AMD likely slashing 10 to 30% of its workforce

Subject: General Tech | October 15, 2012 - 02:54 PM |
Tagged: amd, jobs, sad

If Friday's announcement of AMD's lowered financial expectations was not enough to depress you, The Inquirer has heard from three separate sources that AMD is looking to cut between 1000 to 3000 employees, representing 10% to 30% of its workforce.  Rory Read's excising of the marketing department has not magically reversed the $500M in reported losses so far this year and so he will be attempting to treat the symptoms with a larger dose of the same cure.  Being a publicly owned company who have seen their stock prices plummet by 14% last week so something had to be done, even if on the surface it looks to be bad for the company in the long term.  The chances are good that the graphics department will be left mostly intact but the CPU team could be facing a lot of cuts which could slow or derail the development of the next generation of processors.

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"Last week AMD revised its revenue forecasts down considerably due to weak demand and now multiple sources have said that the firm is preparing to lay off a significant percentage of its workforce. According to three sources that spoke to Allthingsd, AMD is preparing to cut anywhere between 10 percent and 30 percent of its 11,000 employees."

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Source: The Inquirer
October 15, 2012 | 02:56 PM - Posted by mAxius

Sweet Jesus this does not look good for amd

http://semiaccurate.com/2012/10/15/amd-is-imploding-because-management-d...

October 15, 2012 | 06:51 PM - Posted by Anonymous Coward (not verified)

Haha, Charlie is in full froth mode. I think I'm gonna go post in his forum and link to some anandtech ivy bridge benches. I think I might really be able to push him over the edge this time.

Seriously, by the time AMD ends up in bankruptcy court good ol Charlie will be soo butthurt he'll never be able to sit down again!

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October 15, 2012 | 06:46 PM - Posted by Anonymous Coward (not verified)

Slash and burn AMD, who-hoooo! Firing all the wrong people again! Long live Rory 'CPUs are fast enough' Read.

Although I don't know how they will downsize the gpu drivers division by 10-30%. What, are they gonna make the one guy that still works there move to part-time hours? Ka-ziiiing! Iceburn!

October 15, 2012 | 10:29 PM - Posted by Anonymous (not verified)

Any company that lays off engineers is never in a good place.

AMD died 2 years ago.

October 16, 2012 | 05:25 AM - Posted by collie man (not verified)

this is sad. A Lot of enthusiast look down on amd but for the general consumer they build a decent chip for a great price with awesome graphics. Talk to most people buying a system and it's either break the bank with a power rig or a flashy mac, or for the much more common, $500 or less. In the low end, your choices are Intel: Atom or Pentium, AMD: Llano or Trinity, a REALLY easy choice. Do we really want to live in a world without the AMD option? I think not

October 16, 2012 | 09:01 AM - Posted by Anonymous Coward (not verified)

Nobody is saying they want to live in a world without AMD. We want to live in a world where AMD is under competent management.

For an inside look at criminally bad management have a read here. You'll see how management has mistreated its engineering talent and caused it all to flee over the years. You'll see how automation and cost-cutting has lead to the current situation. Stop thinking that AMD doesn't need the high end. There's a reason every car manufacturer wants win in LeMans.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64906447

No smart AMD fan owns AMD stock anymore. No smart AMD fan runs AMD procs except in econoboxes where it doesn't matter who makes what anyway.

October 16, 2012 | 08:05 AM - Posted by orvtrebor

:(

October 16, 2012 | 01:06 PM - Posted by Bill (not verified)

AMD is obviously done making cpus. Already their last generation of cpu's was at best a total joke, but now they are firing their cpu engineers? Let's hope for competition's sake they can keep it going with graphics.

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