Not recommended for long term career - Recensione dipendente - PMTS presso GlobalFoundries

I spent 8 years working at the Malta site as a technical leader in the integration organization. I had high hopes for the success of GF, which began to fade over the past 2-3 years. Health costs are higher than competitors. GF has started to charge based on your salary, making higher paid workers pay more than others. This and other changes impacting employees salary and benefits are all driven by the severe cash poor situation and poor financial outlook for GF moving forward. Poor morale since major layoff which removed majority of senior technical leaders in production has driven many newer workers from the company. There is very high attrition due to low confidence in job security, loss of technical resources, and too many changes in direction by senior management.