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images/news/amd.jpgAMD IS QUIETLY cutting five per cent of its workforce. Pink slips have been handed out now. The cuts are going to be across the board, not targeted at any specific group.
Whispers also say that this is because the chip maker is going to badly miss numbers this quarter, and it is taking preemptive moves to get costs under control.
Too little, too late, too badly aimed, or not aimed it seems. With the earnings in free fall, expect a press conference in a day or two to explain the problem, and how they are dealing with it via the axe.
One may have hoped that they would have done a bit more analysis to work out why they are in this pickle and axe those responsible rather than 1/20th of everyone. There is no good news from all of this, none at all.
Via: Inq
Whispers also say that this is because the chip maker is going to badly miss numbers this quarter, and it is taking preemptive moves to get costs under control.
Too little, too late, too badly aimed, or not aimed it seems. With the earnings in free fall, expect a press conference in a day or two to explain the problem, and how they are dealing with it via the axe.
One may have hoped that they would have done a bit more analysis to work out why they are in this pickle and axe those responsible rather than 1/20th of everyone. There is no good news from all of this, none at all.
Via: Inq
that's too bad. Come one AMD, bring out some love. Sigh.
