AMD to cut thousands of jobs





Advanced Micro Devices (AMD) will very likely cut 2340 jobs which is about about 20 percent of the workforce. Yesterday we already informed you their prognosis Q3 revenue report which was very worrisome. AMD suffers a lot from the dropping demand in PC market and expects that sales will drop with another 10% in the upcoming Q3. We expected loss of jobs, but not this many.
“With PC demand being so weak, we don’t think the company has any choice but to do some considerable cost-cutting measures,” said Betsy Van Hees, an analyst at Wedbush Securities Inc. in San Francisco reports Bloomberg.
Chief Executive Officer Rory Read has already lowered headcount since he was appointed in August 2011 and slashed 10 percent of its workforce in a round of job cuts announced last November. Other websites like CNET report that AMD could even drop 30% of it's workforce.
AMD next week will announce the mass redundancies.
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AMD won't be going anywhere anytime soon, until then I'd like to see ARM grow in performance

His response is not related to the thread, but there is nothing wrong with it. So I suppose that as a sender of a thing like this, you'll have the place for it to fit as well
And so will you
Everyone has moved on, lets not derail the thread anymore

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AMD won't be going anywhere anytime soon, until then I'd like to see ARM grow in performance

Everyone has moved on, lets not derail the thread anymore

Fine
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This thread was derailed twice and its not even in the pub section....
I am just as amazed.
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I was talking of the market we gurus care about, mid to high end desktop parts.
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Removed...