I'm regretting leaving my previous position and coming to Malta and GLOBALFOUNDRIES.
It pains me to admit how bad things are.
At first I didn't believe the reviews I read of Glassdoor. I thought they were disgruntled employees who maybe didn't belong in the job they were in.
Now I understand why turnover is so high.
I have decades of experience in semiconductor manufacturing but have never seen such a mess.
HR is dishonest and worse than that mostly clueless They touted the perks of a Long Term Incentive Program while wooing me to join even while they knew that the plan was not funded the previous year nor in the year when the offer was made to me. The plan didn't pay out in the year I started and they canceled it the next year.
HR rarely gets anything done on time. Don't know if it is a poor HR function or HQ that keep changing things at the last minute. No matter, either way it effects employees and operations negatively. They are late with hiring plans, late with authorization to hire interns so we miss the best college applicants, late with getting the appraisal system open. Late with getting the salary tool open. And with all of this lateness it is never right the 1st time, changes get made and we have to do it all over again. The one thing they seemed to handle well was the layoffs. What should that tell you about their core competencies?
The company isn't making money. Salary plans and bonus plans are slashed.
No company has a great appraisal process but process at GLOBALFOUNDRIES is a joke. Way too much time and effort is put into setting goals, documenting results, gathering peer input, providing peer input and countless layers and layers of management reviews. In the end managers are disregard actual achievement and force fit everyone into a predetermined distribution with no wiggle room.
I had great hopes that GLOBALFOUNDRIES could get a good start but we seem to stumble at every step.
