5 Percent Will Walk The Pinkslip Plank At AMD

rated by 0 users
This post has 8 Replies | 1 Follower

Top 10 Contributor
Posts 26,094
Points 1,183,370
Joined: Sep 2007
ForumsAdministrator
News Posted: Thu, Mar 20 2008 6:40 AM

There is no official report from AMD on the wires, but multiple news outlets are reporting that chipmaker AMD will show 5 percent of its workforce the door.

AMD is slated to begin shipping quad-core Phenom 9850, 9750, 9650, 9550, and 9150 processors in the coming weeks, according to sources close to the company. The "50" branding scheme indicates that the processors are the B3 version of the Phenom that fixes the "TLB" bug. This was first reported in DigiTimes.

Later, AMD will also ship updated triple-core processors, including the 8750 and 8560. Updated triple-core processors will not necessarily be B3 versions, however, according to sources.

Maybe more importantly, AMD is in the midst of handing out pink slips, according to a report in The Inquirer. The report states that AMD is "quietly" cutting about 5 percent of its workforce across the board, not in specific areas. The report also states that AMD may badly miss its numbers this quarter. AMD, when contacted, said that it can't comment on "rumor and speculation."

AMD can't comment on rumor and speculation, but HotHardware can. Hey, we just did.



  • | Post Points: 35
Top 200 Contributor
Posts 412
Points 5,250
Joined: Apr 2007
Location: United States, Maryland
Lev_Astov replied on Thu, Mar 20 2008 7:13 AM
Ouch, badly missing their projections? I hope things start to look better for AMD soon.

><((((">Lev Astov

  • | Post Points: 20
Top 50 Contributor
Posts 2,617
Points 32,625
Joined: Oct 2005
Location: Minnesota, United States
ice91785 replied on Thu, Mar 20 2008 10:50 AM

Five percent?! That is a lot of employees....I feel for 'em; maybe its not a good time to throw them my resume?

  • | Post Points: 5
replied on Thu, Mar 20 2008 11:13 AM
IBM needs to grow a sac. I know they have enjoyed their research and development role lately but they need to step in and save amd before its too late.
  • | Post Points: 20
Top 75 Contributor
Posts 1,677
Points 24,005
Joined: Aug 2002
Location: Pittsburgh, Pennsylvania

I believe AMD is truly on its last competitive legs.  They won't go out of business, but they will stop being a serious competitor to Intel.  Some claim this has alreay happened, but I mean really stop trying to compete at all.

Hello

  • | Post Points: 20
replied on Thu, Mar 20 2008 1:22 PM

this was expected...5% is very little in such a big company,but I guess they have funds problems

  • | Post Points: 20
Top 500 Contributor
Posts 259
Points 4,555
Joined: Mar 2008
Location: Nevada/Arizona

well, they only have about 17,000 employees... so 5% is under 900 employees.. that will make a dent :(

Dynamically Scaled Oblique Flying Wing

http://www.youtube.com/watch?v=XV-eTXIyYYQ

  • | Post Points: 20
Top 100 Contributor
Posts 1,142
Points 14,910
Joined: Mar 2008
Location: florida
frg1 replied on Thu, Mar 20 2008 2:02 PM

 lets hope shanghi is competive enough

Photobucket
  • | Post Points: 20
replied on Fri, Mar 21 2008 7:49 AM

it is already confirmed that no one will leave amd

  • | Post Points: 5
Page 1 of 1 (9 items) | RSS