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
"The layoffs and other actions are expected to save $200 million in savings in 2012."
So, they'll have less savings? :wtf::confused::laugh:
Was Bulldozer a fail?
You may have link the real deal but still btarunr posted a rumor article instead of the real one...
it was sad for him to get axed. BD might not be what everyone expected but as someone already mentioned- the APU is working out quite well. AMD returned to profits due to Dirk's leadership
I hate when stupid people are in positions of power...
In fact, the story went from being "rumour" to "news" on THIS thread three hours before you posted - let alone the Icrontic story I linked to earlier.
BTW: Nice MS Paint skills. Heavy meds uh?
we may see also a divided amd to smaller companies who knows
Many corporations pull this cr*p before the end of the year, so that they can make it look, either, good or have the illusion of such for their books. The survivors can then hope to get a larger sweet bonus, for having increased the bottom-line on paper.
Money is the driving force in that decision. Big dog eats little dog to live.
Creative’s motives were to acquire the Aureal's technology and assets. Creative had no intention of amalgamating the two brands.
AMD intentions were to step into the CPU market and hence amalgamate the two brands.
"executives" in general are not evil. i get the point you are making but being a white collar worker instead of blue doesn't mean you are screwing the blue collar workers over for profit. not saying it doesn't happen, just saying to assume that it is the case is disingenuous.