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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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By PAPutzback on 4/8/2008 8:12:26 AM , Rating: 4
The ATI purchase was a a good thing IMO. No other board can come close to the 780G's value. Thanks to the ATI onboard graphics.

And at the price they are sellign their quad core chips these make great gaming machines for the midrange and also great HTPCs.

I can't see why so many people are down on AMD. If everyone keeps talking out their ass about the high end benchmarks and forgetting the bulk of pcs are still oem models with integrated graphics then peole woh don't have a clue about performance per dollar will take your word and go Intel.

If AMD sinks and it won't but if it did then all you Intel fan boys screwed up the timeframe for the release of faster processors. Just like Intel held back faster processors last fall waiting on the AMD Phenom release.

I just hope that if Intel ends up being the only desktop CPU in the future that they get bit by faster game consoles wiping out the desktop gamer.

Add a keyboard and mouse to a console and what do you need a fast desktop for. DVD rips?




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