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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.

1 of 276 comments (clear)

  1. Re:Lay off 10%? by assertation · · Score: 0, Redundant

    It drives me crazy when companies think that the only way out of their mess is to lay off the staff, when the people responsible for the mess (board of directors and executive), don't give themselves a pay cut of 10%. Chances are, knowing how US exeuctives pay themselves, it would proably equal the amount saved laying off 10% of their staff. But what do I know?
    Traditionally, when a ship sank you put the officers on trial and reassigned the crew. The crew didn't make the decision that led to the ship sinking, their decisions were not the problem that needs to be fixed.

    I was amazed that after my VERY well funded dot.com (remember Broadband Office ? )failed that almost all of the management got rehired quickly into good positions. They were the people that made the decisions that led to the company failing.

    Rehiring those people is like taking a broken part out of a car in junkyard to keep your car running.

    A lot of that was cronyism, but even so, the healthy of your company comes before helping your friend out. Your company is your job and your livelihood.