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[hardocp] AMD Denies Job Cuts

post #1 of 15
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Quote:
Apparently AMD is denying the report earlier that claimed that “pink slips have been handed out now†and refused to comment on “rumors and speculation.†Obviously that doesn’t necessarily rule out cuts in the future but, for now at least, nobody has lost their job.

A report from The Inquirer Wednesday said that AMD has already started cutting workers from its payroll, with plans to shed 5 percent of its workforce across the board. An AMD representative denied that any cuts have taken place as of Thursday morning, but when asked if cuts were impending, declined to comment on "rumors and speculation."

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post #2 of 15
Deny, deny, deny.
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Lee XT
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post #3 of 15
what the hell?

first cutting costs, now just rumors.....WHAT THE HELL AMD?

Get your garbages straight!
    
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post #4 of 15
Quote:
Originally Posted by XFreeRollerX View Post
what the hell?

first cutting costs, now just rumors.....WHAT THE HELL AMD?

Get your garbages straight!
The "cutting jobs" WAS a RUMOUR, get your facts straight .
> Scotland
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> Scotland
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post #5 of 15
Quote:
Originally Posted by Lelouch View Post
The "cutting jobs" WAS a RUMOUR, get your facts straight .
Thats what I was saying, that it turned to be a rumor.... Rather disappointingly as that would have been good for Amd
    
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post #6 of 15
Quote:
Originally Posted by XFreeRollerX View Post
Thats what I was saying, that it turned to be a rumor.... Rather disappointingly as that would have been good for Amd
Double edged sword. I commented that it would help them reduce spending, however at the same time cutting employee's almost always is bad in some way for a company.
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post #7 of 15
Maybe it was a Intel employee who started the rumor :O
post #8 of 15
Quote:
Originally Posted by neonlazer View Post
Maybe it was a Intel employee who started the rumor :O
Unlikely, as layoffs usually drive up stock prices.
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post #9 of 15
Quote:
Originally Posted by xdaseinx View Post
Unlikely, as layoffs usually drive up stock prices.
Maybe thats the answer right there!

Someone started a rumor, then benefited from it
    
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post #10 of 15
Well they wouldn't be the first tech centric company to cut jobs in the US recently.....a programming firm in Little Rock recently cut ~1000 employees.
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