AMD to cut thousands of jobs

by Hilbert Hagedoorn on: 10/13/2012 11:35 AM | Source | 140 comment(s)

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.

Tagged as: AMD

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orion24

Posts: 836
Joined: 2005-09-17

#4431495 Posted on: 10/15/2012 02:33 AM

Removed...

Spets

Posts: 2939
Joined: 2011-05-10

#4431499 Posted on: 10/15/2012 02:40 AM

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 :infinity:

orion24

Posts: 836
Joined: 2005-09-17

#4431510 Posted on: 10/15/2012 03:07 AM

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 :infinity:

Fine

JohnMaclane

Posts: 4825
Joined: 2004-05-20

#4431592 Posted on: 10/15/2012 08:48 AM

I'm sorry Hilbert, but what did I just read? What in the hell did we all just read? Why do we seem to consistently get people like this at this forum :3eyes:

This thread was derailed twice and its not even in the pub section....

I am just as amazed.

The Chubu

Posts: 2540
Joined: 2009-12-29

#4431681 Posted on: 10/15/2012 12:10 PM

NVidia doesn't even dominate the GPU market....Intel does. NVidia dominates the "discrete" graphics market. Intel holds majority market share in the graphics market as a whole.

Well yeah, also technically, ARM is a bigger player in the CPU market than Intel if you consider the amount of ARM CPUs being sold (and more specifically, Samsung and Texas Instruments since ARM only sell designs and don't fabricate CPUs).

I was talking of the market we gurus care about, mid to high end desktop parts.

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