Pros
CEO is good and is driven to make Globalfoundries successful. They are starting to execute. They have finally gone public. There are still good people at GlobalFoundries.
Cons
Turnover is still high. Interesting that if it’s a positive story, why are senior managers and executives still leaving? VP of finance left about a year ago. When finance leaves, what does that say for confidence in the profitability? Senior executive of HR is not trusted by rank and file. IPO was overpriced (2X the real value of the company) but the hype around the chip shortage is causing euphoria with investors causing the stock price to fly. Not sure it’s really a long term model of success with the way they keep losing money, but at least it’s losing less money quarter to quarter. I didn’t buy the stock as the company is not a trustworthy employer.
