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AMD To Shed 10% of Its Workforce

Posted by ryuzaki0 on from the hitting-the-streets dept.

stress_life writes "Recent rumors about AMD firing 5% of its workforce proved to be understated. AMD just announced that the company is going to deliver pink slips to 1600-1700 workers, or around 10% of its employees. AMD needs revenue of $2 billion per quarter, but Q1'08 is expected to come in around $1.5 billion. These firings have to be complete by Q3'08, the quarter by which Hector Ruiz promised to be profitable." We most recently discussed AMD's struggles in February.

4 of 276 comments (clear)

  1. Re:Well that's good by Anonymous Coward · · Score: 4, Funny

    They're all quacks of course.

  2. 10 percent not so bad by Gothmolly · · Score: 5, Funny

    They can just make it up through overclocking !

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    I want to delete my account but Slashdot doesn't allow it.
  3. Re: And if... by Anonymous Coward · · Score: 4, Funny

    We don't care about suppliers of proprietary solutions because we have OpenSparc. We wouldn't run an open source OS on closed source hardware and firmware.

    http://www.opensparc.net/

  4. Re: And if... by K.+S.+Kyosuke · · Score: 4, Funny

    I usually buy food for money, and then, I put the food where my mouth is. I consider mine a superior approach.

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    Ezekiel 23:20