Chip manufacturing giant GlobalFoundries Inc. is cutting 50 workers based at its former headquarters in Santa Clara amid a slowdown in the semiconductor industry.
The company, which goes by GF and is now based in New York, plans to lay off the employees March 17, Pradheepa Raman, its chief people officer, told state and local officials in a letter made public Thursday. Raman blamed the move on the uncertain and difficult economy.
https://www.bizjournals.com/sanjose/news/2022/12/29/globalfoundries-cutting-workers-from-former-hq.html
10 replies (most recent on top)
Need to trim all the fats who are enjoying California's sun.
Yea mass exodus is starting up. Everyone fleeing the sinking ship
Came back from holiday yesterday and a few members of my team who were not laid off did not return for the new year.
Did it ever occur to anyone that it really didn't have a lot to do with money, but purging the troublemakers. The people let go ranged all over the dollar spectrum, but all had one thing in common. They were either on someone's sh-t list, or they really pi-s-d someone off. Easiest way to get rid of someone with no strings attached is the layoff.
If it was really that bad then what made the financials look so good. Why we keep laying off employees and making it worse new year for the affected and all?????????????!!?
Are we planning to file bankruptcy soon?
It’s all cheap seats and Lick3rs now. Going to be interesting to watch over the next or two.
GF will make potato chips soon if they do not need so many employees and keep laying them off. I doubt lickers remaining will be able to support even routine mature manufacturing.
How many employees do they have left in Santa Clara?
Yes we will def hear more happening in March time frame
GF is doing good in trimming work force at least. This is going to be routine news for GF in coming days as long as GF survives bankruptcy.