Tuesday, December 16th 2008
AMD May Further Reduce Workforce
Layoffs or workforce reductions are a common feature for just about any company in functioning amidst a global economic crisis. Market sources tell DigiTimes, that AMD may layoff another 10% of its roughly 15,000 strong workforce in January 2009. According to the sources, the layoffs would be concentrated in the manufacturing division of the company, along with some administrative positions.
Earlier this year, AMD indicated that it would be reducing its then 16,500 strong workforce by 10%, and later in November by 3%. The company declined to comment on the report. AMD trimmed its fourth quarter estimates and the company now expects its Q4 sales to be approximately 25% lower than its Q3 revenues of US$1.585 billion. The decline, according to AMD, is due to weaker-than expected demand across all geographies and businesses, particularly in the consumer market.
Source:
DigiTimes
Earlier this year, AMD indicated that it would be reducing its then 16,500 strong workforce by 10%, and later in November by 3%. The company declined to comment on the report. AMD trimmed its fourth quarter estimates and the company now expects its Q4 sales to be approximately 25% lower than its Q3 revenues of US$1.585 billion. The decline, according to AMD, is due to weaker-than expected demand across all geographies and businesses, particularly in the consumer market.
4 Comments on AMD May Further Reduce Workforce
sad thuough, the way the economy is, AMD is probably the first to start feeling the tighter belt.
I wouldn't be surprised at all if we hear more of this kind of news from Ati, nVidia, Intel . . .