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. LightFieldStudios/Getty, Peter Dazeley/Getty, J Studios/Getty, Tyler Le/BIChipmaker 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 student loan debt that she hoped to pay off by 2032.While she's kept up with her payments — which amount to a few hundred dollars each month — they've made it harder for her and her significant other to save for a home and their future family, the 28-year-old told Business Insider.
Similar Stories to One Chip Company's Newest Tactic To Attract Workers: Help Pay Off Their Student Loans on Bing News
jzinkula@insider.com (Jacob Zinkula), Business Insider
Sat, 10/19/2024 - 3:01am
Topics: globalfoundries lightfieldstudios/getty peter dazeley/getty j studios/getty tyler le/bichipmaker americans ai chatgpt president joe biden science act semiconductor industry association oxford economics pradheepa raman chips act malta edassist bright horizons austin mba stephaniethe reach new york-based morgan us in business insider new york york bi biden chips stephanie company's pay attract workers student loans debt relief program employees years told workforce spokesperson challenges year broader eligible programs month employee current expects companies production future save earned home address estimates privacy people benefit enrolled talent changer family game factory federal identified asked addition reasons weeks skilled technicians balance part colleges signed
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