I'm still digging into this so if anyone has info let me know:
We go through these ebbs and flows," Spokesman Jim Keller said Wednesday. "Right now we're at a point where some customers delayed their orders. We're in a period where we don't have as much business."
Keller did not rule out layoffs, however. "Obviously, that is a last resort," he said.
The voluntary retirement program is focusing on support roles in sales, administration, information technology and finance.
In the New York plants, operators on the fab floor are also being offered early retirement, but Keller said operators are not being targeted in Essex Junction.
The AMD 14nm Ryzen chips are being made in Malta so they may be the customer that is delaying orders.
GlobalFoundries cutting workforce with early retirement
GLOBALFOUNDRIES is a leading full-service semiconductor foundry providing a unique combination of design, development, and fabrication services to some of the world’s most inspired technology companies. With a global manufacturing footprint spanning three continents, GLOBALFOUNDRIES makes possible the technologies and systems that transform industries and give customers the power to shape their markets. GLOBALFOUNDRIES is owned by Mubadala Development Company. For more information, visit http://www.globalfoundries.com.