Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 16 October 2012 10:29

AMD planing huge layoffs

Written by Nick Farrell



Trouble ahead


The dark satanic rumour mill has manufactured a hell on earth yarn that AMD is about to lay off a third of its staff.

Word on the street is that an announcement could be a couple of days away as AMD has to announce results which are particularly dire. The layoffs would come less than a year after the chip maker cut 10 percent of its workforce—about 1,100 people—in an effort to save $200 million in expenses.

AMD had 11,705 employees as of February so that is a fair few in the dole queue. Most of the job cuts will be in engineering and sales, two areas that were lightly hit by the last round of layoffs.   This will also mean that the company will have to scale back product plans.

AMD is not saying anything but on October 11 the company warned that revenue for the third quarter will fall about 10 percent from the second quarter. AMD pinned the blame on the “weaker-than-expected demand across all product lines caused by the challenging macroeconomic environment."

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments