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The hits keep on coming for AMD

Last week, reports began to swirl around the internet that AMD slashed 5% of its workforce. AMD denied the reports and issued a statement saying, "We did not have a workforce reduction."

It appears that the reports of job cuts were true; however, the size and timing of the layoffs were wrong. According to Information Week, AMD plans to axe off 1,600 employees before the close of September -- this would represent a 10% reduction in AMD's current workforce of 16,000 employees.

The jobs are a necessary move to help lift AMD from the gutter in terms of financial performance. AMD did not disclose which locations or what positions within the company would see the bulk of the workforce reduction.

AMD had a rough 2007 and reported revenues of $1.77B and a $1.722B loss during the closing quarter of the year. 2007 yearly totals saw AMD with $6.012B in revenue and a net loss of $3.379B.

AMD expects that Q1 revenue will come in at roughly $1.5B or 15% lower than Q4 2007 -- the loss came from an unexpected decline in every market that AMD competes.

We will still have to wait a few days longer to hear the full damage report for AMD's Q1 earnings. Despite the already grim forecast, AMD is looking forward to the latter half of the year when it will push its 45nm processors to customers.

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RE: 3...2...1...
By RIPPolaris on 4/7/2008 9:21:42 PM , Rating: 0
just another Int€l fanboi article..
intel still cant comepte with AMD's native quad-core!!!11! since they only have fake double dual cores!!!11!eleven!!1!!!

But seriously, it's not going too well for the green team nowadays..

RE: 3...2...1...
By Inkjammer on 4/7/2008 9:37:39 PM , Rating: 2
It's unfortunate, yeah. AMD and ATI both seem to be having massive issues on the performance side, each getting creamed by their direct opposition. At least ATI's side of the house has been picking up a bit more steam.

Still, I hope it picks for them. Competition is good, and without AMD or ATI it leaves Intel and Nvidia alone in a big ol' playground. And while I love Nvidia, no company should have full run of the court. Bad for all.

RE: 3...2...1...
By AntiV6 on 4/7/2008 9:41:02 PM , Rating: 1
nVidia is doing just fine, thanks for asking. :)

I haven't willingly sold an AMD laptop for a few months because performance isn't near Intel's offerings. The AMD rep. at our store says Puma will help AMD out tons.

RE: 3...2...1...
By Carter642 on 4/7/2008 9:57:34 PM , Rating: 2
hehehe well, of course he'd say that, he IS the AMD rep after all ;)

Seriously though, AMD really needs a win here. At least ATI won big with upcoming laptop graphics.

RE: 3...2...1...
By clnee55 on 4/12/2008 11:44:01 AM , Rating: 2
AMD 1 -2 -3 solutions

1: Have a great idea

2: Pay the big guy big money and lay off the small guys

3: fail

"Game reviewers fought each other to write the most glowing coverage possible for the powerhouse Sony, MS systems. Reviewers flipped coins to see who would review the Nintendo Wii. The losers got stuck with the job." -- Andy Marken
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