Slashdot Mirror

← Back to Stories (view on slashdot.org)

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.

3 of 276 comments (clear)

  1. Oblig. Annoyance by Anonymous Coward · · Score: 0, Troll

    Child voice from the back: Is it a recession yet?

    Bush administration: No

    Child: Is it a recession yet?

    Bush administration: No

    Radio: AMD cuts workforce by 10%

    Child: Is it a recession yet?

    Bush administration: DON'T MAKE ME TURN THIS ECONOMY AROUND YOUNG MAN!

  2. Re:And if... by tuaris · · Score: 0, Troll

    AMD dies, then Intel will jack their rates up about double. We saw something like this with Blu-Ray when HDDVD was announced to be dead. And Via.. Well, they're VIA. Leaves a bad taste in my mouth. I couldn't care less about AMD, their CPU's suck. Have you ever used them? They overheat and become unstable. Nothing but trouble. Intel doesn't do this. I just wish they hadn't gobbled up ATI first. If AMD Dies, ATI dies. It really sucks because my shares of ATI were up in the $20 range before AMD got a hold of them :(
    --
    President/CEO Pacy World http://www.pacyworld.com
  3. Re:Apple and AMD by turgid · · Score: 0, Troll

    Not at all.

    Intel have been hastily cobbling together scraps to try to compete with AMD. intel quad cores are not. They are two dual cores in a package.

    Intel are only ahead by virtue of the fact that they've been able to do a die shrink before AMD.

    Everything else about intel processors sucks. Just look at the price pressures AMD's competition has put on intel. Look at all the bugs (with no known workarounds) in recent intel processors because they've had to rush them out the door to compete.

    AMD have been ahead since 1999 when the Athlon came out. intel dropped the ball for PHB reasons (itanic) and they still haven't caught up.

    --
    Stick Men