GloFo to cut 5% of workforce

Globalfoundries is to cut 5% of its 18,000 global workforce. “In the coming weeks, we will be initiating a targeted workforce reduction specifically designed to improve our global cost structure and minimize redundancies that have accrued from previous mergers and acquisitions,” says a GloFo statement, “this limited action will impact approximately 5 percent of our global headcount, ...

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