AMD denies layoffs

Posted on Friday, Mar 21 2008 @ 17:44 CET by Thomas De Maesschalck
Yesterday The Inquirer claimed AMD plans to cut 5 percent of its workforce but today the firm denied it has started firing employees. However, AMD declined to comment on whether it was about to do so:
A report from The Inquirer Wednesday said that AMD has already started cutting workers from its payroll, with plans to shed 5 percent of its workforce across the board. An AMD representative denied that any cuts have taken place as of Thursday morning, but when asked if cuts were impending, declined to comment on "rumors and speculation."

AMD is starting to right its ship after a disastrous 2007, with the fixed versions of its quad-core Barcelona and Phenom processors about to ship, a well-received integrated graphics chipset already out in the market, and the pending debut of its first designed-for-mobile notebook chip. But it's had to scramble to get to this point, and the effort to correct the mistakes made on Barcelona and Phenom might have caused problems in other parts of AMD's business.

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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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