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Posted by on Oct 19, 2012 in Hardware News | 1 comment

AMD announces poor economic and firing workers

AMD announces poor economic and firing workers

The recent economic performance of are not encouraging, because they reported the figures for the third fiscal quarter of the year, ie three months just past, products were sold for a total of $1,270 million, which is 10 % from the previous fiscal quarter, and 25% lower than during the same period last year.

This made adding and subtracting, it will show losses in the order of USD $ 157 million, which according to Rory Read, CEO, explained that “the PC industry is going through a period of significant changes that are impacting both the ecosystem and AMD. It is clear that the trends that we knew were going to reshape the industry, are happening much faster than we anticipated.

Following that, the company also announced the dismissal of 15% of their workers, which will cost USD $ 80 million at first, but it was decided keeping in mind a long-term recovery of the presents economic, something which will materialize before year end.

Link: AMD to lay off 15 percent of its workers (Neowin)

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1 Comment

  1. You need to spend money to make Money! Bring in the project teams and pay big money for the skilled staff and the rewards will be great!

    Do what there doing and AMD wont be around for much longer.
    They need to get rid of the monkey mangerment who don’t know how to deal with the share holders.

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