AMD to cut nine per cent of workforce
AMD HAS some bad news to give out. The Inquirer has learned that a memo went out late yesterday announcing layoffs and pay cuts. Rumors of such a move have been circulating for a while, so the word is not a total surprise, but the specifics were not known until last night.
The short story is that nine per cent of AMD employees will be laid off, and those who remain in the US and Canada will see their pay reduced. Layoffs and pay cuts in other countries are a little trickier because of employment laws, but expect similar actions where possible.
Pay cuts range from about 20 per cent at the top, going down in steps the lower you get to the bottom. The lowest tier workers will have their pay reduced by about five per cent. There is really no good news from this, other than the prospect of keeping the company viable for some time to come.
There is absolutely no truth to the rumor that the cuts will be alphabetical, with those whose names start with J, R and W being cut this round.
On a serious note, our best wishes for those who are losing their jobs. We hope you each find a new and better one soon. µ
Share this:
ShareBusiness Intelligence Software
Customer Relationship Management (CRM)
Enterprise Accounting Software
Enterprise Resource Planning (ERP)
Enterprise Systems Management
My question is whether the 9% included Charlie or not?
Also, no good luck to those who lost job at nVidia.
The bad new for AMD was the Phenom I, the rest is just a consequence.
Charlie, they wont fire you. You are doing a fine job for them.
regards,
Daniel
If DAMMIT can make a graphics chip last at 95'C, and not have it's bumps fail, then Nvidia need that tech now!
@Graeme, Titius, Daniel. What the above posters have posted is serious and tantamount to libel. To the above, if you do not have verifiable evidence of what you have stated as fact then you could be charged with slander. Your dislike of the opinions of others is not justification for making unsubstantiated claims impugning the characters of those with whom you disagree. Whether or not you are legal adults in your jurisdiction this is not a school yard naming calling contest. You could find yourselves in serious legal difficultly if you continue life with your current attitudes. If you had actually be reading Charlie's writings for the past ten years like I have, you would be aware that he calls it as he sees it based on his industry experience. Sometimes that means he will write something positive concerning NVIDIA, Intel, AMD, or others. In some cases, his writings will reveal issues that various companies would prefer that we did not know about them or there products. If you feel power less in your day to day lives then deal with your personal demons, but, do not blame Charlie for your own personal shortcomings. Nor should you think that it is appropriate to simply lash out at Charlie or any one else because you appear to be anonymous on the INTERNET. It is bad form. If you can argue with the facts he has presented then do so. If not, then consider that your response is emotional thus showing your own personal bias more so than the author's.
Best regards, Daniel R.
There is no edit function once a comment is posted, so please excuse the obvious typos in my post above. Thank you.
No excuses!
Dear Sir, you seem to be labouring under the misconception that I give a rat's arse about your opinion.
What?
If there is one guy here that should be sued, this one is Charlie.
Take just for example the (false) new on nVidia quitting the chipset business. Do you think that that kind of new is impatting on sales? Are you going to buy a product just about to be dismissed? Think about drivers and support.
This is the serious issue here. This is more than biased information, this is misleading information.
So I think your comment is just nonsense.