According to foreign media reports, the US foundry GlobalFoundries (GlobalFoundries) recently announced at an online employee meeting that it will lay off 800 people around the world before the end of this year, mainly non-manufacturing employees, including senior executives.
According to foreign media reports, GlobalFoundries announced to all employees in an online meeting that in response to overall economic changes, the company will take austerity measures, including reducing corporate and manufacturing overhead costs, and reducing global manpower before the end of the year. , accounting for regarding 5.7% of its 14,000 employees worldwide.
Bloomberg reported last (November) that GlobalFoundries has notified employees that it will reduce manpower, 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 in progress, but declined to disclose the number of layoffs at the time.
GlobalFoundries’ revenue and profit in the third quarter hit record highs. It is estimated that the revenue in the fourth quarter will be between US$2.05 billion and US$2.1 billion, and the adjusted net profit per share will be between US$1.24 and US$1.44. GF Chief Financial Officer David Reeder predicts that demand for automotive chips will remain strong in the fourth quarter, but growth in communications and data center businesses may slow.
U.S. technology giants have announced layoffs in recent weeks, Intel (INTC-US) Recently, it has been reported that up to 2,000 employees in Ireland will take three months of unpaid leave as part of Intel’s cost-cutting plan. Micron (MU-US) also slowed the pace of hiring.
