AMD might fire another 5 percent of its workforce
AMD is preparing to announce another 5 percent reduction of its global workforce because "the company has too many VPs and directors who slow things down According to the vr-zone. New hires cannot fulfill their targets due to amount of bureaucracy." The site says once the new round of job reductions are complete, AMD should have a sub-10,000 workforce. This compares to a workforce of 15,000 jobs back in 2008.
As the time went by, new executives joined the company and apparently were met with quite a lot of resistance in terms of projects being realized. While it took for some time, it seems that both the executive team and the Human Resources department came to inevitable conclusion - the company is too big for the amount of projects at hand. According to our sources close to heart of the matter, we heard that "the company has too many VPs and directors who slow things down. New hires cannot fulfill their targets due to amount of bureaucracy."
This was supported by the lowered outlook, which is slowly being voiced out to the financial institutions. AMD apparently did not have a "happy third quarter", with the sales coming short of predicted. However, with the launch of AMD Virgo platform (Trinity for Desktops) and refreshed Scorpio with Vishera processors, fourth quarter should look much better.
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