AMD announces poor economic and firing workers
The recent economic performance of amd 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)Tags: amd, rory read, sales