Thursday, November 3rd 2011
AMD In for Total Restructuring, Executive Layoffs at Hand
In a move that could "ruin a lot of people's Christmas," as TechEye puts it, it is learned that AMD is headed for executive layoffs. The company's new CEO, Rory Read apparently sees value in a leaner, more efficient organization. This, despite rather positive third quarter results, where AMD bagged $1.69 billion in revenue and $97 million in profit. The CEO is eying total restructuring, according to sources. As expected, AMD refused to comment.
Source:
TechEye.net
69 Comments on AMD In for Total Restructuring, Executive Layoffs at Hand
Let's hope this is a good thing at AMD and it doesn't mean the start of something bad. But let's face it, management restructuring isn't something a confident and stable company does. I hope Rory Read turns out to be a business genius. I really do.
ha ha ha
Plenty of firms undergo restructuring and make a complete recovery too, that point was invalid.
I'll go with my original reaction upon hearing of SuperRory's appointment: Sure as hell PR and marketing all deserve culling (pity Dessau and Fruehe aren't mentioned), but axing engineers ??
AMD are supposedly keen to cut out the deadwood and trim salary expenditure....how many board members are getting shown the door ? . If I were a gambling man- and I am- I'd put the number at 0 (zero)
www.google.com/hostednews/ap/article/ALeqM5gADDDNyKt_XlV0X89y6645aaHIfg