Thread regarding GlobalFoundries layoffs

While you were distracted..

PB and many on his staff were promoted in role, a couple of months ago on top of JS boasting about rapid hiring...

Ops, now we need to reduce OpEx!

Lets layoff 5% of the people vs undo all these promotions or de-band many 10+'s.

Promo's at that level are rich, very rare and a big $ deal.

See through the smoke and mirrors folks, its time to coast/quite quit.. or Unionize.. or do something, can't just keep on going like this.

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| 2041 views | | 5 replies (last December 11, 2022) | Reply
Post ID: @OP+1k5Uutk2

5 replies (most recent on top)

This reads like a distraught ex rofl

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Post ID: @3jrl+1k5Uutk2

Unionization is not feasible in the semiconductor industry due to its' culture. More often than not, unionization exists to protect blue-collar workers, who are otherwise powerless, and civil servants/educators, who are targeted due to their public role and the taxes that fund it. Our blue-collar workers, in the clean room, tend to have a military background or commute from smaller towns and rural towns nearby. Politically, those are not demographics that are fond of unions. The engineers and managers, on the carpet, are highly paid individuals, who thrive by hopping from company to company and negotiating higher pay and promotions with each new employer. Unions would standardize pay, benefits, and rankings in such a way that prevents many of the benefits of job hopping - harming recruitment. I've been in a union and there were many drawbacks for every positive. I'm not against having one here, but I understand that it would not lead to any significant improvements and am realistic enough to know it isn't likely. Unionized companies lay off employees, as well, the union just gets to help shape the process - which tends to be based on seniority. Look at your local school districts during the 2008 recession, when budgets tightened. The educators cut first were the youngest + the most recent hires with their performance being barely a consideration.

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Post ID: @1tay+1k5Uutk2

odd timing for promotions..

Union or not to unionize, wont change anything, just scare leadership a little, as they lose some control. Everyone loses either way.

Best to find a non-union place that just treats their people well, and knows how to run a business well, in good and hard times.

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Post ID: @jxg+1k5Uutk2

Union members get laid off also.

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Post ID: @bva+1k5Uutk2

I'm generally pro-labor, but recognize workers at GF have it pretty good relative to others. I'm interested to hear from the pro-union GF people here what they think being in a union will achieve for them.

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Post ID: @hdp+1k5Uutk2

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