There is only one negative, but that negative has persisted without abatement every year. This negative influences everything and has squandered $billions and ruined hundreds of good people.
I am talking about the top leadership of the company. I am not talking about the middle managers and shift level supervisors that local HR leaders continue to blame for the toxic culture in Malta. These folks have done very good work despite HR and Top Leadership, they deserve a medal.
I have lived through three generations of fools running the company and running Malta. Each group of fools has been a cast-off from somewhere else, most frequently from another company that failed and is no longer in business. Each new cast-off has brought in its own cadre of cast-offs to fill critical positions. Each time we change leadership, the company takes a left turn into a dead-end that a reasonably competent leader would have foresaw. Who pays the bills for these mistakes? Mubadala and the everyday employee, whose bonuses and pay continue to lag, and who has to make up the work caused by persistent double digit turnover.
HR blames low morale on middle managers for not holding better 1:1 meetings and not performing better career counseling. They have a hard time answering the question- what career? There are no careers here, there are only jobs that people trade their souls to do until they can find something else. Everyone's career plan is to find something else.
So now we are becoming IBM, I guess because IBM microelectronics has been such a success that they can infuse Globalfoundries with the correct tonic for what ails us. It is still unclear why IBM paid us $1.5billion to unload this toxic waste. But is clear that having led a failed company is a key criteria for getting top leadership role at Globalfoundries. And so it goes, another ship of fools at the Top.
