AMD to cut 1,600 jobs, roughly 10% of workforce

8th April 2008, 03:07

The worst is not over by a long shot for AMD. This afternoon, the company confirmed it would have to make very painful cuts, the repercussions of which are already being felt in terms of declining revenues.

Up until today, AMD had been saying it expected its revenue from the first calendar quarter of this year to decline "in line with seasonality" -- meaning, it would be lower than over the Christmas holiday because January always drops from December. And analysts had been responding to that claim, for the most part, with disbelief. As it turned out, the analysts were right.

http://www.betanews.com/article/AMD_...ook/1207607120

jmke · 8th April 2008, 09:30

these were rumored for more than a few weeks now

8th April 2008, 03:07	#1
Shogun Posts: n/a	AMD to cut 1,600 jobs, roughly 10% of workforce The worst is not over by a long shot for AMD. This afternoon, the company confirmed it would have to make very painful cuts, the repercussions of which are already being felt in terms of declining revenues. Up until today, AMD had been saying it expected its revenue from the first calendar quarter of this year to decline "in line with seasonality" -- meaning, it would be lower than over the Christmas holiday because January always drops from December. And analysts had been responding to that claim, for the most part, with disbelief. As it turned out, the analysts were right. http://www.betanews.com/article/AMD_...ook/1207607120

8th April 2008, 09:30	#2
jmke Madshrimp Join Date: May 2002 Location: 7090/Belgium Posts: 79,022	these were rumored for more than a few weeks now __________________

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
AMD Launches 45nm Triple Core Phenom II with DDR3 support	jmke	WebNews	0	9th February 2009 10:26
AMD Announces Widespread Availability and Broad Global OEM Support for New Quad-Core	jmke	WebNews	0	13th November 2008 17:17
AMD GAME! Enables Console-like Simplicity for Mainstream PCs	jmke	WebNews	9	19th May 2008 21:51
AMD Introduces ‘AMD Business Class’, Designed With Business in Mind	jmke	WebNews	0	28th April 2008 10:33
AMD Launches World’s First x86 Triple-Core Processors	jmke	WebNews	0	27th March 2008 16:16
AMD NOT cutting jobs	Shogun	WebNews	5	22nd March 2008 12:55
AMD to cut 430 jobs	Sidney	WebNews	0	10th May 2007 16:58
Intel expected to cut thousands of jobs	Sidney	WebNews	1	1st September 2006 10:24
AMD Introduces Line of Low-Power, High-Performance AMD Geode Embedded x86 Processors	Sidney	WebNews	0	24th May 2004 07:10
AMD ingnots, sliced "TBread" with the crusts cut off	Liquid3D	Articles & Howto's	46	29th May 2003 14:02