Monday, April 7th 2008
AMD plans to reduce workforce by 10%
In a disappointing but agreed upon move, AMD has decided to cut 10% of its workforce due to lower than expected first quarter financial results. The majority of business segments (mainly CPU) did not meet financial targets and in most cases lost money (again, mainly CPU). The cuts will hit all groups (including the ones that generated profit like the graphics division, albeit at a smaller scale).
AMD currently employs 16 000 in its workforce; a 10% cut will mean approximately 1600 people will be relieved. The cuts are expected to begin mid-April and finish by the end of the 3rd quarter of 2008.
Source:
BusinessWire
AMD currently employs 16 000 in its workforce; a 10% cut will mean approximately 1600 people will be relieved. The cuts are expected to begin mid-April and finish by the end of the 3rd quarter of 2008.
76 Comments on AMD plans to reduce workforce by 10%
I think you guys are right about the ads though, I think the only place I've ever seen an AMD ad was at a hockey game, painted into the ice.
Also, if the graphics division is making the money, itd make sense to float them right now. Turn some attention to processors and get on the ball AMD. I love you, but shit you are killing me here.
The more people see the AMD + ATI logos, the more people will buy the hardware. TBH, I feel a lot of the times nowadays people are purchasing hardware based more on whose logos they've seen more often.
Seriously, I feel for the families of the laidoff workers. It has always been AMD's point not to spend millions on advertizing, it is a way to keep overhead costs down in turn keeping product prices down.
-Hogan
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It sucks to see this right when they're releasing their B3 Phenoms. This reminds me of when Kyle called the workers at the burger joint "you f*cking goobacks!" and his mom and dad come up behind him "Stan Marsh!"
And Kyle goes as he realizes that AMD may be in trouble "Ah...ah....AAAAAAWWWWWWW!"
There was no need for another PC. Just for the heck of it to support AMD I built another one for test purposes (infact from last November to now this is the third PC to support them). I am not going to spend anymore until they come back up. May be I should buy few of their shares for the money but it won't be fun overclocking!!
By cutting workforce you're effectively cutting output capacity. So to recoup losses and get back on track you need output.
As for their processor division, it is clearly what is dragging down everything else. Hopefully OEMs with AMD Tollimans in their machines appeal to the average Joe who may believe that since 3 cores are more than 2 cores, that a Core 2 duo at 2.4 will get dominated by a Phenom x3 at 2.2. At some point, though, when I upgrade from my Brisbane, I hope to get a B3 Phenom x3.