AMD lays off 10-12% of workforce, new CEO cleans house
Subject: General Tech, Processors | November 3, 2011 - 08:22 PM | Scott Michaud
Tagged: layoffs, amd
We have been discussing AMD’s condition and future outlook over most of recent memory. Since the lawsuit versus Intel and the subsequent trying by the Big Blue Giant: AMD’s apparent jab-haymaker combo of lawsuit-Sempron to push heavily in the consumer market seems to have been mostly dodged and countered by Intel. While this last quarter has been positive there is little time for positive press; AMD has, today, removed 1400 employees from their company.
There was a time that AMD said they could beat anything Intel could throw at them.
That means that what AMD is releasing now is as-good or better than where they thought CPUs would be.
Food for thought.
It is not very uncommon to see layoffs during restructuring in the 10% range when a new CEO enters a company. The sad part of restructuring is that there is often little consideration about which employees comprise that 10%; rather, their job descriptions. These layoffs in isolation do not say much about AMD’s health in the upcoming time but should tint in one way or another how to perceive their upcoming actions. Where the future is positive or negative depends on how this ties into that.
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