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AMD to fire 5% of its employees?

Posted on Thursday, March 20 2008 @ 18:42:55 CET by

TG Daily claims AMD is going to cut its workforce by another 5 percent:
Since AMD has not officially announced the layoffs yet, there is no official explanation why these layoffs are coming now. However, our sources indicate that AMD may be preparing the analyst community for another not-so-great quarter, in which especially CPU sales have tanked. The TLB bug (and the following PR disaster) hurt Opteron sales anyway and this week Intel senior vice president Pat Gelsinger was telling journalists that the Tigerton Xeon MP processor is gaining market share and will bring “the biggest market share swing in years”.

Sources are now telling us that AMD decided to silently wipe 5% from its workforce of 16,719 people. As a result, about 800 to 850 people are laid off, while some people at AMD believe that the total number of employees should come down even further and end up closer to 15,000.



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