Thread regarding GlobalFoundries layoffs

Daily reminder

TC sold 250k shares November 11th at $64 per share, announced layoffs the following week. He downsized Malta workforce by >7% the week before Christmas. GF stock is now trading at $52. Oh and your raises are delayed until late 2023. Happy New Year!

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| 1703 views | | 10 replies (last December 29, 2022) | Reply
Post ID: @OP+1kpvRD7z

10 replies (most recent on top)

@1zou+1kpvRD7z
@1esp+1kpvRD7z

Ok maybe a little over the top but he isn’t wrong. What’s with the TC love? I mean the guy did technically ruin a bunch of family Christmases

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Post ID: @1zsp+1kpvRD7z

Guys, please leave the prime Rib out of it. The thought of this sleazy crook masquerading as a tech leader cutting into prime beef is completely putting me off my favorite cut of beef!

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Post ID: @1eqx+1kpvRD7z

@ule

Don't even bother, it's the same guy who's infatuated with TC, who starts several threads daily. They then spend the day, or week manipulating the count. It's fun to watch how quickly the post count goes up and down.

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Post ID: @1esp+1kpvRD7z

I can think of place where he can put the prime rib..

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Post ID: @1xln+1kpvRD7z

Do you think..... You're a bitter, Jealous person with way too much time on your hands? Get a hobby, or maybe do your job. Sheesh.

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Post ID: @1zou+1kpvRD7z

Do you think….. As he sat down and carved his Christmas prime rib on Christmas Eve; that he paused for a moment and thought about the 800-1000 people he just laid off a week earlier. Did he hope in his heart they were having a good Christmas. That they too at that moment were carving up their own Christmas prime rib. Maybe felt a little sadness for any tribulation and hardship he may have caused those families on this holiest day? I can picture it. Maybe he even internally cried a bit as he carved the meat to his family and dinner guests.

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Post ID: @gxl+1kpvRD7z

@OP+1kpvRD7z
Get your figures and dates straight. He sold on 4 different dates. 11/10/22, 11/11/22, 11/15/22 and 11/16/22.
Scroll to the bottom to see the names of our GF board members that also sold, all of the the dates and amounts.
https://www.theglobeandmail.com/investing/markets/stocks/GFS-Q/insiders/
It makes me wonder are they all retiring? Is the company going to get sold? Investing elsewhere in technology? What exactly do they know that we of course do not?
Why is GF registered with the SEC in the Cayman Islands-no taxes.

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Post ID: @mhn+1kpvRD7z

Hard for me to stomach if anyone of us try to defend this leadership. It gives me goose bumps. .

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Post ID: @jsb+1kpvRD7z

Hey OP. Give it a break. I am not defending TC, but he has certain times he can sell stock, as a CEO, legally, which is only a couple times a year, and there was no hidden news.

Brush up on your stocks and businesses. Find a hobby, along with the other people that want to serve everyone reminders over the most mundane topics.

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Post ID: @ule+1kpvRD7z

Meh, old news.

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Post ID: @qqe+1kpvRD7z

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