Globalfoundries is working on plans and notifying employees of layoffs and hiring freezes.

(Reuters file photo)

[Financial Channel/Comprehensive Report] "Bloomberg" reported that Globalfoundries is making plans and notifying employees that it will lay off staff and implement a recruitment freeze to reduce annual operating expenses by $200 million (about 6.2 billion Taiwan dollars).

A GlobalFoundries spokesman confirmed the matter, but declined to disclose the exact number of layoffs.

The spokesman added that GF's third-quarter financial report was strong and its fourth-quarter forecast was solid, but based on the current general economic environment, it was seeking cost control.

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Intel recently said that it will cut costs and lay off employees. Not only that, but companies such as Micron, Meta, Qualcomm, Twitter, Apple, and Amazon have also implemented recruitment Slow down, layoffs.

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