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"Certainly we feel tremendously bad for the employees that are gonna be let go, that's traumatic. Let me guess, empty.I bet everyone enjoyed the 7 nm updates and learning about the roadmap to 5 nm!Messages relating to layoffs atGlobalFoundriesare presented below the company info. The news comes two days after Marvell completed its $600 million purchase of Avera Semiconductor, which GlobalFoundries spun off in October … GF In The News. Fab 8 operates around the clock. ESSEX JUNCTION, Vt. (WCAX) Layoffs are underway at GlobalFoundries in Essex Junction. So while we're saddened by the new that's happening in the Capital Region, that locally we look forward to GlobalFoundries investing in the 14 nanometer mode node, and also their efforts to expand their 300m customer base with the deployment of 5G technology. There is no official word as to how many jobs in Malta will be cut, but published reports have said hundreds of people will be affected.GlobalFoundries hosted an open house at its computer chip fabrication facility in the Saratoga County town of Malta Monday evening.The company operates its Fab 8 campus at the Luther Forest Technology Campus in Malta, and employs more than 1,000 workers at the facility.Saratoga County Chamber of Commerce President Todd Shimkus tells SPECTRUM News GlobalFoundries called Monday to tell the organization about the job cuts. Anyone else know if this is true?Is GF still going for IPO?Has the bullying stopped?How’re the leaders doing with their bonuses?https://www.timesunion.com/7day-business/article/GlobalFoundries-ready-to-make-7-nm-chips-in-2018-11215783.phpRecently it was reported an employee was released due to breaking GF work ethics policy. Phil Scott’s weekly press conference Thursday.The GlobalFoundries job cuts follow on the heels of other high-profile Chittenden County high-tech companies that have laid off workers.Don't miss the best of VTDigger“This is a Marvell move; this is not a GlobalFoundries move,” said Laurie Kelly, vice president of global communications for the company in Malta, New York.“I’ve had conversations with the leadership of Global as late as two weeks ago and they were not talking about leaving at all,” he said. Rigorous nonprofit news for Vermont.But in the case of GlobalFoundries, he said, “it’s hard to predict where it’s going to go.Anne Wallace Allen is VTDigger's business reporter.
Learn more about Mobile and Wireless Infrastructure. The Marvell transaction is not the only reason, she noted.“It has more to do with the global semiconductor industry than it does to do with activity in any particular state, including Vermont,” said Couture, who this week was fielding calls about dozens of layoffs at the Essex Junction semiconductor maker.“They don’t always think about the impact they have on the state they’re in … or the local county,” Harrington said.“People sort of jump to conclusions,” Couture said.
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