Friday 24 May 2013

AMD to slash staff numbers as revenues fall

20 percent could face the chop

15 Oct 2012 10:21 | by Matthew Finnegan in London | Filed in Chips AMD

4 Comments

AMD to slash staff numbers as revenues fall -

AMD could be set to cut staff by up to 20 percent following a larger drop in third quarter revenues than had been expected.

Sources close to AMD told Reuters the chip maker is preparing to lay off between 10 and 20 percent of its workforce of 11,705 employees. Others sites have claimed staff cuts could reach up to 30 percent.

The rumours, which AMD has not confirmed, come after the company forecast a 10 percent revenue drop from the previous quarter in its financial results.

Just like its rival Intel, AMD has suffered from a tough PC market. Analysts warned last week that the industry could see a whole-year sales decline for the first time in a decade, with IHS iSuppli forecasting worldwide shipments will fall by 1.2 percent in 2012.

Analysts have also signalled a poor third quarter, with shipments falling around eight percent from the second quarter.

Comments (rss feed)

thomasxstewart - 15 Oct 13:29

Looks like AMD will go under or come close again. few years ago, $1.50 share was bottom, now back from $10 share, at $3. so Rhee, north Korean gangster espionage group, highly involved in education & physicial sports, like joon Ree, seems to be poison pill.

first announced as reed, subset of ibm, then read, final shot, rhee, might be kick in kester.

Some manage better. some owrse. Mike had trouble holding on, read has trouble & frankly, Is Trouble. At least, Once again, 2 way chache crossbar, somewhat successful & considered impossible on die gpu/cpu combo, due to vary different frequencies on one die, well, TOLD YOU.

Still desktop has come up long way & BIG money, Mobi, on new standard & thanksboner heads, intel sells better chip, due to mfg, yet AMD has opened door to better personal computer.

Rory don't take ez solution, when impossible might be soluable,

Signed: Drashek Owner....
Peter Chan - 15 Oct 16:53

The problem might be that AMD has never properly communicated to the run of the mill user why they should choose their product over Intel.
thomasxstewart - 16 Oct 03:14

$$$$$$$$$$$$$$$$$$$$$$$ is difference....

ts vondrashek
ATInsider - 16 Oct 16:47

AMD's issue here is the lack of experience the Board of Directors have with this type of industry. They are laying off the wrong staff, the staff that can vet them out of this mess.

AMD should eventually recover, but until then, they better get there act together and keep the bloody engineers, don't lay them off.