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Rumor: AMD to cut more jobs in January 2013

Posted on Tuesday, November 20 2012 @ 18:02:58 CET by

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Last month AMD announced it will lay off 1700 people, about 15 percent of its workforce, and now rumors hit the web that even more cuts are coming in January. AllThingsD picked up a rumor from multiple sources that AMD is focusing on another corporate reorganization, as senior managers are reportedly making preparations for another shakeup. Details on how many jobs will be cut this time are unknown, but it's said that the number of jobs that will be eliminated this time around will be much smaller than the previous cut.

Curiously, the site also heard that the target number isn't fixed as AMD managers are waiting to see how many people will jump ship between now and January (and thus don't require expensive severance packages).
Some employees are being quietly told by managers that they will lose their jobs in January, but are being kept around for the moment as insurance against the possibility of other key people quitting before then, one source told me.

Another source told me that it’s an open secret around the corridors of AMD’s offices in Sunnyvale, Calif., and Austin, Texas, that another round of job cuts are coming. “The thinking is that management needs to get a few things right that they didn’t in the last round of layoffs,” one source told me.



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