GlobalFoundries plans up to 800 layoffs despite reporting record profitsDylan Martinon December 5, 2022 at 20:30 The Register
Record income? Tick. CHIPS Act subsidies coming? Tick. Yet chipmaker tries to make Wall Stret happier still
US contract chipmaker GlobalFoundries plans to lay off as many as 800 employees, proving that job security is not a foregone conclusion for a company that just reported record profits.…