dividebyzero
Posts: 4,840 +1,271
On the eve of another less than stellar financial quarter, where AMD is taking a $100M write-down on inventory (likely mostly excess Llano stock) and posting a loss estimated at $120M+, comes news of the long rumoured second round of job cuts.
What was originally though to be a 5-10% trimming of the workforce now seems to be in the order of 20-30%, with engineering -including the well performing graphics division- particularly hard hit. Numerous sites are now estimating that a large part of AMD's future products could have their design outsourced to third parties.
No doubt the board of directors will be picking up hefty bonuses for reducing labour charges.
What was originally though to be a 5-10% trimming of the workforce now seems to be in the order of 20-30%, with engineering -including the well performing graphics division- particularly hard hit. Numerous sites are now estimating that a large part of AMD's future products could have their design outsourced to third parties.
No doubt the board of directors will be picking up hefty bonuses for reducing labour charges.
