One chip company’s newest tactic to attract workers: Help pay off their student loans

The New York-based chipmaker GlobalFoundries rolled out a student debt relief program this year — part of the company’s broader efforts to address workforce challenges.

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Chipmaker GlobalFoundries began offering student loan debt relief to eligible employees this summer.
The benefit is aimed at helping the company attract and retain workers.
This comes as firms across the semiconductor industry are concerned about workforce challenges.

When Morgan earned her bachelor’s degree in 2018, she graduated with over $20,000 in .

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source:https://www.businessinsider.com/student-loan-debt-relief-globalfoundries-semiconductor-chip-workforce-shortage-2024-10