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Massive layoffs at AMD to be good thing for the company?

Posted on Thursday, October 18 2012 @ 20:59:33 CEST by

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Bright Side of News discusses why the upcoming round of job cuts at AMD might be a good thing for the company, you can read about it over here.
Furthermore, the departure of ex-CFO and the ex-interim CEO was greeted with the warm welcome, both from current and former management. One of people we talked with compared the former CFO with the movie Dictator, in which Sascha Baron Cohen portrays the figure of a dictator which is completely clueless and whoever disagrees with him, gets his head chopped off. In reality, those people are being shipped off to America, which is a "not so bad death sentence". According to sources in the know, the ex-CFO had quite the same attitude, trying to put down financial value to any of the technologies involved, firing off people which disagreed with the individual.

The number of people that were let go in the last round of firing only confirms the statements said above, but the upcoming cut is of a different kind. For too long, AMD has had multi-million and even billion dollar opportunities slip through the cracks, since projects that would be approved by C-level management would get killed off by jealous VP-level executives, or it would dwindle down to the directors level, neatly sent to the dustbin. Or to Intel, Asus, Nvidia and plenty of others, who would proceed to complete those projects and score big time.



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