Foundry chip maker Globalfoundries has announced that it will lay off about four per cent of its Singapore workforce, cutting 300 jobs as a result of weakening macro-economic situation in the country.
The announcement was made along with Globalfoundries' roll out of its long-term initiative to expand 300mm manufacturing capacity in Singapore. The initiative is called "Vision 2015" but the company did not provide a budget for the project. Full story
