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Thursday 20th March 2008

AMD denies laying off 5% of its workforce

Posted at: 2:14am 20th March 2008 by Ben Hardwidge

AMD alleged to be making huge numbers of redundancies after missing financial targets, but AMD says it’s all just rumour and speculation

AMD P45

According to the rumour mill, AMD is in serious financial trouble and starting to lay off large numbers of its staff as a result. The hearsay professionals over at The Inquirer claim that AMD is in the process of cutting its workforce by five per cent, after realising that it’s going to miss its financial targets at the end of March.

Rather than laying off workers in specific departments, the site claims that AMD is looking to ‘quietly’ make cuts across the whole company. However, AMD completely denies the claims. A spokesperson from the company told Custom PC that ‘AMD did not have a workforce reduction today,’ and added that it wasn’t ‘AMD’s policy to comment on rumour and speculation.’


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Comments
since when was IBM bbuying AMD?

since the summer I've heard that Samsung, Corsair, Phillips, Toyota (yes, toyota), Sony, nVidia and now IBM arre all apparently going to be buying AMD, where did you read this?

Comment by EdArch at 9:54pm 27th March 2008



IBM on the Phone

No, AMD isn't going to disappear anytime soon. It has the tech expertise it needs. I guess as soon as IBM buys AMD that a few suits will be laid off. I think AMD will look just fine on IBM, incidentally dwarfing Intel's present bank account.

Comment by Carson at 6:26am 25th March 2008



I think Nvidia should buy AMD, too. I believe they are making sure they can get the x86 licence via Via, first.

Comment by RickA at 10:11pm 24th March 2008



Too Bad...

From alot of what I've read, it's AMD management that should be booted out for making the decisions that have led them down the road of consumer disappointment, not the workforce who are actually trying to do their best. Last year I think it was their VP who left due to decisions being made by other around him (and he was the guy who made ATi actually competitive before the AMD aquisition.

Comment by EdArch at 11:04pm 22nd March 2008



ALWAYS a bad sign

Whenever a large % of the workforce in numbers is laid off, it means the likely demise from the top seat in the market..... It happened all the time... Just recently for example Northern Rock, after nationalisation and 'being saved' is laying off 2000 of its workforce...

Comment by Lightning_Pete at 12:19pm 21st March 2008



Nvidia/ATI/AMD vs Intel

Only Anti-competitive behavior in the graphics market till Intel launches Larrabee. Short term bad, long term GOOD!!!

Comment by jeffboxall at 3:55pm 20th March 2008



@Thorian

Have I mis-read the article? Where is anything written about if Intel were to buy AMD?

Comment by pveater at 3:48pm 20th March 2008



What's in it for Intel

For a start it would surely raise anti-competative behaviour issues, due to this I doubt that Intel could buy AMD even if they wanted to. I very much doubt they would though, the only reason that I could think of is for the GPU side of the company and I'm sure Nvidia would have somthing to say about that.

Comment by Thorian at 2:51pm 20th March 2008



For the Taking?

I think Nvidia should step in and buy AMD. Thus keeping the CPU competition open and when Intel release Larrabee then hopefully the GFX market should see some competition there as well. The main problem for this is the anti-competition rules about cornering the market with Nvidia then owning ATI. If Larrabee ends up being a true graphic card competitor then this shouldn't be a problem. Can you imagine how far AMD could go with Nvidia resources. In recent years their CPU and GFX have lagged behind Intel and Nvidia so badly that they are now in this position were good people could potentially be out of a job. It's never the management who get their P45's it's the shop floor. Shame really.

Comment by crazy at 2:36pm 20th March 2008



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