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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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It's time for someone to take AMD's place!
By Serafina on 4/7/2008 10:29:20 PM , Rating: 0
AMD is done for!

It doesn't matter if they go out.

Another competitor will just fill their spots. A competitor who is more competent and smarter than they are.

Look at Sony and Toshiba with their Cell Processors. Those could really give Intel a run for their money.

A Giant company who knows how to build better chip will go up against Intel, since AMD can't.

It might be one of the big 3 in Japan, Sony, Toshiba, or Panasonic.

By Phynaz on 4/7/2008 10:40:25 PM , Rating: 2
And where exactly is Sony, Toshiba or Panasonic going to get an x86 license?

By StormEffect on 4/7/2008 11:31:25 PM , Rating: 1

At least right now, Cell is a TERRIBLE multipurpose PC processor. It might be powerful, but the compiling system it uses is not anywhere near as popular or easy to use as Intel's x86 stuff.

No no no, unless those companies license x86 or somehow make their processors completely compatible, it is not going to happen.

"I modded down, down, down, and the flames went higher." -- Sven Olsen
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