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[Engadget] AMD could slash up to 30 percent of its workforce

post #1 of 86
10/12/12 at 5:30pm
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Quote:
AllThingsD and CNET are reporting that 30 percent of AMD's workforce could be laid off, though one of several unnamed sources notes the cuts could be as low as 10 percent. If these reports hold true, this would be the second round of layoffs for AMD within a year's time. The reductions will reportedly affect the firm's engineering and sales employees, and may be serious enough to cause a paring back of product lines. The silicon giant could potentially reveal its plans as early as next week, which would coincide with the announcement of its third quarter financial results. With the company expecting a ten percent revenue drop in Q3, it looks like the latest figures will continue the trend of less than ideal results.

http://www.engadget.com/2012/10/12/amd-jobs-30-percent-workforce-layoffs/


Horrible news regardless of whichever company you're a fan of.
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post #2 of 86
10/12/12 at 5:34pm
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post #3 of 86
10/12/12 at 5:35pm
Oh my god.
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post #4 of 86
10/12/12 at 6:04pm
not looking good for amd
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post #5 of 86
10/12/12 at 6:19pm
It's the end of AMD. Just look at where the stocks are trading. They lost about 50 cents per share today. So it went from 3.25 ish to 2.74 in a day. I am pretty much waiting for them to be bought out.

Watch it be apple and they both take each other out in a giant fire ball.
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post #6 of 86
10/12/12 at 6:22pm
i hope they sell to china instead!
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post #7 of 86
10/12/12 at 6:26pm
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Personally i dont want them to fail because their GPU devision is not doing bad.
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post #8 of 86
10/12/12 at 6:29pm
Quote:
Originally Posted by jprovido View Post

not looking good for amd

Neither is the economy. Nearly everything is going to pot. :/
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post #9 of 86
10/12/12 at 6:30pm
Thread Starter 
Could be the rebirth of "ATI" as a GPU producer only again; if they sell of that division, though it's so integrated in what they do on the desktop side of things with APU's now, though a license agreement could fix that.
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post #10 of 86
10/12/12 at 6:35pm
AMD never really took off all that well after they bought out ATI, did they?
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