According to foreign media reports, the US foundry GlobalFoundries (GlobalFoundries) recently announced in an online employee meeting that it will lay off 800 people worldwide by the end of this year, mainly non-manufacturing employees, including senior managers.
According to foreign media reports, GlobalFoundries announced to all employees in an online meeting that, in response to the general economic changes, the company will adopt austerity measures, including reducing corporate and production overhead costs and reducing manpower. global by the end of the year. representing approximately 5.7% of its 14,000 employees worldwide.
Bloomberg reported last (November) that GlobalFoundries notified employees it will reduce its workforce but did not disclose when the layoffs will occur and which departments will be affected. The company later confirmed that layoffs and a hiring freeze were underway, but declined to disclose the number of layoffs at the time.
GlobalFoundries’ third-quarter revenue and earnings hit record highs: Fourth-quarter revenue is estimated to be in the range of $2.05 billion to $2.1 billion, and adjusted net earnings per share will be in the range of $1.24 billion. and $1.44. GF Chief Financial Officer David Reeder expects demand for automotive chips to remain strong in the fourth quarter, but growth in its communications and data center businesses could slow.
US tech giants have announced layoffs in recent weeks, Intel (INTC-US). Recently, it was reported that up to 2,000 employees in Ireland will take three months of unpaid leave as part of Intel’s cost-cutting plan. microns (MU-US) has also slowed the pace of hiring.
