemes and facades of lies has been exposed big time.

And it’s about time. I recall a post on here few years back basically saying this. That time will come when their tricks and misdirects will run out and people will get smart to them and I think we finally reached that point where the masses are just not buying it anymore

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Post ID: @pdf+1jXtTNFt

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