News GlobalFoundries To See Job Cuts as $200 Million Per Year Savings Bite

Yeah, just when we need them now this doesn’t make any sense. Very fishy indeed.
 
So on the back of record revenue and income, they are making cuts? Feels like some short term thinking...
They made 336mil and the shareholders got 337 of that...
And they also are still 14b + in the red.
Revenue and income aren't the only things here.
Net income $336 $5
Attributable to:
Shareholders of GlobalFoundries $337 $6
Non-controlling interest $(1)

Accumulated deficit (14,689)
 
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