Thread regarding GlobalFoundries layoffs

Attrition numbers post AIP

The interesting question will be how many people will jump ship once the AIP bonus in March comes out? Each year we see a spike in attrition right after the bonus, but this year should be interesting, the company lost trust with most employees in Dec 2022 layoff. Another negative is GF salaries are known to be 20% or more lower than other companies in the same industry. Of course, the economy is a mess right now and many companies are tightening belts so that may help the attrition at GF. Of course, HR will never let us know how many people actually leave. I'm not sure I expect to see a huge increase this year due to the economy but the overall yearly attrition I expect to be very high, employees will pick and choose and wait for the job they want outside GF and it might not happen right away but eventually they will find it. My prediction is no huge spike in attrition in April/May but the overall yearly attrition globally will spike to >20% due to lack of trust in GF execs. Even India and Bulgaria got hit with layoffs so the honeymoon there is over, trust appears gone there too!!

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| 1961 views | | 7 replies (last February 23, 2023) | Reply
Post ID: @OP+1lgHwF78

7 replies (most recent on top)

@2xhe
I agree with @4sod. Even they are lying and dint work at Globalfoundries the points they are making are still valid and true. You d-mby.

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Post ID: @4evq+1lgHwF78

@2xhe
What part of OP original post has any lies in it? Instead of typing first and thinking second, maybe try things the other way around. I would challenge you to find anything which is a lie in OP's original post!!

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Post ID: @4sod+1lgHwF78

My team lost 2 (2 years with GF) in January

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Post ID: @3hdt+1lgHwF78

@2lov+1lgHwF78 lick on player, lick on.

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Post ID: @2yko+1lgHwF78

@2srw Yes, suggesting I'm the crazy one based on a single statement I made about the OP... One that every GF employee that's been paying attention knows is true, because OP is incorrect about several things in their post.

Stop projecting. Move on.

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Post ID: @2lov+1lgHwF78

@2zdt+1lgHwF78

You should rephrase that to OP doesn't work. OP got walked out the door now spends his bu-thurt days posting lies on here.

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Post ID: @2xhe+1lgHwF78

OP does not work at GF

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Post ID: @2zdt+1lgHwF78

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