Globalfoundries layoffs, on the record
Every job cut, severance charge and restructuring Globalfoundries reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2025 | approximately 14,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCommunicated and implemented a worldwide restructuring plan to realign the business and strategic priorities, including a reduction in full-time employees, reduced leased workspace, and consultants for strategic support.
Word for word“In December 2022, the Company’s management approved and commenced a restructuring plan aimed to realign the Company’s business and strategic priorities.” 20-F for 2023
Our summaryAnnounced phase two of the restructuring plan, with costs comprising termination benefits and direct transition costs.
Word for word“In February 2023, the Company announced phase two to the restructuring plan.” 20-F for 2023
Our summaryRecorded restructuring charges for the year, which included employee-related costs, leased workspace reductions and transition costs.
Word for word“The Company incurred $ 71 million and $ 94 million of restructuring charges for the years ended December 31, 2023, and 2022, respectively, which included $ 3 million of accelerated share-based compensation expense in 2022.” 20-F for 2023
Our summaryPaid restructuring amounts, reducing the restructuring provision to a year-end balance.
Word for word“Amounts paid ( 126 ) ( 5 ) Ending balance $ 31 $ 86 The actual costs that the Company will incur may differ from these estimates based on the timing required to complete the restructuring plan, the number of people invoiced and the final termination benefits.” 20-F for 2023
Our summaryRestructuring plan approved in December 2022 that included a reduction in full-time employees, reduction in leased workspaces, and engaging consultants; phase two was announced in February 2023, and restructuring charges were recorded in 2024.
Word for word“In December 2022, the Company's management approved and commenced a restructuring plan aimed at realigning the Company's business and strategic priorities.” 20-F for 2024
Our summaryRestructuring plan's costs comprised termination benefits and direct transition costs, with the number of people affected not specified in the filing.
Word for word“The Company incurred $ 7 million and $ 71 million of restructuring charges for the years ended December 31, 2024 and 2023, respectively.” 20-F for 2024
Our summaryThe company recorded restructuring charges tied to a 2022 global workforce reduction, a reduction in leased workspace, and consultants engaged for strategic support; a small part carried into 2024.
Word for word“Restructuring Charges We incurred restructuring charges related to a 2022 reduction in our global workforce (a small portion of which carried through to 2024), reduction in leased workspace and engaging consultants for strategic support.” 20-F for 2025
Our summaryThe company reported restructuring-related amounts used from provisions in 2025 and 2024, including $4 million and $34 million for restructuring.
Word for word“(1) Includes $ 7 million and $ 2 million related to asset retirement obligations and $ 4 million and $ 34 million related to restructuring charges for the years ended December 31, 2025 and 2024, respectively.” 20-F for 2025
Globalfoundries has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Globalfoundries’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.