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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.
Tagged as:
AMD
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phill1978
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#4430345 Posted on: 10/13/2012 01:59 PM
but then who would run the company ?
that's what all management think! ive rarely seen a good management team, they are a very scarce thing.
It's the management that needs to go.
but then who would run the company ?
that's what all management think! ive rarely seen a good management team, they are a very scarce thing.
Mikedogg
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Posts: 2844
Joined: 2011-11-01
#4430357 Posted on: 10/13/2012 02:08 PM
The thing is, if AMD goes out of business then Nvidia will end up fully dominating the market which means, higher prices, and no one that can offer and alternative.
AMD need all the help they can get. They offer low price competing hardware - and their drivers are becoming rather good.
I think my next upgrade will be all AMD besides the CPU; unless (and that's a BIG unless) AMD can bring out a good CPU in the immediate future.
The thing is, if AMD goes out of business then Nvidia will end up fully dominating the market which means, higher prices, and no one that can offer and alternative.
AMD need all the help they can get. They offer low price competing hardware - and their drivers are becoming rather good.
I think my next upgrade will be all AMD besides the CPU; unless (and that's a BIG unless) AMD can bring out a good CPU in the immediate future.
-=WolverinE=-
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Posts: 75
Joined: 2012-10-03
#4430358 Posted on: 10/13/2012 02:08 PM
I'm not an AMD fan, but I respect them as a company, alternative and competitor. This is sad news, because the company is dying and good people are losing their jobs. I hope they get back on their feet soon.
I'm not an AMD fan, but I respect them as a company, alternative and competitor. This is sad news, because the company is dying and good people are losing their jobs. I hope they get back on their feet soon.
alanm
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Posts: 8095
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#4430366 Posted on: 10/13/2012 02:27 PM
The thing is, if AMD goes out of business then Nvidia will end up fully dominating the market which means, higher prices, and no one that can offer and alternative.
Not necessarily. When companies "die" they usually get broken up and sold. Hopefully AMDs GPU business would look enticing for the likes of Intel. Dont know who would be interested in their CPU business since its a tough one manage competitively.
The thing is, if AMD goes out of business then Nvidia will end up fully dominating the market which means, higher prices, and no one that can offer and alternative.
Not necessarily. When companies "die" they usually get broken up and sold. Hopefully AMDs GPU business would look enticing for the likes of Intel. Dont know who would be interested in their CPU business since its a tough one manage competitively.
Mikedogg
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Posts: 2844
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#4430376 Posted on: 10/13/2012 02:37 PM
That's if Intel takes them on. They stand a better chance while obtaining the 'monopoly and monetary status' they currently have. If they get to broken up it doesn't leave much of a leg to stand on.
Sounds like they need better higher management.
That's if Intel takes them on. They stand a better chance while obtaining the 'monopoly and monetary status' they currently have. If they get to broken up it doesn't leave much of a leg to stand on.
Sounds like they need better higher management.
lucidus
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Posts: 11010
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#4430384 Posted on: 10/13/2012 02:44 PM
They might just end up getting more funds from Abu Dhabi. Meh, lazy management.
They might just end up getting more funds from Abu Dhabi. Meh, lazy management.
Penal Stingray
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#4430396 Posted on: 10/13/2012 03:12 PM
im not seeing amd is successful at all why are they cutting jobs? they not selling and making enough profit? even though their hardware are cheap? maybe becuase intel is just better. Intel maybe a lil expensive but its worth the price. how come intel is not laying people off work even though their hardware is more expensive? simple answer Intel is just better than amd. it maybe expensive but a lot of people like more performance and overclockablity versus cheap and low performing cpu's like amd lol
im not seeing amd is successful at all why are they cutting jobs? they not selling and making enough profit? even though their hardware are cheap? maybe becuase intel is just better. Intel maybe a lil expensive but its worth the price. how come intel is not laying people off work even though their hardware is more expensive? simple answer Intel is just better than amd. it maybe expensive but a lot of people like more performance and overclockablity versus cheap and low performing cpu's like amd lol
Pandelas
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#4430403 Posted on: 10/13/2012 03:30 PM
They need nothing more guy's, they need our support.
I don't wanna see again intel-nvidia monopoly like the old times, even if amd products are (and gettind) worse
They need nothing more guy's, they need our support.
I don't wanna see again intel-nvidia monopoly like the old times, even if amd products are (and gettind) worse
GhostXL
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Posts: 5995
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#4430416 Posted on: 10/13/2012 04:01 PM
IMHO this mess came about when people started to treat GPU Brands as Football Teams.
Instead of going for best bank for buck without gimmicks, people just buy a card because it has a certain name on it.
I know people will argue this because they have nothing better to do, but it's my opinion and it will stand no matter what you say. It's something I have noticed in many forums over the years.
I may not post in those other forums myself, but I read through them.
IMHO this mess came about when people started to treat GPU Brands as Football Teams.
Instead of going for best bank for buck without gimmicks, people just buy a card because it has a certain name on it.
I know people will argue this because they have nothing better to do, but it's my opinion and it will stand no matter what you say. It's something I have noticed in many forums over the years.
I may not post in those other forums myself, but I read through them.
---TK---
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#4430463 Posted on: 10/13/2012 05:37 PM
They need nothing more guy's, they need our support.
I don't wanna see again intel-nvidia monopoly like the old times, even if amd products are (and gettind) worse
amd cpu`s had my support years ago, I go where the performance is, as far as cpu`s go they do not deserve my hard earned money
They need nothing more guy's, they need our support.
I don't wanna see again intel-nvidia monopoly like the old times, even if amd products are (and gettind) worse
amd cpu`s had my support years ago, I go where the performance is, as far as cpu`s go they do not deserve my hard earned money
Q6600
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#4430466 Posted on: 10/13/2012 05:42 PM
+1
amd cpu`s had my support years ago, I go where the performance is, as far as cpu`s go they do not deserve my hard earned money
+1
Pill Monster
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#4430476 Posted on: 10/13/2012 05:51 PM
Shame...
Shame...
ClockClocker
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#4430483 Posted on: 10/13/2012 06:01 PM
Maybe AMD should just quit producing CPU's and Focus on GPU's Intel Vs Amd is not a war amd could win. While Nvidia vs AMD is a chance.
Maybe AMD should just quit producing CPU's and Focus on GPU's Intel Vs Amd is not a war amd could win. While Nvidia vs AMD is a chance.
Chillin
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#4430504 Posted on: 10/13/2012 06:39 PM
Except for the fact there is no money in enthusiast GPU's for the most part. The real money comes from the Tesla/Firepro and integrated GPU's/CPU's (Trinity, Tegra, etc.). Enthusiast GPU's aren't that hard to make so they are an easy high-margin money source, limited as they may be.
Not to mention that the desktop PC is a dead end at this point going forward, no need to be in denial about that. Your smartphone nearly has the power of a high end desktop PC from 5-6 years ago, the new Windows 8 tablets/ultrabooks will have 99% of the power of a PC (the power that actually counts to 99% of users) and be able to do 99% of the tasks any desktop can do while remaining ultra portable.
This desktop PC to my left is probably the last one I'll ever end up building for myself. Intel has seen the writing on the wall for a long time already, hence Haswell. Nvidia are no different, hence their focus on Tegra (which is a real money maker for them, especially with CUDA).
AMD are also starting to get onboard finally, they just need an architecture that can keep up. As one person succinctly put it, "The took a Server focused architecture and put it in a Laptop... brilliant!".
Maybe AMD should just quit producing CPU's and Focus on GPU's Intel Vs Amd is not a war amd could win. While Nvidia vs AMD is a chance.
Except for the fact there is no money in enthusiast GPU's for the most part. The real money comes from the Tesla/Firepro and integrated GPU's/CPU's (Trinity, Tegra, etc.). Enthusiast GPU's aren't that hard to make so they are an easy high-margin money source, limited as they may be.
Not to mention that the desktop PC is a dead end at this point going forward, no need to be in denial about that. Your smartphone nearly has the power of a high end desktop PC from 5-6 years ago, the new Windows 8 tablets/ultrabooks will have 99% of the power of a PC (the power that actually counts to 99% of users) and be able to do 99% of the tasks any desktop can do while remaining ultra portable.
This desktop PC to my left is probably the last one I'll ever end up building for myself. Intel has seen the writing on the wall for a long time already, hence Haswell. Nvidia are no different, hence their focus on Tegra (which is a real money maker for them, especially with CUDA).
AMD are also starting to get onboard finally, they just need an architecture that can keep up. As one person succinctly put it, "The took a Server focused architecture and put it in a Laptop... brilliant!".
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It's the management that needs to go.