AMD to fire 5% of its employees?

Posted on Thursday, Mar 20 2008 @ 18:42 CET by Thomas De Maesschalck
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.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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