AMD Planning Layoffs With Phenom Update?

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According to this report, Advanced Micro Devices is getting ready to cut its workforce by up to five percent as it readies its updated Phenom processor launch.

AMD is slated to begin shipping quad-core Phenom 9850, 9750, 9650, 9550, and 9150 processors in the coming weeks, according to sources close to the company. The "50" branding scheme indicates that the processors are the B3 version of the Phenom that fixes the "TLB" bug.
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So, not only is AMD cutting its workforce, but its "new" quadcore processor generation gets to compete with Yorkfield instead of Kentsfied.

At least it got the TLB bug fixed...
 
One of the 5% should be the CEO. His contract runs out soon and AMD really can't afford any more of his incompetence.
 
pxc said:
One of the 5% should be the CEO. His contract runs out soon and AMD really can't afford any more of his incompetence.
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They would probably only need to cut 0.25% of the top management to achieve the same savings.

It's time that they get new management.
 
The 5% layoff equates to him having an extra 10% bonus at end of year for Ruiz!
 
Doesn't Ruiz make more than Intel's CEO Paul Otellini? Uhhh... anyone see a problem there?
 
Maybe more importantly, AMD is in the midst of handing out pink slips, according to a report in The Inquirer. The report states that AMD is "quietly" cutting about 5 percent of its workforce across the board, not in specific areas. The report also states that AMD may badly miss its numbers this quarter. AMD, when contacted, said that it can't comment on "rumor and speculation."
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Did any of you guys miss that?
 
My perception of this common corporate practice equates to bonuses for top CEO's as their reward for saving the company money.

Yeah Capitalism!
 
In the end the 5% they cut won't be the people they NEED to get rid of. I see it at my work everyday. All the people who bust their ass get crapped on, and the people who do nothing are praised.
 
Yes. Thanks for working overtime peeps, here's your pink slip and your escort to the door.
 
Too little too late. I'm down to keeping one lonely AMD in stock just to fix AM2 systems. The full CPU shelf next to it is all Intel.

I don't know what the end will be, but AMD may be done for. I've been working behind the counter for 12 years and never seen either of the major brands drop off this far. Intel took a beating for a couple of years, but right now AMD sales are at close to zero in the home and small business market. The only units I'm putting out with AMD CPUs are Dell Vostro 1000s with TK-55 or TK-57.

Sad really.
 
yeah AMD is near death if you ask me.

and no, this is NOT a good thing.
if it does happen, intel will control the entire market, and there goes our cheap CPU pricing.

people better start getting used to the FS thread here.
 
And the axe falls on 10% of AMD employees*, plus a hint of yet another large charge this quarter:
Reuters
AMD to cut 10 percent of staff as sales fall
Monday April 7, 5:03 pm ET


SAN FRANCISCO (Reuters) - Advanced Micro Devices Inc (NYSE:AMD - News) on Monday said it will cut 10 percent of its work force after first-quarter sales fell more than it had expected.
AMD, the second largest microprocessor maker after Intel Corp (NasdaqGS:INTC - News), said it expects to record a restructuring charge in the second quarter. The amounts and details of the charge are still being determined, AMD said.

AMD said it expects to report first-quarter revenue of about $1.5 billion, down 15 percent from the previous quarter. It said the decrease is due to lower-than-expected sales across all business segments.

(Reporting by Philipp Gollner)
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* probably not the Dresden employees though because of conditions of welfa^h^h^h^h^h economic incentives, so the bulk of the lost jobs beyond percentage representation will be in the US.
 
Whenever I go past a couple of the AMD building here (Silicon Valley) they seem pretty dead to me.
 
Let's all just hope this works and the company recovers. Healthy competition in the market is good, nobody wants to see a one processor market....hell, Intel fans are hoping AMD stays in business and remains strong....it keep processor prices low ;)
 
I wonder how many of the cuts are simple belt tightening and how many are because they need to save money.
 
I'm surprised (and thankful) that Intel hasn't already slacked off because of AMD's downward spiral.
 
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